IEC 0.00% 0.2¢ intra energy corporation limited

Ann: Update on negotiations with Caspian Limited, page-19

  1. 8,066 Posts.
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    Caspian had been given the minimum amount of work anyway plus they were hopeless. I'm sure the new trucks will offset Caspian.
    From one of the last updates -
    "Due to Caspian’s poorperformance, Tancoal’s only option was to allow Caspian to only work “minimum hours” as per the contract for300 hours a month and then park Caspian’s fleet for the remainder of each month. Other contractors thencarried on the work for the rest of every month."

    I guess this is the good thing of a tight register and no insto's owning the stock yet...they can't dump stock in a heartbeat like they do. There still isn't really that much on the sell side so perhaps we've seen the worst of the fall.
 
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