demand rising and smart money entering, page-6

There would be some gun shy institutions and retail investors who believed in Froneman during his time at Uranium One and ultimately were disappointed at the companies inability to meet production targets.

I my self still have some reservations abouts Fronemans capabilities, and he has noted the credibility issue in past interviews.

The problems encountered at U One were partly caused buy a lack of feasibility work and and rushed development (due to the alluring high U spot price)

Modder East in contrast has followed the correct due process from the start with feasibility studies completed and external reviews.

On top of this issue I believe some would be waiting for Gold One to be further de risked by the finance facility being signed off and another quarter of solid ramp up.

We are ahead of the pack, nothing wrong with that IMO, but we may need to wait until Gold One receives its due attention through progress in the above areas.

I am happy to grab a few more on the dips, remain confident that the rerating will come as long as the story stays on track.