Hope,
The broker valuations are now overly conservative.
We all know Conti is worth more than 35cps.
When we invested in Conti, we knew this was going to be an agressive growth strategy. There are hiccups in all growth stories.
We have finally made a profit, albeit small. This can only improve! Please compare to our peer Coal of Africa which returned yet another loss - $70 million and they've been in this business longer than Conti.
As for the SIOC-cdt, remember this is a South African deal, the banks aren't open yet.
We need to give SIOC-cdt (not Conti) the day (all of 13th SA time) to complete the transaction.
Connie Molusi is on the board of Conti and SIOC-cdt, do we really believe that this isn't going to happen?
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