I would like to see how there going to get 30 more years out of the Angaston (Penrice) mine.
The bottom of the mine has hit water table, the sides are full of overburden ( what you guys call schist, is what us locals call dust.) They will need to sell or move it. There is no where to move the overburden to, due to residential sprawl.
They have already sold off their surrounding vineyard, that had 100 y.o + vines and was a decent fundraiser in itself for the PSH social club, this now has overburden on it.
Could reduce the corporate spending and boxes at AAMI with free booze etc, but this wont help them sell their "schist".
Regards,
TCG
PSH Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held