Interesting., page-2

Also from LSE





BCL was shut as the losses were just gigantic and with smelter refurb looming it was a no brainer.

Thats why I think the Govt will take a big position here. With quite a large trained labour force hanging around on full pay they will want to do something soon. Maybe Govt will take 100% but MTR can only expect £4 to £6M for what is proved up so far. Maybe thats where Timelass will get his divi. but before Xmas ?????? !!!!!!!!!

With BCL now shut (timeing isnt chance ) they can start planning movement of concentrator and surface assets such as that wonderful surface railway but without those amazing steam engines ( sadly to expensive to maintain so they will use deisel or lectric. They have a brilliant Needhams hoist which is quite advanced and will cope with the incline from surface I am sure plus oodles of pipe and other steel work including some fans for surface installation on top of a vent shaft and dozens of winches and U/g haulage fans ........ braithwaites, 913s and conveyors and surface bins.

Setting up will be relatively cheap if they get the right people onto it. Of course I am not available until I have made my fortune on AIM.

The Govt probably wonnt find it any more costly than they are presently suffering.

Looking at it this way it is more a solution to a problem and is an incentave to going against the flow of an ebb tide which is without doubt what present conditions in the metal markets are now.