There must be a pile of silver stacked up somewhere as never seem to see it reported. They should have about 5kozs of gold this quarter given they only processed 580ozs last quarter and probably sold off more machinery to pay for the tea and bikkies.
Guess at take over price: Assets Value at 30/6/11 $187 mill approx 18c a share, current share price 6c, my guess take over price at best will be 10c. A far cry from the highs of earlier years, they sure did create significant value for shareholders, management must be extremely proud of their achievements given 4 years ago it was trading around 50c!!
DYOR My thoughts and ramblings only
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