Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Mining Headaches

Grande Cache Coal has been clocked for not living up to expectations. If you want to get a sense of the issues facing mining companies take a listen to the recent Grande Cache Coal conference call. Some of the challenges include:

  • Rising fuel costs
  • Competition for mining executives
  • Delays in delivery of equipment
  • Underperforming/undercapitalized contractors
  • Competition for labor with Fort McMurray oilsands projects

  • Hopefully management will adjust expectations to reflect the current harsh realities of the mining business. This one can bounce back eventually and unlike Refco it still trades!

    It was a Jake Blues kinda call...
  • I ran outta gas.
  • I had a flat tire.
  • I didn't have enough money for cab fare.
  • My tux didn't come back from the cleaners.
  • An old friend came in from outta town.
  • Someone stole my car.
  • There was an earthquake
  • a terrible flood
  • locust's.

  • It wasn't my fault!! I swear to God!!

    Not Advice

    Try the Big Picture Speculator free for 30 days.Grande Cache Coal has been duly punished for not living up to expectations.