Any views

[#1]

on where the share price is going. It's been going down and today lost about 6c. What's happening?

[Quakedog]

R you crazy?? you may as well flush the toilet with this one!!

[Russ]

Still dropping.Just check out its chart-the answer is there.Ugly!

[Sea_Dog]

That's nasty..

[#5]

very difficult to rely on SIM. On paper, it has R780m in cash, little debt and a NAV or around 250 per share. That is on paper. In reality, the assets are 50% cash, and the rest is the valuation of their mines, which have consistently missed production targets. Over and above that, the mines are ancient, deep and not protable. SIM is getting hammered because nobody believes they will be able to turn a profit. The trick in this situation, is to watch the cash pile. If they turn profit, and cash reserves grow, then peg your investment to that, ignore everything else, and judge their ability to generate free cash flow, because their mines are very risky IMO

[GarethJ]

I did some quick sums. Their cash costs are apparently R254k/kg (Mining Weekly - 19 Feb). At 1200 USD/oz and 7.5 USD/ZAR we get R317k/kg. Seems like a nice margin(and many expect gold much higher), or is this too simplistic? I suspect the "forward looking" market doesn't like the FUM connection?