Article in this weeks local paper about the mine, and the fact the staff cuts are already starting at Penrice.
Also going to re jorc the Penrice mine as they think its still a valuable asset.
And I'll type this bit from David Trebeck word for word about the coming strategic review:
" The twin objectives of this review are to reduce debt and to improve operating performance. In addressing deleveraging, the board will consider a number of options including asset sales and equity raising in order to achieve more normal credit metrics for the company."
It look like they may be offloading Penrice?
Regards,
TCG
PSH Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
