Ann: Downer Signs Fortescue Christmas Creek Contr, page-12

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  1. 17,783 Posts.
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    re: Ann: Downer Signs Fortescue Christmas Cre... regular ASX...chill

    At the investor day in early June, DOW stated its mining division had a contract pipeline of approx $7bil.

    Todays announcement and recent BMA announcement has confirmed $5bil

    I don't agree with their commentary, but I really don't care about their reasonings, but another big tender win or another provision for RR, will only fuel the doubters.

    This paragraph sums it up in their view.

    "Waratah Rail Contract remains the poison pill. We look for further clarity on the funding position of the Reliance Rail entity.There is obvious fundamental value at
    current prices, but we do not see a material re-rating until the outstanding rail issue is at least partially resolved."
 
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