Ann: 2023 AGM Presentation, page-18

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CashedUpBogun

8,170 Posts.

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27/11/23

16:46

Post #: 71130007
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Originally posted by tomboy: ↑

This option is worthless if -

- not exercised

- no production started so no such staff needed

- no expectation of restart by Oct 2024 either

- 150 rooms for say 200 staff

yet they are DIDO workers 90% that are needed and many already live in Kalg area so why do we need that many rooms unless they are planning on more expensive FIFO workers driven to Kalg then hosted there then DIDO from there so no locals

This would blow out costs more.

Way cheaper to offer locals to match the gold miner rate and then DIDO from kalg of 200 staff with accom at their cost, many kalg workers work at further mines well away from the BS distance and 70% in the local super pit/gold mines which are way more deeper more dangerous and hotter.

Given the option, I think many Kalg workers would rather work on clean nickel surface in the open pit DIDO than in an UG hot deep gold mine.

Something management is stuck on here & a well known issue for the last 3 years hence the moving of the LJ camp dongas to BS & breach of council permits.

Once again an excuse to stall restart. Option is just another plan unfulfilled.

Nothing new actually.

Expand

you're expecting a future POS to poach staff from the likes of NST with a 5min drive from home, compared to an HOUR each way to Black Swan?

if you lived in Mandurah and had the choice of working near home or the CBD west would you choose?

a job description on LinkedIn highlights the following extras they through in:

subsidised health insurance
gold price bonus, STI bonus, share plan program
salary continuance insurance
salary sacrifice
some of incentive program on every day expenses

- also hearing NST are putting in camps near the airport to accomodate future expansion workers, so FIFO in kal is a reality like it or not.

POS Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
6 Upvote

2 Great analysis

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