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growbag - Thu, 22 Dec 05 :

Cheers :-)

Happy Christmas and a prosperous New Year to all in 2006

All the best

G.

ps. Just doing a few calculations on the NAV. Excluding the £10m pension deficit (which, as someone pointed out earlier, could be down about £3m with the bullish market performance this year) NAV comes out around 14.9p per share (£38m). This
includes, on the last accounts, £28m in stocks. Those stocks must provide some protection against the copper price - with margins even increasing if retail prices have been increased.

Just a merrier thought to end the year on.


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