Share Price Discussion, page-5

Been on the stock for years, but I think the South African political problems are starting to bite.

You've also got some issues developing with the grade at Tormin, particularly the Zircon and Rutile. The extensions were knocked back in November and while they are appealing - it's South Africa and that can literally take forever.

There is plenty of garnet and ilmenite to keep the plant breaking even, but it's the high end product they need to make any real money to pay any further divi's.


With a bit of luck, some okay numbers could come through in the next quarterly.

Holder selling out

It's an interesting one, it's definitely not any of Caruso's companies, but it's definitely one of the big three and it could go on for some time.

Pep