Hey Dewald.
I think that there is a lot of growth still to come through, Elandspruit is a 15yr mine that is already producing at projected target (since Sept last year) Intibane will reach projected target of 80,000 tons per month very shortly if not there already..... Khanyisa awaiting it's full water use license with adjacent properties under discussion....their trading arm is going along......I personally think it should be at better margins but WTF do I know.....Now's the kicker they, management, us as holders somehow need to organize that the shareholding rotates another 8% or so into Black control/hands, not sure how that's gonna happen.... BTW neither does management.....So at 237,534,000 in issue gives roughly 19mil that needs to be traded (possibly an outside BEE entity buy in) for us to be Eskom compliant..... When that happens, deadline December 2016, then guaranteed funding of R75mil becomes available from Investec should we need it...?
Further down this thread is details of a possible deal with Coal of Africa via Simeka capital plus some emotional rants from myself coupled with conjecture guess work & plain old cupboard standard HOPE...Check their website for the latest shareholder update.
But above all I am very biased in my view of WSL .......so do whatever it is that you need to do as this does not constitute as advice.....I'm some guy/gal on an internet chat room.... 
I've said it before we may have ourselves a holding in a value trap.
