reggierabbit There are ways out of this...just depends on how...

reggierabbit
There are ways out of this...just depends on how committed the Management, Employees and Suppliers are to keeping this alive.

Their is a whole food chain that depends on this working out.

Their Biggest Cost is Cost of Production...so at a high level, if this could be reduced by 10% were talking AUD$2M/pm or $24M to the bottom line per annum.

The Resource Boom is over...so supplier and ALL Employee salary expectations need to be realigned with reality.

Start with Admin Cost at a Senior Management level...put out an ANN tomorrow saying that Senior Management are taking a pay cut and leading from the front. (before you all have a pulmonary aneurism...I don't expect they would...just suggesting if they were REALLY serious).

Second Norm can sharpen his pencil and look at his costings and provide a reduced supplier rate to WDR from Remote Contracting Services Pty Ltd.

Print out the P&L and go through line by line and be ruthless...what is a necessity and what is a luxury and re-negotiate with all suppliers.

Ramp up production while the hedging is in place.

Anyway...tomorrows open "RED" or "BLACK" place your bets.