sinking fast now, page-4

You reckon their (the directors) are hoping for clemency Rob ? lol

Keeping the Bicarb pumping is probably more about getting another year or two out of this tugboat than anything else. imo.

Hard to believe I was offered a job at this same plant in 2009 and told what a great future it had.

I was in an Automotive Tier 1 Supplier at the time and looking to move on.

Time flies and the futures not looking so bright anymore but glad I didn't go with this one now that's for sure.

The last line from this article says it all really...

http://www.theaustralian.com.au/business/companies/jobs-lost-as-penrice-shuts-soda-ash-plant/story-fn91v9q3-1226557052301

Mr Roberts also highlighted the carbon tax yesterday, saying it had been "the icing on the cake", adding to the pressures Penrice was facing.

"We are facing a carbon tax of $8m in two years and five months' time so I can't get capital to run our company," he said.

"I have difficulty convincing anybody we'll have a viable business in two years and five months' time."