This in an article on the web might point to what's up - Sentula Mining has embarked on a rigorous "house cleaning" exercise, and will in two to three weeks have the findings of an internal investigation into the events that led to it having to restate last year's financial results. Chairperson Sam Jonah said that Sentula was also fully committed to cooperating with the JSE and the Financial Services Board on their investigations into the company. This was reported last night.
Halted related to the roadshow that management is on where they made some comments about future earnings that can be regarded as a profit forecast. JSE wants them to make this public before starting trading again.....Seems to have traded this afternoon though but no annuoucement
Yes Platsak,they are pulling themselves together after issuing the wrong results,poor management decisions and not enough "hands -on" management,now they are correcting this as they are a three billion capital company they are likely to do things better in future.I think this share will double back t6o its old price by next year.They also are running coal projects on their own as well as in conjunction with Merafe.