I guess that is the major concern. The order book is sparse...
Does anyone know any upcomming future Rail, Road or New Mine projects? Any new Ports? Commodity prices are low in so many metals as well as oil and gas, and there are still over a dozen major Mining Services businesses. Each one will fight tooth and nail to win projects, and the tender process will likely get ugly. Margins will likely get cut, and some will go out of business.
NRW has a decent balance sheet comparatively, however they may find it harder to make the jump to non-mining infrastructure projects for State Governments or Federal Projects etc.
My concerns are around where the new projects will come from, given the likes of Atlas and Fortescue struggling etc.
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