eddie...a query for you

I have been told your the man to ask.

I recently bought BNT after taking a look at 22.5, but have now sold out at 23.5-24.5

The trigger to sell was from reading their quarterly.

Perhaps you can shed some light.

Looking at their quarterly, I notice STAFF COSTS is significantly higher than their operational revenue.

Given the type of business they are in (basically contract mining with specialised equipment it would appear), I became worried that much of the staff costs would need to be replicated across all future contracts...that is, staff costs would be a significant hindrance to profitability.

What are you thoughts on this...are staff costs predominatly taken by 'non-repeated' director costs? Since no annual report as yet, this information is unavailable, or at least i dont have a document that contains enough info to answer this query.

Interested in your opinion on this as I would like to buy back into the company if the above is not an issue.

Cheers

Cdchi1