no dividends yet

A couple of observations:

Positives-

- looks like exploration is to start again at the diamond project in Namibia ("At Tsumkwe in Namibia the Company has now isolated some specific areas where it believes good potential exists for
the discovery of kimberlites in its ongoing exploration"). The company has a minimum exploration commitment for the year of $ 782 000;
-A big upturn in exploration spending this year, from $ 1.7 million last year to $ 2.4 million this year;
- Could be some action at Telfer, this is particularily exciting given where gold is and where its expected to go ("The Company’s Telfer project in Western Australia is currently under review by parties with the potential to forming a
joint venture"). Although this has been said before the company has a minimum exploration spend commitment in the next 12 months of abour $ 865 000;
- The chairman and the board took a decrease in remuneration this year;
- no audit qualification;


Negatives -

No dividends yet!!!

They were extremely silent about current drilling and progress, I'm sure they are massing announcements in anticipation of some corporate action.