Gorner; "Have you been involved in the construction / contracting industry?"
I have, on the tools, not in the office. Extremely wide margins are inherent when contractors are bidding for billion dollar, long term contracts. In order to succeed, the contractor must account for ever conceivable eventuation. However, written into such contracts are allowances for additional expenses for unforeseen events, such as on-going engineering improvements or alterations throughout the construction phase.
"And if their recent track record is anything to go by then they will be fighting an uphill battle from the start"
I'd agree with you if Forge were absorbing another company, they seem to have fudged that one. But they're not, are they, so your comment is completely invalid.
FGE are back to doing what they do best, the facilitation of engineering and construction services to the mining sector. In this field, they have a proven track record. You think Gina would have second best for the jewel in her crown?
FGE Price at posting:
94.5¢ Sentiment: LT Buy Disclosure: Held