57 cents high, page-10

Tropicana JV as per announcement

Karara Iron ore contract?

Moly Mines Molybdenum contract (this is MAH's albeit 5 years delayed by the time it's ready)

That's all I know of, haven't been following MAH in detail for the last few months

Generally, MAH has been sitting in the low to mid 50's since their last profit downgrade in mid Oct 2010. It's not a dog stock, just a company that has made some mistakes with a construction contract (again).

I wouldn't be buying at these levels right now, I'm thinking there may be another profit downgrade due to the rain in Queensland. This is where MAH makes most of their margins (in excess of 7% PBT compared to construction 3.5%. These figures are from re-collection but are around about.

MAH will possibly get over bought but I do believe that it's worth 60 cents tops right now even if their Dec 10 profit meets forecasts.

But it's great to see some movement at last.

;)
Nic