Divide current price $1.37 by 11 and it gives you 12.5c a share based on the pre-merged Catalpha company.
Prior to consolidation CAH was traveling at around 15c I seem to remember so the cost to me so far is about 16% on the downside. I figure there wont be much action until they start pouring gold at Westonia and the share in the other mining entity (30%) whose name escapes me, becomes more crystal clear i.e 100% takeover or sellout off.
I would not be surprised to see the share price fall to $1 in the next 6 months. It is a longer term hold for me so I just wait.
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