I think the Schist really bothers all of us and it doesnt only refer to the landfill and remediation.
On the balance of the results I think they are still bumbling along the bottom rather than moving up. I intend going to meet with them and ask the hard questions. This again is one of those bad things like smoking. We need smokers beacuse they provide cash to do good deeds but we wont be photographed with them. This is a dirty industry yet importing the product and closing this plant wont improve the world but will certainly cause Oz to pay for these base products in foreign currency and we will reduce our exports.
I think its fairly valued and yet the big question is turning around the cash flow because no more funding options remain.
I have just had a personal experience with an imported glass shower that shattered for no reason and as such will no longer purchase these imports. We do suffer from cheaper imports which are inferior at times.
So I am thinking I will , if I am satisfied with the maintenance process, re enter at these levels. My fear is a drop in business activity and the cash flow in the short term and maintenance in the long term.
Only a very small holding at present.
PSH Price at posting:
38.5¢ Sentiment: None Disclosure: Held
