No need shaws obviously have no idea.
These guys have been kicking the can down the road for years, it is over valued as a business.
They have not drilled and planned a profitable execution of any thing. They think because they have a coal mine they should mine coal. Not how it works I am not sure how they can really get out of this, cost per tonne is high, no inclusion of royalties in those costs and a back log of financial problems mounting up. The QLD royalty scheme is the biggest problem with over $300 per tonne sold 40%, how can a mine with $200 per tonne costs make any real head way with such damaging costs at the winning end aswell.
They need a couple of real good quarters to make a pile of cash and when that happens governments gonna take it,
No good at all.
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