I disagree. They won't/can't make money out of Telfer if the...

I disagree. They won't/can't make money out of Telfer if the tender price was too low... If they lose the Telfer contract, it will probably be a good thing for the MAH share price.

All contracts have out clauses for the miner....Anglo/IGO will be looking at the performance of MAH and be quite concerned. Their contract is essentially the thing that is propping MAH up. What happens if things get worse at Telfer..... The staff turnover rate at Telfer is massive and this sort of instability normally doesn't result in a profitable operation when margins are already so low or in this case non existant.

I have no interest in this stock but I have a good idea at what's happening at the coal face and this seems like a good deal considering the recent performance of MAH.