Hi Yorkie …. I just wiped all my notes o_O I do hope the...

Hi Yorkie ….
I just wiped all my notes

I do hope the transcript is published!!
(there were some great quotes from Jules and Richard!)

In case it isn't, while it’s still fresh;

Yes very optimistic on both as long as this environment continues.
And, if the company outperforms, dividends will continue to reflect this.

The last few years till now have been tighter due to post-Covid conditions and not winning a few tenders .
Jules essentially said he told his team not to cut themselves short even at risk of losing the contract.
He cited an example where he came in 10% higher than the winning tenderer and did lose the contract ….. and now there’s a $100million legal fight going on between the winner and its’ client.

There’s going to be a roadshow in the East in the next few weeks!
Jules expects to be meeting some of the analysts who asked questions whilst he is over there.
-There were more questions from more analysts than I think I have ever heard before ..

The South Walker Creek purchase was an opportunistic buy at a great price but is not expected to be a high margin performer as the current contract runs through.
NRW has high hopes it will win the next five year tenure there (starts next August?) . The 550 people taken on in that purchase brings overall workforce up to around 8,000.
It’s a popular job - close to Mackay and considered a ‘great place to work’.

Weather impact has not been as bad as in previous years, it’s easier to recruit etc … allhelped create good results .

Much of the gain from Spartan share sale seems to have offset the loss from Primero’s pre-purchase legacy Wartsila issues?
Primero rejuvenated with a great team.
The spend on RCR is expected to double capabilities .. starting next year it will be ‘firimg’.

The OEM section has been creating world class equipment ..eg the portable apron feeder (there was a video posted here on that a while back) .. Sales only started six months ago and there’s been lots of interest … ​

RCR is taking that (and other stuff ?) to a US show early next year.​

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And early next year is when lots of mining work may be announced,..
…..

So much more …

cheers