NWH 0.88% $3.44 nrw holdings limited

I thought the Li space was going to be a great growth prospect...

  1. 765 Posts.
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    I thought the Li space was going to be a great growth prospect for NWH. It may well be still ok. The project in question belongs to the third largest Li producer in the world Arcadium. They just released some financials that were better than expected. NWH latest update indicated 2.9 billion in secured work (including preferred tenders) for 24/25. So, it's never great news, but hopefully the project continues albeit with lower output but perhaps for a longer term?? At least the labor shortages should not be an issue going forward and NWH has plenty of scope to deploy labor elsewhere? I'm looking forward to some more work perhaps in the civil area and NWH's diverse geographic and broad capabilities offers plenty in the near term to compensate. They may update in the next couple of weeke at the full year but it looks ok at this point as they would be obliged to inform the market of any significant issue. GLTA
 
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