I've just discovered I've made a boo boo and posted inaccurate...

  1. DSD
    15,977 Posts.
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    I've just discovered I've made a boo boo and posted inaccurate info. The massive Graphite deposit in Moz is owned by SYR. They've just completed a CR of over $200m and are set to proceed with contruction of a graphite mine and later graphite processing factory. The initial outlay is $138m. All the initial wk stretching bck well over 2 yrs and including the more recent BFS has been done by Snowden. I thought Snowden was owned by SDM. When i went to SDM site i couldn't find any mention who owned the consulting firm. I then rang them at their Perth HQ and discovered they are owned by Downer and NOT SDM! I'm truely sorry for the mistake. SDM also do plenty wk in Southern Africa which is partly why i confused the firms. Meanwhile SP seems to have stabilised at 83c after strong opening 30mins. Have changed my sentiment to hold. Big divs over next 13 months will underpin SP. Plenty cash in the SDM tank def helps as well.
 
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