RE:RE:RE:RE:Cash smash
"32.6 million of it is for maintenace expense for Didipio, and it may in fact be 0, or at least a lot less."
I believe current cost for didpio was only 1 mil $ a quarter. The big cost there was I think foreign consultants, who have left some time ago. With layoffs that should drop to a very low number. Seems some poker is being played. The wording by the mines statement is very strange. They also broke the deal that allowed continued operation while waiting for ftaa. Not exactly a stable environment to operate in. So who is pulling all the strings ?
words like these : “Our alliance demands that OGPI immediately implement the Final Mine Rehabilitation and Decommissioning Plan (FMRDP) and that the DENR and the LGUs are tapped to enforce and monitor its implementation,” it added.