Bit of an unloved stock at the moment, judging by buy side, but...

Bit of an unloved stock at the moment, judging by buy side, but that may change.

Viento Group in trading halt pending a "material contract"
Thursday, May 16, 2013


Viento Group in trading halt pending a 'material contract'

Viento Group (ASX:VIE) has entered a market halt to announce a "material contract".

Recently, Viento was awarded a major contract with Ansaldo STS for an equipment hire contract worth $5 million to provide Rio Tinto (ASX:RIO) with capacity and efficiency upgrades and enhancements for its heavy haul iron ore rail network.

First equipment under the contract was mobilised in April, with the supply contract for an initial term to October 2014.

There is potential for the Viento subsidiary that won the contract, Mineworks to grow the hire fleet.

http://www.proactiveinvestors.com.au/companies/news/43373/viento-group-in-trading-halt-pending-a-material-contract-43373.html