Hi, I posted that last week, got no replies so didn't worry about going.
Do play golf with sales boys though.. Have asked some of those questions before, and will ask the rest next catch up..
Sales guy doesnt own PSH stock, has other mining shares though.
Pretty stagnant in what they can transport out of the mine now, train runs once daily 7 days a week, cant get another train, and trucks are getting filled every couple of minutes already so no room to really increase output. The have most of the major contracts going here in SA anyway with road base etc, just cant truck it out fast enough.
They have spent 1 mill plus with dust control mainly, truck wash road washers etc etc, moved the weighbridge and office etc. Staff have new cars, on lease of course.
Always turning over staff, its in the game I think, geologists seem to come and go, dont think they get paid too well. They mainly tell the explosive guys where to drill and set the charges.
The general shite is the social fund cant sell their red anymore as they have started to use the 100 yo vines as an overburden dumping ground, seems what most of them are more pissed off about. They have a new mine manager, dont know him.
Will find out more later.
Cheers,
TCG
PSH Price at posting:
75.1¢ Sentiment: None Disclosure: Not Held
