roy hill 'amounts to suicide', page-40

Dlg I think your head is buried in the sand. Yes those sites have allready had contracts sorted out (except for Roy hill) I am talking about NEW cap ex.

http://www.asx.com.au/education/investor-update-newsletter/201401-lincolns-10-best-stocks-for-2014.htm


Conversely, we feel a number of sectors will face substantial headwinds over the next 12 months. With declining mining capital expenditure likely to lead to further earnings downgrades, we are cautious on the outlook for mining-services stocks. Similarly, there is continued uncertainty over some major energy projects and we believe the sector could be further affected by the decline in the oil price.

Nearly all experts are saying the same thing.