The care and maintenance costs are the big ambiguity. How much is the inventory really worth? If Nifty is on care and maintenance, how much is the equiptment being retained really worth? Not all workers will be on contract. Some executives have six month redundancy packages. Superannuation will need to be paid out. In this post below, you have made it sound pretty simple and inexpensive:
"I think you’re overstating the cost of redundancies- many are on contract and as mgmt have disclosed the retention rate there is low. $10k each on avg for 400 workers? $4m. Writing down inventory is non cash - they liquidate inventory - sell the stockpiles, sell the stores and spares. Cost of bugger all on a net basis. Rehab liabilities stay there on a C&M scenario, no cost. So I think $10m max to put it on C&M - crippling? Don’t think so.... let’s just hope commonsense prevails and C&M is chosen"
Let's just say you are calling it Coke and I'm calling it Pepsi.
MLX Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held
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