So looking over the fence (that grass on the other side of it has such ‘green’ appeal)
…and it’s good to know what competitors are up to is it not.
It was good to see old MND this morning kicking the shins of that Goldman Sachs negativity last week ( GS wrote that “in the near term” it expected the market was underestimating - by 6% - the MND margins).
- $400m of new contracts quietly announced as an amuse bouche for whatever is to come in the MND half yearly, and a reminder the company looks beyond near term.
MND MD, Rob Velletri, said it was good to see the company maintaining its’ strong reputation across various clients.
https://www.australianmining.com.au/news/monadelphous-400m-contracts-cover-all-bases/
So it trumped our Friday $110 announcement of various contracts (might that East Pilbara iron one be the smaller Gina Rinehart mine - Murray’s Hill - that various media wrote a couple of weeks back was looking at an “imminent” start?
… on her station - Mulga Downs {is that East Pilbara?})
…But we still have Curragh up our sleeve.
Mind you the market over there at MND was not hugely impressed with the news.
The price there is languishing near yearly lows which - given Goldman Sachs likely looks beyond “near term”, may be playing right into its hand?
cheers
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