Sentula Mining to auction assets

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.

Coal is seen being transported in this file picture by Simphiwe Mbokazi. Credit: INDEPENDENT MEDIA

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