Its funny you had a go at someone else recently about not reading things. I mentioned G&O and drilling rig shortages as a comparable example to Delays in the Mining industry because of the similar boom and hence shortage of man power including related industries such as labs, demolition contractors etc etc. I have mentioned where I get my info from talking to people in the know, attending mining expo’s & info sessions and reading news releases. 9 times out of 10 you have to read between lines and interpret it however you think.
WA mining exploration boom correlates to an increase requirement in equipement, trained and educated staff. If you look at news releases such as the one above they state that they are investing in equipment and employement…hence don't have enough. There are other releases actually discussing how certain mining areas are taking uneducated\trained people and training them because of staff shortages. Uni's are actually helping out with geo work and testing (Call WA uni and ask them someone like Professor Campbell McCuaig he is in charge of CET).
The resource industry is huge and WA is growing exponentially, but at the moment cannot keep up.
By the way this is called doing your own research and making your own decision.
What has Gary done of late, a massive exploration program to find DSO and increase Magnetite reserves that’s plenty for me, communication could be better but I am happy, SP will come around sooner but most probably later. Your going to say that is old news but in comparison to a lot of speccies this is massive. Others haven’t even started drilling. Speccies don't run as fast as you think they should so that is big for us.
I never made out that I am the only one that understands the mining\G&O industry, you asked me how I know about all of this so I told you, but I am happy you know there is a labour\equipment shortage and hence could produce delays...just wondering then why you keep asking me to explain it to you *8-).
It is true my son will be home from school soon he is 5 and he can read it to me...very proud of him he is a very smart boy... the other one is only 2 but she is getting there. They both have their own portfolios and both are part owners of PDY.
And your last comment is I don’t know what to say....my personal company is what I trade and run my investment properties through...it is not on the stock exchange.
Plonko I truly wish you all the best and hope it all works out for you.
Good Luck All
Bobby
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