I noted the reduced margins, but the other thing that stood out in the figures, which is probably related, is that clients are taking about twice as long to pay, but on the other hand, FGE is also taking twice as long to pay creditors. I am wondering if this has become an industry wide culture to not pay bills so promptly. Is this a symptom, with reduced margins, that life is becoming tough being a mining service providor? If so, the next step is someone going broke and that affecting more people.
FGE Price at posting:
$4.65 Sentiment: Buy Disclosure: Held