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Monadelphous Group (MND) $11.40

Mining services stock MND has bounced 22% from its mid-June low, a move we flagged close to the low but felt unable to exploit due to our large weighting towards the sector. The company continues to land new construction and maintenance contracts and although skilled staff are becoming harder and more expensive to secure the net result is positive for the business. We expect at least another 10% upside in the short-term.

MND
MM is a bullish MND initially targeting ~$13
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Monadelphous Group (MND)
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