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An exisiting mining company had been attempting to reduce its inventory while progressing from a “owner miner” to a “contracting” business model at multiple mining operations. Positioned in remote locations the cost to relocate stock and support the incoming contractor was proving to be both a financial and a logistical challenge. Furthermore due to internal cutbacks and inexperienced staff the company were looking at large inventory financial writie offs in leui of any other vialbe option.
Enter Stock Xchange Stock Xchange was engaged to build a suitable exit strategy that would: