SKE 0.00% $1.64 skilled group limited

roy hill could attract up to 1700 foreign work, page-7

  1. 1,983 Posts.
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    Unlike other mining service companies the SKE is business is scalable (both ways, up and down). Many mining services companies have huge capital requirement (think BLY) and large debts, they are very susceptible to any down turn (and geared to any upturn). SKE however is in the business of clipping tickets, to be good at that you take any costs out of the business, SKE will be debt free before Xmas, yes debt free so any cash-flow goes to shareholders (not just my idea, but MM's commitment) and new business can be rolled out quickly, any down turn means trimming more cost (read send the guys and girls from the office home). IMO after the incompetence and the grandiose plans of Hargraves this wonderful business is going to to spew out cash for the shareholders for many years to come.

    p.s. Mike enjoy your posts on WOW.
 
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Currently unlisted public company.

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