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Re: Techamental Logic post# 2231

Saturday, 03/29/2014 7:29:43 AM

Saturday, March 29, 2014 7:29:43 AM

Post# of 63744
There are other factors that they have to consider, how about the canopy for the material handling facilities? Don't you think that will make up the difference or exceed it. What about the massive upgrades at Twangiza. I admit if all things are finally brought up to date we should have a profit for 2014, but considering all the projects going on, the savings wont make it to the bottom line this time. But they also mentioned they were building a spare parts inventory of critical parts, that in itself sounds rather expensive. You have to realize they are mining in the most remote location on Earth, if something breaks it could take over a month to secure the replacement part. If you ask me they did not expect to take the mining asset impairment charge, and it was a last minute thing, that's why we see the data released only a day before Earnings numbers were to be released. They realized the whole report was off, and they are burning the midnight oil right now getting it ready for Monday.

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