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baht - Thu, 21 Dec 06 :

What an impressive turn around in a single quarter!

"These improvements were demonstrated by the results recently released which showed that it went from making a loss after tax of ZAR 306,868 for the first nine months, to a profit after tax of ZAR 1,327,674 for the full year."

These guys are keeping to the advertising slogan "It does what it says on the label!" A good stream of updates when there is something to say. If they keep up this momentum I think F430's forecast in post #8 will be an under estimate.

I await the next news with interest. No doubt news of a Gold mining project if the comment in the RNS is anything to go by. "The Directors have been actively reviewing a number of projects in Ghana, Mozambique and Kenya and are excited about the opportunities available." Key phrase "have been actively" not are still looking! Sounds like they have found something.

Christmas just seems to have become a little better as far as my investments are concerned.

Baht.


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