Sure there is debt but the industry has turned, so many of the...

Sure there is debt but the industry has turned, so many of the service sector companies have had a turn around in the last 12 months with better $$$ on the horizon. The industry has picked up as a whole and announcements of large contracts are coming back. The Mining companies need to give back to the service sector.

For example Civmec - HQ is Perth and they've won over $90M worth of contracts in M&M and O&G last year.

GR Engineering http://www.gres.com.au/contact-us/default.aspx - won lots of gold contracts over the last 12 months

Mondelphous https://www.monadelphous.com.au/contact/ - huge coal contracts

NRW Holdings https://nrw.com.au/contact/ - lots of metals

RCR Tomlinson https://www.rcrtom.com.au/ - and lots of iron ore

Debt isnt great but the market may just pull this one back from the brink.