Looks like cash is tight. I see another Capital Raise coming. If these assets were in Australia they would probably be worth $300m because it is South Africa the political/corruption risk is high. Things may look a bit better after the April election. Probably my riskiest resource investment, although Base resources (BSE) is up there also being in Africa.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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