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Sentula Mining to auction assets

Jan 09 2013 08:31
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Last traded 0
Change 0
% Change 5
Cumulative volume 8500
Market cap 0

Last Updated: 06-10-2015 at 03:23. Prices are delayed by 15 minutes. Source: McGregor BFA

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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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