This is a disappointing report:
-mining at half rate
-trucking to the port at half rate ( half the 17 truck fleet parked)
-coal at port is 70% cheaper thermal coal ( as mining progressed, it was expected that the coking coal mix would improve to 70/30)
-expenses/outgoings as normal with the Moscow mob flat chat no doubt, IMO. ( wait for the financials)
And what a ridiculous comment: "no downtime by management"! This is an abysmal quarter.
No doubt they were very busy with a month's production and carting for the quarter and now the prospect of a month off with "break-up"
And the frozen photos, IMO, are a Clayton's down-ramp.....not what you'd call prosperous promotional shots to attract new investors.
There should be a weather contingency plan of a mine shutdown to conserve cash, IMO. The quarter's 66K ton delivered to the port is merely a month's work in Summer and a second shift in good weather would catch-up, IMO.
I have been exiting over the past while in anticipation of this.
Bye folks ....I did my best on these threads to highlight the company's prospects but unfortunately the Board seemed to be mute.
Will the CEO show up at the AGM or will he do a cheap Moscow skype?
MM
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TIG
tigers realm coal limited
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This is a disappointing report:-mining at half rate-trucking to...
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