STA 0.00% 9.5¢ strandline resources limited

Ann: Seventh Shipment of HMC Completed at Coburn Project, page-29

  1. PDT
    26 Posts.
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    The company is definetly under performing from what my expectations were but the main issue from this and other statements is the mining contractor. (of which their website doesn't work)

    There is always a comment about the dozer availability, such as when 2 out of the 3 units are working, they meet "near nameplate levels."

    This time it's, "Production rates continued to be constrained during the month, due primarily to low availability of the Dozer Mining Units and mining plant and equipment. These availability issues are being managed with the respective contracting partners with plans in place to resolve."

    Lots of WA mines have experienced worker and parts shortages over the last couple of years but most mines are getting on top of it which hopefully is the case with STA now. Fingers crossed they don't have 2nd court case with a contractor!!

 
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