re: Ann: December 2013 Quarterly Report brief... RSD
Thanks for confirming my view on the admin spend. It was pretty obvious to me when compared with what I recall seeing in reports of companies with multiple mines (eg EVR, RSG - have not looked at EVN but I am sure they would be much lower as they are not fools).
It is worth while to listen to the latest conference call. A bit of reality is beginning to creep into Lehany's mind about what may need to be done to stop the bleeding. The link to accessing the conference call is on the press release
http://www.asx.com.au/asxpdf/20140123/pdf/42m860x9znmlc0.pdf
Gold Ridge could be closed ahead of Simberi, and they are even thinking the unthinkable of cutting corporate costs!
loki
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