NWH 0.13% $3.91 nrw holdings limited

Bullish Sign? - Bounced off 200 EMA, page-2232

  1. 5,305 Posts.
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    Hello Parma . I thought you might have gone away already !
    It’s nice to see you .
    Yes All the trust and enthusiasm and support has paid off with NRW supporting its shareholders so throughly.
    ..and I do feel there will be more contracts .

    Possibly including potential here ?
    https://thewest.com.au/news/kalgoorlie-miner/160m-to-seal-outback-way-ng-b88809961z
    http://investment.infrastructure.gov.au/infrastructure_investment/outback_way.aspx
    (- I haven’t come across any awarded contracts yet.)

    Meanwhile beyond political instability there are other issues that can cause ‘black swans ‘... like weather!
    NB in Maca’s report today they blamed bad weather as a genuine inhibitor .
    “The 2018 financial year was a challenging one in many respects, with significant one off items having a substantial impact on first half results. Further, and as flagged in February, the second half results were impacted by wet weather across all mining sites. Whilst wet weather is always encountered in the second half of the financial year, it is unusual to have impact across all Western Australia mining sites at the same time. Against that background the Group's core mining services business has continued to perform solidly. The other parts of our business are maturing and beginning to generate improved financial performance in line with our corporate group strategy.”
    https://wcsecure.weblink.com.au/pdf/MLD/02014113.pdf

    Which was interesting because, as I remember, weather also one of the things which impacted on NRW’s gold project at Dalgaranga for Gascoyne Resources .
    Cheers
 
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