my theory, page-3

Agree bullion positions should be reported quarterly in some way or form. (Corporal yeah I got 23405 ounces on the platform.)

The best I could come up with as to why they don't promote the stock in the slightest is one of the directors may be going through a divorce and his wife wants half..... Or they want to write a heap of performance options for themselves and then go promo.

Other than that they have enough upside exposure as is, I doubt they could 'buy' significantly more stock with personal cash reserves.

Half yearlies will have the Inventory (bullion) levels, due late Feb.

8.9m cash in bank
8.5m or Rand (43.85%, 32c as per rights)
?? in bullion (I'm guessing 10m based upon 08 & 09 annual reports

EPS for the year expected to be mid teens.... Low cost producer - a serious rerating just has to come IMO.