and i thought bergen was a joke..., page-36

Thanks Big bill , easily the most balanced of all posters ,

After thinking about the situation , I think it's time to start looking at continental as 2 companies , 1.continental SA and 2.continental all other , , all money made from the mines in SA is only to be used in SA as part of the sioc deal , I see this as a positive as at least they can't blow the profit that vlak and Ferreira are making (?) on some international venture .

In the latest operational update it said that Ferreira and vlak are cash flow positive , this was only on the16 th of may .

So this cap raise Is like a whole new side of the company Starting up (diversification) and quite frankly they have no money , this money will prob be used for Columbia or (a possible purchase in the us ) and of course the fees etc ,

I'm not happy with management but I believe this expansion is a positive and a move in the right direction , I believe the fact that no cornerstone investor has come to the table is due to the nationalisation talk , so I believe this is an avenue to get a cornerstone on board .

With pen coming online soon with good hedging and the other 2 mines cash flow positive , we may see less capital required for dewitt ?

A slightly positive post for once , Any responses welcome but I work with my hands so can't respond all the time