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I jumped in too soon this morning. This afternoon I got 3 x 50k, 12.998,12.99 & 12.8 got the wife’s ISA, still too quick but I think I will be smiling by the end of the month. Incidentally all 5 trades have been reported as sells, pathetic.
Agree Alpha, I was hoping that workers were being ‘housed’ on site.
Changing rooms and locker rooms are the only real risk to non-office / lab based staff. Running the plant without lab support would be very difficult but digging it out and stock pilling no probs.
Ophidian
Some sections of the company are still operating... I don't know which sections but definitely not a total shut down
Snott - the guys who drive the diggers are in their cabs, they are employees of BMN. The guys who drive the dumpers sit in their cabs and are subcontractors. Anyone who has ever worked in an opencast mine will probably confirm that you don't have people wandering around the mine site chatting about what was on telly last night.
The processing side of things is, like all chemical processing plants, made up of big machines that run pretty much all the time, except for when something breaks and then needs to be fixed. Where more people are employed is in quality control and testing, plus a number driving forklifts of finished product around. For these people the place they will catch anything is most likely from their home communities.
If it was up to me I would get them all housed on-site and away from potential infection, have their temps monitored each day and then isolated further, on-site, until any infection clears. However I'm not in control and Fortune is clearly on top of the situation there so whatever he decides is for the best.
Given the highly mechanised nature of Bushveld's mining, I would have imagined that operations could commence early if proper precautions are in place. 'Maintenance' sounds riskier to me than driving excavators and dumpers. Can someone who has visited Bushy give an opinion based on their observation of ops?
We already know there's a stockpile of more than 10% of our annual production finished and ready, outside of what is in-line. Assuming we haven't sold it already of course.
Indeed there's nothing to say that you need to have the mine running to be able to load stuff from the stockpile into a shipping container for export.
Are there some people out there so dim as to think that when the mine stops the sales stop. Have these people ever visited an industrial or chemical processing plant. This is not just-in-time manufacturing there's stockpile capacity built in throughout the production line - there has to be or the whole thing won't work.
Startup again Sanchez .. well I for one would be happy about that providing all the staff can be kept safe. Don't know about anyone else, but a few weeks lockdown vs a lot of lives is a no brainer for me
Apart from the fact there is a critical meeting about which mining cos can resume production, and we may be deemed materially important to Eskom and infrastructure there is almost nothing materially different. Just a tiny (enormous) detail.
I wonder how much we have actually shut down.
Market is a lot more red today .. 2 clear blue days and the general movement goes with it. Personally I don't read much into the rise other than that as we have no evidence anything substantive (like for example Eskom) has changed.
If we get a day or two of big market falls, then we will likely end up back at 8 or 9 again ..... just rinse & repeat until this bug is over IMO
Yes in my case,100k at 13.85, 45k at 13.67 both showing as sells.
that is what I would guess
is the move up due to people loading up their ISA'S
Reluctant to move this upwards today!!
fly my pretty, fly!!