Ann: Plant Optimisation Strategy Update, page-28

Brand new equipment used by a ham fisted monkey, will be second hand in no time. Take for example the stuck in the mud bulldozer for the quality of the staff. Equipment is one side of the ledger, the mining manager and operators are the other.

This mine needs leadership. Problem is we cant afford it, so its a vicious circle or chicken and egg scenario.

NIU spend too long without a detailed plan and methodical professional, optimization program. Instead we have burnt hundred of thousands in cash and million on opportunity lost on band aids. Hopefully current mgmt now know that you need a refurbish plan, and not just breakdown maintenance.