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clock Created with Sketch. 11/06/25
12:13
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Originally posted by hightrax:
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This move at this time strikes me as a good defence play. Spent some time researching contract mining and found it is a good move for new miners who are not heavily capitalised. They do not have to find money to buy all the expensive capital equipment for a start. On the flip side the contract miner will usually require a take-or-pay contract. They too have borrowings required to fund heavy equipment. Contracting BUMA was the right move then, with highish coal prices and a new business.
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Management have learned recruited and can have have key employees that can manage the operations.
(20min delay)