Nice to see some discussion, thanks folks.The expansion of...

Nice to see some discussion, thanks folks.

The expansion of Dikulushi is delayed which in turn has delayed development of Kapulo. They have plenty yet to spend on their projects, yet have pulled significantly less out of Dikulushi in the past year as compared to the previous, costs of further development have ballooned by 30%, and both projects are delayed in their development.

They say that they will be able to fund the remainder of works internally, but I suspect that the factors I mention above are a cause for doubt. Therein lies the problem with the share price.

As tubber mentioned. I would not be surprised to see major shareholders are pushing a few buttons here. At least I hope so. I still think a takeover is a realistic possibility, particularly if the company becomes a little more 'distressed'. and shareholders become more frustrated and thus more amenable to a low ball offer. Talk to any AVM holder and they will tell you that they were ripped off by the Chinese!