MAH 2.59% 28.3¢ macmahon holdings limited

Ann: SBM: St Barbara appoints new underground mining contractor, page-9

  1. 6,896 Posts.
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    SP smashed down to 20 cents is not something I expected, the $500m works with SBM should at least see the SP rise on a day of green-everywhere.
    I couldn't find anything negative in this announcement (except "which will require capital expenditure of circa
    $40 million over FY21 and FY22", but I don't think that's a large amount of initial capital investment for a 5 year +$500m contract).
    Maybe someone can point out?
 
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