SBM 2.33% 21.0¢ st barbara limited

Ann: December 2013 Quarterly Report briefing and , page-3

  1. 677 Posts.
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    re: Ann: December 2013 Quarterly Report brief... Hard to get excited about the Dec quarterly.

    Quite depressing to see that costs haven't been reigned in by management. If it wasn't for the consistent Gwalia operation they wouldn't survive.

    There needs to be some severe management pruning, but no signs of it happening in the near term. There appears to be no accountability for mistakes.

    I am sitting on the sidelines and looking to take a position when I can see a turnaround, but this isn't happening.
 
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