new perspective

Not many listed companies can boast AZG'S recent results which include

Summary
Allmine Delivers Fifth Consecutive Year of Revenue and Earnings Growth
• Net profit after tax increased by 415% to $13.9 million
• Sales revenue up 380% to $139.2 million
• Earnings per share improved 99% to a record 5.1 cents
• Industry leading safety performance – zero LTIs on increased activity
• New contracts and contract extensions awarded totalling $251 million
• Strengthened market position across engineering, construction and maintenance services
• Healthy financial position – gearing at 17%
• Order book and opportunity pipeline support future business expansion
• Positioned for growth – structure, systems and ‘life of mine’ service proposition


Plenty of GOLD Mines around so they can chase them for business
Also see they are securing some decent contracts in iNDONESIA ETC...WHICH IS WHERE THE GROWTH is coming from currently.
Order book filling up nicely so not sure what some are going on about


The EPS is what interests me and currently an EPS of 5.1c by multiple of say 10 (industry peers) would suggest a share price of 50c Take a look at the recent valuation of 60c - crazy times indeed with strong management running the ship

Patience needed for move back up but current prices are short of ridiculous -

I took a position yesterday so looking forward to next quarter result !! should be good
MMM