What a joke!, page-5

Once a share price drops 65% in one day with fund manager and insto sell offs its a long way back. You just have to bunker down as a company and deliver on guidance numbers time after time for about 3 years unfortunately. I learnt this some time ago in my corporate career - the fundies will just penalise you for a few years until you can demonstrate belief again.

Interestingly with no or little debt - a good recovery underway and a solid full year result (sans the recent disaster of 13 October 2014) one has to wonder why they did not produce any acquisitions during 2013/14 - given the mining services sector has been in distress and some reasonable bargains could have been picked up along the way.

Some winners exited pre 13th October but there were a few fundies who waded in between the $0.80 to $1.00 not long before the before the crash - they will not be impressed.

I think the review announced 16 October is a good thing - get some hard contracting heads into the business (ex Leightons) to assist in setting the path forward for what is now a "recovery exercise" instead of the "transition to further growth exercise" we were all banking on this time last month.

Staying optimistic - and now the mettle of the board will be tested to see if they can pull a genie out of the hat to set the strategy and plan to get this recovery underway and also select the right calibre CEO/MD to steer the recovery.