SDL 0.00% 0.6¢ sundance resources limited

Three reasons, page-36

  1. 14 Posts.
    Hi Westcott,

    They way I see it the traffic lights are red and we need to put the brakes on now. I believe financing cannot (will not) get sorted for 2 years because the current IO price and forecast demand. I suspect that any loan agreements may been suspended with a caveat to revisit at a more favourable time. If that is the case I want the company to reduce staff costs and go on night watch mode now, and wait for the green light i.e. when more favourable IO market conditions prevail and demand outweighs supply.

    This may be too simplistic and not considering the hard work the board are currently doing, but for the next 2 years I believe salaries will consume the coffers in a period when all the hard work in the world cannot achieve anything, therefore a more scalable staffing model is required to adapt to forecast revenue - the job of the CFO.

    Thanks,

    Andy
    Last edited by andybibs: 19/11/14
 
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