Scrap Metal, page-7

Bugger all/minimal shorting (see link bellow). It's definitely frustrating being a shareholder of MAH looking at the share price. The recent broad based sell off in mining services has also made MAH relatively less undervalued whereas previously it looked crazy undervalued compared to drillers and contractors. If we're at an hour to midnight on the commodity cycle clock than probably price decline has not finished. Personally though I think commodity prices will stay relatively high and while that's not good for a few of the MAH's higher cost gold mine sites (Telfer and King of the Hills), I don't think other clients at risk of shutting, but that giant order book figure may come down. If so, it begs the question around whether company should stick with aggressive growth strategy or give greater priority to shareholder returns in the form of lifting payout ratio. I expect this will be something management will get questioned about at AGM later this year.

https://www.shortman.com.au/stock?q=MAH