Construction is just one aspect of this company, they also conduct service and maintenance operations, last time I checked there were still an awful lot of machines digging dirt in the northwest. Right now market is spooked, this is a new listed company so everyone is not sure where it is going, plenty people would have been spooked and sold out. Take their loss and move on. If you can't handle the ups and downs of mining better go buy some Telstra and bank shares. I am happy to hold for the long haul, they have a plan and it will take time to develop. Nothing happens over night. Service and maintenance work generally run at higher margins so ramp this upand loose some construction staff, no big deal. Cash will come and when it does the sp will turn. Plus miners may be ramping down to help the election in the next few months, what will happen if Abbott wins and the mining tax is scrapped?
AZG Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held