Unfotunately thier are plenty of other mining services companies...

Unfotunately thier are plenty of other mining services companies that far better placed and organised the VMG.
Basically they are being sqeezed - as thier work in hand decreases via completion, the lack of new contract wins is a major concern to the market. Why are they not winning contracts if they have pitched for over $2B of work ? How long do they keep thier workforce and on-going costs going whilst with no new work coming in. Could be worth a punt...at sub 20's in the hope of snagging a major contract.