Hi Mike - hope is not normally a strategy but like you I am long...

Hi Mike - hope is not normally a strategy but like you I am long SDM.
Its the management that I rate most of all. I know some are ex Thiess etc (nad LEI is major shareholder) but Jukes, Munro and Richards are a pretty savvy group.
SDM would have just finished the job in MOZ for Rio Tinto so would expect earnings to hit this half. Also like the operator model - provides some recurring revenue if the big contracts go a bit slow.
Would really like to see more wins in the metal market though - they are just a touch "coal" heavy