Downside?, page-391

ShareJagger you are one of the most sensible posters I have read on this thread. Clearly they aren’t tier 1 assets but they could be made to be very profitable by cutting out excess overheads.

My son left the mining industry due to female engineers having relationships with senior management, which resulted in them not having to do the difficult work or deal with difficult situations. No doubt this doesn’t happen everywhere, but it left a very bitter taste in his mouth. He was very well paid, but couldn’t stand the management and the going’s on.

I have in my career, found HR to be a major impediment in getting things done with there softly softly approach. Get them out of the way and have management communicate reasonably with staff, in what would be considered fair for both parties. If the staff wont play ball, have unreasonable expectations, then they need to get off the bus and find the next one.Its best for both parties and best for the workforce team at a site. Get rid of the negative Nellies, even if it causes short term pain.

I have no doubt these mines under great management, could be made to be very profitable and a great long term asset for WHC. It all depends on the purchase price.

Coal might be on the nose in Australia, however, in China and India they are still building coal fired power stations by the hundreds per year. Fortunately WHC coal is some of the best in the world with the energy output per tonne burned way above most other coal. If the world wants to burn coal we are much better off burning quality product, than burning the Indonesian product, which requires twice the tonnage for the same energy output. See the focus in the last presentation.

DYOR

GLTA