people were saying the same thing about pls when it lowered production because it wasn't getting the realistic prices for their product.
I mean what do we expect management to do, continue to try dump product onto the market at prices well below cost, chewing through cash and ending up like altura.
as frustrating as it is, this is the name of the resources game. companies need to be prudent and ready for when the prices turn. which they will at some stage. in terms of the sovereign risk well anyone investing in a company that mines in these locations should be well aware of the risk.
this is company is going to be more then a mining company very soon. if they get vidalia up and running and continually balls it up I'll be happy to swallow humble pie. but for now I'm trusting management and aus super aren't throwing good money away.
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