The fact we bought issue shares at 67c on Nov/ 2010 or 30c on Feb/2011 so what. The shares are now 12c and 53 million options (25c to 80c) are dead in the water. At 12c the company worth £55 million The main (+ plenty more) risk It has to get a lot of money to move to a producer of gas and oil See demand for gas in Ivory Coast Page 13 Demand - Mining has cash to pay bills and needs lots of power
My view only do your own reserch sell if you don’t like the risks buy/hold if you like upside (asset value) (check sums yourself) just bought twice
RIA Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
