Yeap, som egood points all.I hope we return to our 4c levels soon but then I guess the lower it stays here the more chance of buying back in at the lower end. Good to hear that Andrew had departed forge before all the debacle and we're not carrying it into RDG.
On a plus note my follow up email got a response.... FYI I thought I would share with all, obviously nothing concrete, I"ve redacted names obviously and personal items. May draft a response this week , anything appropriate anyone may want to ask?
Repsonse:
" Hi xxxx
Thanks so much for your email. Apologies for not responding sooner. The contents of your email have been shared with management.
As you can see from the commentary in our Annual Report, times are tough in the mining services space.
We have been able to keep ticking over however tendering activity has been ultra competitive and nowhere near as significant as it has been in the past. New projects have been hard to come by hence the focus on earnings accretive M&A opportunities. The Company is in good shape with significant cash at bank.
We continue to bid on projects that are material to the Company and we will obviously update the market if we awarded any projects of size. Naturally we can't provide guidance given the fluid nature of this industry.
Please feel free to contact me should you have any further queries.
