Bullish Sign? - Bounced off 200 EMA, page-2574

LOOKING OVER THE FENCE :

From  The West Australian  story featuring comment from Mineral Resources, Northern Star and Monadelphous .
Seems Monadelphous MD, Rob Velletri is also looking over the fence at us ??
Cheers

https://thewest.com.au/business/mining/the-wa-mine-bosses-all-set-to-dig-deep-in-2019-ng-b881062540z
“The WA mine bosses all set to dig deep in 2019
Stuart McKinnon and Peter WilliamsThe West Australian
Wednesday, 2 January 2019 9:06AM
........
..........
...........
......“Rob Velletri — Monadelphous Group

Monadelphous managing director Rob Velletri.
Rob Velletri is looking for some big contract wins this year.

The long-time Monadelphous Group managing director has three massive Pilbara iron ore projects in his sights — a mouth-watering prospect not seen since the heady days of the mining construction boom.

BHP’s South Flank, Rio Tinto’s Koodaideri and Fortescue Metals Group’s Eliwana have a combined budget of about $US6.8 billion ($9.6 billion).

“Compared to recent years in terms of new projects, this is a significant step up,” Mr Velletri told shareholders in November.

Nothing is a given of course. Plenty of players are vying for the key construction contracts on these projects.

But Monadelphous is a leading contender and Mr Velletri believes the $1.3 billion engineering company is well placed to secure work.

The contractor has in recent years earned a lot of its revenue outside mining. The big-ticket jobs have come from LNG projects — Inpex’s Ichthys development alone contributed more than $1 billion to Monadelphous’ coffers.

Mr Velletri has also expanded the company into the renewable energy space through joint venture Zenviron building wind farms.

Any iron ore revenue may not start flowing this financial year. Monadelphous has forecast a 10 per cent fall in first-half revenue from $874 million a year earlier...”