Bullish Sign? - Bounced off 200 EMA, page-2452

Good morning Nightmarez - thanks for your opinions .

Yes I think there is brinkmanship going on and agree it’s sinister.
Presumably Cimic (Spanish) and anything Chinese-backed will survive, as you say, because they are the ones with deep enough pockets..
Acciona - also Spanish and into renewables and rail - https://www.acciona.com/pressroom/n...thens-presence-australia-geotech-acquisition/
It got some bad publicity ( in the UK at least ) after being asked to tender for Sydney Airport project . https://www.dailymail.co.uk/news/ar...truction-delay-asked-bid-airport-project.html

...These entities are big and ruthless and don’t stop at bribery as the current Cimic court proceedings show.
There are also some big private South Aftrican companies who have previously walked the acquisition trail...WBHO -http://www.wbho.com.au/projects/ who may be hunting? (And at least one other?)
And French and Btitish groups (earlier posts) as well as Italian, Salini, (who NRW is currently working with ) all saying they are looking to acquire.

But it is not so strategic to pick up flat-lining businesses in a chaotic and distressed foreign market with shortfalls in the labour force and aggravated unions without clear understanding of the politics, the people and more


...and yes pick the best fighter ..
Absolutely !
NRW Holdings has proved its mettle at least a couple of times over.

My sense of management here is it is a highly experienced, cohesive and loyal team with plenty of foresight, intelligent ambition and patience.
...just the opinion of a single ‘noisy’ poster?
(But one who has the pleasure of believing there are a mostly silent majority on these threads - far more intelligent in their analysis - both technical and fundamental and with far more experience of the sector, the stock market and the company who support NRW as well........ as deep value investors and traders, and with holdings large and small,
They might have wandered off of course ...being mostly silent and all {and doing so - to whatever degree - has clearly proved to be an excellent financial strategy given recent market activity} ...but why leave ‘the best ‘ for any length of time ?)

Sadly I don’t know Maca so well .... Your opinions give me confidence there along with those of some other posters although I wish I held fewer.
Management do seem to be ‘rational’.
The weight of substantial holders there is something I have not experienced previously.

RCR ?.... a director who is an ex Theiss CFO spent close to $50 grand there under a dollar . She’s my only hope .
There were rumours Downer wanted it but Downer seems to be doing it hard right now.

Cheers