OMH 4.44% 47.0¢ om holdings limited

Ann: OM Sarawak Production Update, page-10

  1. 497 Posts.
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    Well that a great look! Adrian mentioned the project wasn't to be handed over until parameters were met so a supplier issue.Now labour pointed to get 14 smelters running while the suppliers sort their shit out.Could go legal contract messy! Original feasibility had a 3 year payback so on that account OMH Sarawak has not delivered.I hate it when they say it will be resolved in the next 12 months. The value will now take more time to come even though hugely undervalued now. This lack of delivery is what is holding it back as they don't seem to have the right people to sort shit out and this decision has now made 2 more smelters redundant in the near term.
 
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