I think the market has given them enough credit ... no announcements, no serious investment banking buy-in ever .. hitting all time low in SP. Like many Mining service companies here in Perth they appear to be in trouble and can only play the acquisition game - but sooner or later that game ends. CAPEX spending for big projects is done and the change into operational support mode is not going quickly enough for them .. and they are in a crowded space.
CGH Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
