re: Ann: MACA Secures $285M Peculiar Knob Con... I don't think...

  1. 46 Posts.
    re: Ann: MACA Secures $285M Peculiar Knob Con... I don't think it would have been factored into the earlier announcement regarding upgraded earnings. The earlier announcement related to earnings in the first half of FY 2010/2011. Work on the new contract doesn't commence until April 2011 (if I read the comment about mobilisation of the workforce correctly), so I think that MACA won't be paid anything until the end of FY 2010/2011 at the earliest or more likely in the first quarter of 2011/2012.

    It seems like the good times keep on rolling, as yet again, being in the pick and shovel companies proves to be more profitable than the miners!

    DYOR, of course.
 
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