I agree with all you say Hoofa
No point in raising capital (at less than 1.5 cents ?) At a 1 for 1 offering it would only double shares on issue and not even raise enough funds to develop Zeehan
Obvious answer is to get rid of Zeehan either by sale or J/V, return some cash to shareholders and put the rest into the business
They stated in last 1/4 report that shareholders will be updated during September 1/4 - well it's time to deliver
And - I'm not totally convinced on the future of the Optiflox system. Didn't they employ and extra person at least 6 months ago to get more customers in the coal industry. Well nothing of substance has been forthcoming here either
They'll likely be out of cash by year end so TIME FOR ACTION
SDV Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
(20min delay)
