We all need luck in the market, one way or another.
But FGE has been threw the grinder and yet ANZ, Samsung, and Roy Hill are sticking by them. That to me shows confident from the project.
In this tough economy, for FGE to retain this contract its an excellent outcome.
They have a life line, they perform well things will turn around, and this will set the tune moving forward.
At least we got work, i would hate to be holding a stock in a company that is chasing work in this market.
each to their own, i think FGE will make it threw, they have 2 years or more worth of work, that's also two years to go out and secure more contracts, like the recent 40mil.
I have worked in the contracting industry, and have personally won contracts before. a lot goes on Behind The Scenes, they care about moving forward, not looking back.
If FGE was identified by its peers to be troubled they would have been kicked of this project back in November.
FGE Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held