Firstly we know they are set to better last years $30 million after tax profit on revenues of $1 Billion.
It would seem all good news here forward looking.
Plenty of jobs advertised on their website would indicate there is a shortage of labour for their many many projects...This would indicate ramping up of the Mcmahon business....Most are long term such as Olympic Dam ...long term contracts.
Secondly..its good to see cost cuttings and indeed new blood CEO to come in...much needed.
Mongolia is set to ramp up again. A huge govt owned coal mine and Mcmahon progress payments will be paid and the resumption of mining will again ramp up.All good for Mcmahon.
Has to be one of the bargains of the decade at these current prices.!
http://www.bne.eu/content/story/mongolias-giant-tavan-tolgoi-coalmine-soon-be-under-new-management
Good signs ahead
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