Sure, but the problem is that they look relatively fully maxed out in terms of asset utilisation, so if they want to take on meaningfully more work, they'll need to spend up to buy more gear.
That's exactly what happened during the last cycle upswing.
As for "backing them.." well, speaking even as a shareholder, I'm not sure I can see any reason to back them given their demonstrated track record at miscalculating some very fundamental things about their business.
Sure, but the problem is that they look relatively fully maxed...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.80M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $18.98K | 135.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 173364 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 278210 | 4 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| BOL (ASX) Chart |
