What do you think management are trying to communicate here:
"To put this season’s weather into perspective, in the 107-year period since 1910, there have been 22 cyclones that have caused gale force winds in Broome. This equates to about one every five years, and in the 14 year period from 1990 to 2004 there were none. This compares to the two cyclones to date during the current wet season."
1. Management view these cyclones as anomalies and don't intend to mitigate this risk through a pipeline to a sealed road.
2. Management view these cyclones as a change in climate conditions (i.e. global warming) and they are aware of the need to mitigate this risk going forward.
3. Something else?
It's an interesting history lesson but I don't quite get it....I haven't gone back through all the operations updates but I'm sure Ungani has been shut down numerous times in the past due to problems with the access road during the wet season.
Looking forward to quarterly update.
BRU Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
