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Sentula Mining to auction assets

Jan 09 2013 08:31
I-Net Bridge

Johannesburg - The board of directors of Sentula Mining [JSE:SNU] entered into an agreement with Ritchie Brothers Auctioneers on November 30 to hold auctions of the assets of Sentula’s wholly-owned subsidiary Megacube‚ which has ceased operations. 

The auctions will start on March 20‚ 2013. The assets have a book value of R300m. 

As it is impossible to know the value realised by the auctions‚ shareholders are advised to exercise caution in their dealings.

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