valuation/upside out weigh execution risks , page-25

I know what your saying Forro. I didn't mean to suggest an immediate solution. I was said by time Dewitt up and running, that's 2013/2014. Dilution does hold a stock back I suppose, but if everything was going to plan it would not be such a drag in my view. Lack of insider buying here has been one of the big non-operational problems for me. Even with Mashala. Looking at my April post, those guys were supposed to take stock not cash. And yet it appears that even at these lower stock prices they wanted the cash. Who knows what really driving a stock though. Maybe dilution is bigger factor than I think. Fear of large dilution appears to be holding back CZA at the moment, even as they look to bring on line a million tonnes of coking coal. Or maybe in weak market with lots of opportunities (if you think world not crashing) its hard to attract any investors to South African stocks. Who knows what main drivers are. The only thing I'm really sure of it that its not manipulation. (And even on that I have to take into account that I don't follow intra daily trading patterns).