There won’t be any capital management they are preserving for...

There won’t be any capital management they are preserving for Southdown as mentioned on many occasions on quarterly.

They will limp along with 1-3c worth of annual dividends broken up in half yearly Ann’s.

They for over 15 years have always been the last IO stock to re rate of the juniors. MGX and co always go first. This still has another 10-15c to go to be done. Smart money and volume now in control.

Don’t be fooled by the number of shares on issue. Of the 1.6Bil, 2/3 are controlled by the long term major shareholder that’s also one of the product purchasers. So it’s really only 500mil in free float that moves. Volume has always been the indicator. The divi will come and give a little boost.

Lastly given the IO prices at current, they have more chance of getting a major to sign in to develop it. That will double the S/P if it does. This is a long play stock but short term traders can also make money as these volumes continue.