what is the medium term target, page-50

one thing that worries me is that most mines or companies that are growing fast have hired fleets of machines now in the current environment they are cutting back

Ie: a mine may have 3 pits they may cut back to 2 pits and there fore causes a reduction in machinery the first to go are the hire machines ,

I have been in the industry for a while and have a bit of an understanding , i just worry that some of these old machine 12 months ago where bought at very high values , now that value will have to be written down

I am just watching from the side lines at the moment
this is a very good thread to read

regards aussieman