I can help you with the Schist supply in current assets. In order to expand the mine they had to take out this product and they now have "mountains of it" They have found a use for it so its stock but have to increase markets for it as fill.
I have personally lost faith in parts of management and as such look at this with a bit of skepticism. Now they are going to tell you they didn't lock in the A$ to US$ rate when it was under 70c. that's going to really go down like a lead balloon. every commentator said the long term US$ outlook was down and the A$ was up unless the was a run towards safety again. I hope that people ask the question of whether they now locked in these more favourable rates - I have a suspicion we have the double mistake.had then when the A$ was high - took a bath then didn't lock in when it was low.
No longer really on my radar unless things are going to change.
I have a very small holding just so that I make sure I watch it.
PSH Price at posting:
96.1¢ Sentiment: None Disclosure: Held
