Sibanye Gold bids R400m for Wits, the old joint venture partner on Evander. Not a big deal but consolidation in the South African market.
rather large trades at close on friday wonder what they knew?
RE: shares ex-dividend now
Monday and Tuesday saw large volumes come on board. No doubt alot sold out already so good to get out of way. The size of the dividend can be seen as a corporate bond return. Mining at the current price is very profitable still for PAF. Looking into next year a greater mix of platinum/gold could give a better asset mix. Certainly plenty of platinum in SA. Once the car industry moves platinum will give an industrial play. Trust the board to make the right decisions.
shares ex-dividend now
as the shares are ex-dividend not surprising that they are down a bit after all a 6.5% dividend is just about to be paid out on 20th after 4th december exdiv date, but they are rising a bit today as folks probably see a 6.5% dividend as a good investment
4 Dec '13
gold up again to $1250
gold on the up again just goes to show that gold will settle around what most miners can afford to extract it for and make some profit pan african gets it poured for for well under $1000/ounce, gold miners that have costs over $1000/oz clearly are treading on thin ice but pan africans increasing profits are quite clear looking forward to my 6.5% dividend. in december
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