MAH 1.75% 28.0¢ macmahon holdings limited

Just listened to the conference call - highlights for me:1)...

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    Just listened to the conference call - highlights for me:

    1) conservative treatment of outstanding debt in Mongolia - management is close to resolution (maybe next week or so) - I expect upside.
    2) secured revenue FY2015 $700M - there is normally about $100M outside order book.
    3) CAPEX decrease in FY2015 - estimate about $100M ($60M 1st half/$40M 2nd half)

    CEO final comment "feel that now on the road to recovery"
 
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