Ceratinly very impressed by the continued progress at Penumbra - all looks very professional. A lot of completed work and the declines are well advanced. At this rate they could be down to the target depth some time in May. Absolutely brilliant!
The photos of the new directors and SIOC team clearly show without question that the new partner is well on board and I would expect the much awaited ZAR$140m to be received at any time, whether this is Friday or Monday will make difference.
Also impressive are the production numbers are coming out of the 2 mines. This should defintely see a positive quarter for cash flow and profitability.
CCC Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
