EGN 2.63% 18.5¢ engenco limited

Partnership with Rio Tinto, page-3

  1. 991 Posts.
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    Some quick sums 40 cars built in 18 months whilst the establishment of the facility in Karratha is built, this leaves 60 cars in the next 4.5 years and that is nearly 1 car per month. By the end of this contract there would be the likelihood of further contracts as an ongoing project.
    Add to this is the bearing maintenance aspect so there is a sizable bit of infrastructure required.
    Now the announcement stated a partnership with Rio Tinto and i wonder to what extent this entails, could be some financial input from them,
    some first thoughts i had was there going to include one of the below ground lathes for the wheels like the one recently installed in Queensland and would there be provision to provide for the other mining companies in the Pilbara region.
    In a recent comment by Dale E. he stated that Engenco was "too small to be a big company, and too big to be a small company" so it appears that another step is being taken towards become a "big company."
    Personally, I am very happy with the direction we are going and liked the 30% jump in share price yesterday.

 
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