Ann: Mining Restructure, Results Update and Strategic Review, page-14

Great news given the circumstances.
The new director bringing a more robust mining outlook towards operations.

Good to hear also that MBR is being restructured and talk of running out contracts there as well.
Shows a hard line is being taken with mining for little or No profit.
Next will be their own mining fleet to cut out the contractors 20% margin.
I now await consolidation of the two businesses in the reinforcing,which will allow for some rationalisation of stock yards,shipping and staff use.

Finally they are doing what I would expect them to be doing in the current environment.

Adding to that is detail of the potential grades of new close to infrastructure targets,which in themselves would alter ARI mining costs considerably.

DYOR+DYODD Got a good lot at 15.5c.So happy as a pig in mud with the bargain.