SMR stanmore resources limited

Bit of rain around. 140 mm at Moranbah over the last 5 days (cf...

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    Bit of rain around. 140 mm at Moranbah over the last 5 days (cf about 600 mm at Proserpine....). Suspect that SMR will lose a bit of production cf budget as probably more rain than expected. Not a great way to start the year but while La Nina remains a risk that is a fact of life. But, of course, less production by the industry increase the gap between demand and supply which pushes the price up (hopefully greater than lost production....)

    Every cloud does have a silver lining.

    Best

    BSP
 
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