Have been watching these guys since the Walters days and their resurrection as WDS. Just read the recent half year result posted by WDS. Quite a few discrepancies compared to news from the various sites, especially Eagle Downs where WDS have apparently been pinged with lost time injuries (report claims none over whole mining division) and numerous worrying events such as HPIs reported to the mining inspectors. Can't see Eagle Downs letting this contract continue at 30% of the promised drivage rate, then again can't see WDS sticking it out if their cash flow is also at 30% of their project plan while overheads are at 100%. How long will GE keep pouring money into this one?
Any body have other news on WDS from the energy sector? They appear to be a bargain but I'm trying to find an upside?
1/2 Year results
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