buy of the day, page-7

Warnie

Your post caught my eye - been doing a bit of quick reading.

From previous legal announcement it seems only $2milion due straight away??

"The settlement amounts payable to the plaintiff by OM (75.5% owned by Shaw River) comprise:
o a cash payment of US$2 million; and
o royalties of a capped amount of NAD20 million (approx. US$2.4 million), which are payable following the commencement of production at the Otjo Project."

The capped $2.4million only due after mining/production begins which is a fair way off no doubt.

Yet it looks like they have about $11 million in cash last report

Can't see that this has traded this low since late 2008, early 2009.

Am I missing something?!!!

Grades - as suggested by asf? Still OK for Market cap at 7cents?