Yes $9M is for Holfontein so the cash is running a little low. But they have quailty assets, even though there seems to be some tenure issues with Alexander. Euroz have an 8cps valuation on Holfontein alone so the selling is a bit over done. I agree entirely...management need to get out there and sell sell sell. Even though the markets are choppy :) there is still cash around for quality projects...and in particular quality energy projects.
Loadman
LSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
