This none payment of a Dividend was hardly unexpected. Either the Toliara project proceeds and the cash will be needed for that or if not then the asset could be sold and dividends paid. The market now assumes that the Toliara project will be stolen from the company and essentially they will get nothing for all the money spent to date. O Africa! There is value there and I am happy to buy near cash backing. They will need to Fund the closure of Kenya.
BSE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held