Having worked in the industry for about 20 years I really doubt its anything to do with them being a reputable company! The RIOs & BHP's of the world dont give a damn about that, they are driven by price almost to singularity. These sort of clients are straddled with crippling structural dysfunction as well, so its unreliable to presume that they act in any logical or rational way.
The main takeaway I got from the mining industry is that the margins in digging holes and putting them on ships must be phenomenal if companies that are as dysfunctional as RIO & BHP can make any money from mining!
Anyway, back to MND, it seems they are tracking along quite well and remain the best run of all the big mining services companies. The run up in price was a bit of a surprise, I am nearly back in the black after paying too much a couple of years ago!
Ann: Half Year Accounts, page-21
Add MND (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$12.38 |
Change
-0.020(0.16%) |
Mkt cap ! $1.218B | |||
| Open | High | Low | Value | Volume |
| $12.30 | $12.54 | $12.26 | $2.742M | 221.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 656 | $12.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.39 | 490 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MND (ASX) Chart |