The report today by SMY that they have closed the open pit ahead of schedule because of a wall slippage is bad luck and something beyond their control.
With only about 40,000 stockpile of ore which is 2 - 3 weeks plant capacity it will be interesting to see how SMY will handle the situation once they run out of ore.
Did anyone else notice the big turnover of shares on the 2/1/06, the immed day after the slippage, some 400,000, then the next day 129,000 and then the announcement today and 700,000 plus have traded. Someone got the early mail.
We will need to wait to see how this will effect SMY profitabilty.
SMY
sally malay mining limited
The report today by SMY that they have closed the open pit ahead...
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