031110 A new study has found that SA coal reserves have been significantly downsized since 2003.photo by Simphiwe Mbokazi 453

Sentula Mining’s (SNU) board of directors 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. - I-Net Bridge