on the contrary, if they were "mates" as so called, many here would put it, then wouldnt Maritz enjoy the ride as well?
on the positive 1)penimble is within budget 2)debt facility confirmed to be drawn 3)appears some cost containment activities are being applied
who wouldnt have expected penimbla to be off schedule? the mere fact it is only estimated out by 3 weeks this time might even be unexpectedly good effort; averaging 20-25m decline a week. with another 60m as of 25/10/12 - ie about 2 weeks from now, the declines will have reached coal face. give them one week for celebrations one week for preparations one week for machine trial operations
we will hear first coal out by 1st week of December in my view (may even be optimistic)
have low expectation out of this crowd. they say a lot and deliver little.
JB - turn this sh** around mate, it's not pretty is it?
CCC Price at posting:
5.5¢ Sentiment: None Disclosure: Held
