I sold Friday as well under my windfall profit trading rule. Put me in the top 10 for the tipping comp for the first time ever maybe for a day anyway.
I found this notice in the NWH announcements but can't find anything in the VMG announcements.
NWH fell 5% on Friday so I wonder if there could be more to it all.
Perth, 27 July 2009: Further to the ASX Announcement released on 4 May 2009, VDM Group Limited (ASX:
VMG) is pleased to announce its subsidiary, VDM Contracting, in a 50:50 Joint Venture with NRW Civil &
Mining (ASX: NRW), has now executed the above contract as part of CITIC Pacific Mining’s Sino Iron project
located at Cape Preston in the Pilbara region of Western Australia.
The contract involves drilling, blasting and excavating over 6.5 million cubic metres of rock. Of this volume, 2.5
million cubic metres will be used as infill and pavement materials for bulk earthworks in the area, and 4 million
cubic metres will be used in construction of a 3.6 kilometre breakwater.
With this project now underway and with the signing of this contract, along with VDM Group’s ongoing
projects, it places the 2009-10 work book in a healthy position moving forward.
The value of this joint venture contract is $241 million.
–END–
I'm still holding NWH.
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I sold Friday as well under my windfall profit trading rule. Put...
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