Well RK .. we have a different view then.. I think you seem a bit ra-ra and jolly hockysticks. The capital required so far for Afritin has been relatively small and as for the expansion, we do rather have the cashflow and profit to borrow commercially (It is Namibia after all and not SA).
So no.. I don't think it was a good deal as it has turned out
Only difference here is the level and quality of research shows we know how much cash is being made. We know how much is being sold. We know how much is being shipped to the USA. We know what is being upgraded and developed.
We know loads more .... unlike the so many companies we may be subject to the same shakes and tactics... but eventually... cash is king !!
I don't know what you mean by disappointing... but they will show a significant profit ... rather more than almost all on AIM.
Lets not forget that aside a small 2 day blip last September, the SP was last really at this level over a year ago. Since then maiden profits have been announced, a controlling interests in Vametco taken, significant plant and staff operational upgrades, the progress of an electrolyte plant and the Vanchem deal is about to complete (just to mention a few things).
The SA political outlook remains a bit more tenuous than I would like - Cyril is making progress but boy is he fighting headwinds. I suspect that unless/until SA is seen as a safer place to invest in Bushveld will not get the recognition it should get.... buying opportunity if you have the free cash, but personally I would like a bit more rapid movement up.
The disappointing thing is the SP languishes seemingly out of favour at present, but like all things cyclic heads will turn 'eventually'.