Ann: Primero awarded Covalent Mt Holland EPC, page-12

I feel the same frustration as everyone else related to the lack of positive sp movement off the back of some excellent news. Obviously the threat of labour shortages and inefficiencies in delivery hang over the company. I personally believe the biggest threats lie behind us in this regard and that management has now mitigated these risks and most notably either priced in or contracted out of repeat risks in work now being awarded. The only way we will see for sure whether my view is correct is by monitoring margin improvement from this point onwards. I am sure current work in the METS sector is being won at healthy margins, so we just need to avoid execution disruption and inevitably this margin will flow through to the bottom line. I will wait patiently for this to happen and collect a good divi along the journey. DYOR