Given the strength of the coal sector, witness CZA today, I think it is too early to sell now. The share has shown strength around the 340 mark for a couple of days and has hit 2010 highs at 259. Expect consolidation around this area then the next push towards the 383 mark it was at before financial problems surfaced. It is repairing its balance sheet and the next update should be positive. I am also a holder of this share and intend to hold a little longer after all, 2 months patience should be properly rewarded. I hope this helps you.
Agree, this share is trading at a huge discount to NAV, and the Kroonfontein sale will sort out their debt equity ratio nicely. SNU used to have a 5% div yield in the good days, and now they have 3 times the turnover, so hopefully we will see a resumption of a dividend. And, doubly hopefully, SNU(kie) would have negotiated a nice management contract off hte sale to Optimum - but that is just me speculating. I am hanging on to my shares, and will buy more in the dip (if it is forthcoming)