"We don't ever bet the farm on anything, whether it be a commodity, whether it be a geography, whether it be a client or whether it be something shiny and bright that looks all very exciting, but could lead to a high risk business. We stay balanced and we stay measured in our approach in the way that we deal with our portfolio of projects and contracts we deliver."
On Saxum, in the context of the risks inherent in Argentina: "...But it remains undeniable that it has a number of things. One is a highly trained workforce, excellent engineers, excellent professionals at a very, very high value, low cost, high quality. And we -- this enables us the opportunity to a tap into that. A lot of work SAXUM's work is not in Argentina."
On acquisitions: "We're not a naturally acquisitive company. We're not about throwing or buying, acquiring for the sake of growth. We are about having a balance between organic growth and acquisition where acquisition makes sense... Acquisitions are difficult... We didn't outsource any of our DD. We've got it done internally and some support from local council in various jurisdictions, obviously, and some advice from local expertise. But we did the DD ourselves [indiscernible] on the business."
LYL Price at posting:
$10.22 Sentiment: None Disclosure: Held
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