Ann: South African Sale Agreement Varied , page-4

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  1. 2,353 Posts.
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    NG, Dob...

    Should get some clarity very soon.

    The quarterly is due next few days.


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    10 man base camp was near lock-up last report.

    Diggers were active after agreements made... so road should be progressing well at very least.

    Assays and samples are due soon.

    Offices were planned...progress may have been made there too

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    The cash flow is more than enough to get them started on the basic alluvial. Not much more to spend

    1) Diggers working on site

    2) Fuel on site

    3) Timber sourced locally

    4) Basic fixings / equipment required to build circuit

    5) Some basic equipment to purchase for fines processing
    perhaps (plus generator etc??)

    Management seem happy enough to accept shares for any extra wages.

    The 1.8 cents floor should hold quite well as Twynam would want to see that hold up.

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    Nothing without risk here though... but looking quite good.

    It is heartening to see a complete lack of selling... only about 125,000 shares have traded in the last 15 trading days.

    Bids appearing.... looks quite "neat".... but may well be legitimate.

    bsh
 
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