SBM 1.52% 33.5¢ st barbara limited

lift, page-38

  1. 3,904 Posts.
    More seriously the question for those with a handful of these who are working out what to do with them is whether the higher cash costs and reduced production will flow into next quarter.

    According to the report some of the blame can be laid at the feet of the now closed Trump pit. Whether that is true or not I won't guess. Will the pit closure improve things moving forward?

    Also to blame are maintenance costs - whether these are one offs or not is also unclear. Mines will always have maintenance costs - fix one thing and something else will break - whether last 1/4 was unusual and next 1/4 will be better I also won't guess on.

    I think the best news is the allegation that the CEO was going "spare" - probably means that his head is not in the sand and things will get fixed.

 
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