Yip solid results & all on track...potential downside is rainfall over the next couple months...upside is the recent announcement of the Universal buyout my guess it will go ahead as Simeka are 30% equity partners in Universal's Kangala & have been for quite some time, so previous attempts at takeover of Universal were always going to be scuppered by Simeka.
As mentioned trading arm is pumping albeit at slightly reduced margins but huge increases in volume & transport is a volume business...due to Eskom planning that won't abate until about March next year so another 6mths of the same.
Moabsvelden offers nice opportunity to increase production with very low risk or capex.
I would like to see WSL transition to more owner mining operational model & looks as though they moving in that direction.
Only about 1/2 the R20m buy back concluded to date.
Don't know when this share will re-rate & take off....& yeah been saying that for some yrs now.....