Very true.
"But what to do? This is the hardest question to answer. Unfortunately a lot of mining companies are forced into accepting mediocrity from their employees these days. "
Having worked as a mining engineer/manager in the Kalgoorlie region during the nickel boom in the 1970's I saw exactly the same scenario in those days. Getting good qualifies staff with the knowledge required is difficult, although these days so many today spend more time on twitter than excelling at their job. Many top quality management leave and go into more lucrative fields especially during downturns. The dregs hang around, who wants to live in Kalgoorlie if they have an option to live elsewhere?
Boom times also drags in projects that wouldn't be viable in downturns, resurrecting dud projects is rife. OBM is a typical example, Davyhurst has been restructured, regurgitated, resurrected and rebranded many times although its been in administration for more time than its has been digging out marginal gold.
I truly doubt whether the company will be a success story.
OBM Price at posting:
12.0¢ Sentiment: Sell Disclosure: Not Held
(20min delay)