now only a holding company ?, page-11

ratzen

yes - regrettable that more jobs are lost - but this is industry wide, check the number of operations closed down or on c & m

also shows you how much the gold boom has raised unrealistic expectations in terms of labour costs etc

no company can afford to have C1 cost 500 AUD above realised sales price

Focus is shifting strongly to South America and African nations - check who VanEck have dropped and included in GDXJ

What worries me is the the cultural change of the board is too slow and CB most likely only the tip of the iceberg (I send FML an email telling them exactly how I feel re current state of affairs and the board)

I can only think of 1 other company having burnt SH that badly:

GXY - same mental approach of land-grab and wanting to be too big for their boots with no back-up plan

"Aggressively burning SH money into a falling Gold Price"

The board better consider their options very carefully to get this mess sorted.