Chart Update, page-3276

Would be disappointing if there was any significant damage to NWH. A few months ago I saw the Li space as being a big winner for Primero and NWH. The EV sector minerals have been under pressure - Li, graphite, nickel and copper I think. Overall the EV growth might slow in % terms but overall vehicles and hence raw material demand should increase. NWH seem to be in a good space right now, although I’m less optimistic on Li. I couldn’t find any disruption to coal mines up north with the recent rains? WA seems to be ok with iron ore doing well. Plenty of work for Golding in Qld. Plenty of work already booked for 2024/25 with an upgrade from the recent AGM. I get the impression they are being more selective and looking to secure more margin, so I hope they are well insulated from any major write off’s these days. A few weeks will provide more detail but if it falls further, would be a good spec buy leading into the results with no update from NWH in the mean time? GLTA