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FULL YEAR 2014

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Occasional Contributor
2014 FIRST HALF LAST SEPTEMBER SHOWED HEPS OVER 19 CENTS. RECENT PRODUCTION UPDATES FORETELL RESULTS AT LEAST AS GOOD AS FIRST HALF. SO FULL YEAR HEPS MUST SURELY EXCEED 30 CENTS AT WORST. THEREFORE THE TRADING PRICE OUGHT TO EXCEED 300C, EVEN IF YOU ASSUME A PE OF ONLY 10. AGAINST THIS, MANAGEMENT MAY MAKE A DECISION TO PAY OFF SOME DEBT OR OTHER. FROM WHAT I SEE, I AM NOT SELLING BELOW 320.
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5 REPLIES 5
Contributor
I have the same views, but it helps to type in lowercase ;)
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Regular Contributor
One doesn't get into a junior miner in South Africa for a mere 20% return... Doesn't justify getting out of bed in the morning for the amount of risk you are taking on.
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Contributor
See the SENS this morning, seems very positive, perhaps your prediction is not far away......the price has already reacted.
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Not applicable
tricky investment this - great company with a *****py product. You can up the production all you want (and it is admirable how well that is going to plan) but it don't help at all if a) your export quantities are capped by Richards Bay and b) global markets are in oversupply resulting in continuing slide in the export price.
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Occasional Contributor
NO. IT HELPS TO TYPE IN UPPER CASE SO THAT EVERYONE CAN SEE IT!!
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