Post by
petersburggray on Jan 15, 2013 4:44am
Troy MSHA violations
In my opinion, management is not being entirely truthful about the cause fo the Troy mine shutdown. In November and December, just prior to management's voluntary closure of Troy for "underground geotechnical conditions" the MSHA issued a bunch of safety citations for Troy, inclucing multiple violations for unsafe underground scaling and support. In my opinion, Troy may be the next Lucky Friday - very costly and time consuming repairs if regulators force RVM to shotcrete and rebrace large sections of the mine. Montana is a red state so if RVM management are strong GOP supporters/ financial contributors, this could potentially explain why a democrat controlled executive agentcy was so aggressive right after the election in finding so much fault with Troys operation, particularly when on considers the mine operated safely for years and that past regulatory inspections found few faults.
Comment by
tast22 on Jan 15, 2013 11:00am
The market is telling us something is seriously wrong. Have a call into Monique Hayes but she has not as yet responded. Management is usually good at coming clean, but this shutdown has been cloaked in mystery. Time for a news update!
Comment by
tast22 on Jan 16, 2013 10:23am
I happen to know that Obama's secret trust just bought shares in Revett at $2.36. He's doing very well. Me-not so good!
Comment by
petersburggray on Jan 16, 2013 10:53am
tast I was under the impression that the regulators at the EPA and MSHA were short the companies they regulate. I thought I read somewhere recently that the head of the EPA, Lisa Jackson was shorting coal miners and Hecla through a brokerage account at JPM under the assumed name Richard Windsor.
Comment by
tast22 on Jan 17, 2013 12:04pm
Funny how that works. Lance Armstrong is also short, but maybe that's because of drug use!
Comment by
ernestokg2 on Jan 19, 2013 3:06pm
Looking at the chart I ask myself; is the management criminal or only incapable ? Who knows it ?