er ....yep.
A couple of things have captured my attention from a more holistic perspective ... management have not been ones to spend money before it is needed, so the B2 and M2 investments must have some sort of catalyst to have been triggered, as well as the establishment of the $100M debt facility.
Also the P1 capacity increase must have some basis, because although it does seem like the black state in WA, there is still a hell of a lot of money around ... remember that mining has not stopped, just the huge capex that has been prevalent for a few years. There is a lot of consolidation in the mining sector now, especially in IT upgrades and improvements.
My gut feeling from these things is that there are some big contracts on the horizon, and the expansions are the immediate reaction to meet the needs of these.
I'm with you Hokey, I am sitting on a 70% profit, but I feel that selling any would just be losing an opportunity.
(20min delay)