Our view on NRW Holdings & Monadelphous Group (MND)
Taking a look at the Mining Services sector i.e. MND & NWH which I hold. This sector has not performed to expectation due to primarily labor shortages and also an absence of new exploration, particularly in the Coal Industry. As these stocks are heavily leveraged to the mining industry do you still see a recovery and when? These stocks could fall a lot further and it may be time to cut our losses as the recovery will happen but could be years away.
I would appreciate your thoughts.
Richard