Ann: VALMEC ORDER BOOK BOLSTERED BY $23 MILLION OF NEW WORKS, page-2

Reassuring announcement. Obviously the jobs on seek.com looking for dump truck , water cart , excavator operators etc in NT are probably for the Tanami Expansion.
Looks as if the the 2 ongoing sellers (Bell Potter and State one Stockbroking) whom have been dumping down to 15c for days, weeks, months are still active today putting a lid on the early rise.
Lack of any instos willing to step up and clear the lines is the concern. Until then even with such a good news annoucement it looks as if we are heading back lower until the 2 large sellers are cleared,
With the current asset backing and P/E under 5 it looks soooooo undervalued to me but until the company finds someone to clear the sellers it may stay frustratingly low.
Like the mention of there is still a number of large upstream energy and infrastructure projects expected for commitment in the months ahead.
Been a big fall from around 30c but hopefully in time in will get back there and above.