Morning all. I topped up Friday only a small amount though and suspect market is nervous of the IO deal not going through and expect people are waiting to recycle the shares in to SLP. I for one will be doing that with most of my holdings although some exposure to Iron ore wouldn't be so bad. Wonder how productions gone this month?? Im confident for 48,000 oz for the year end. Not long to find out.
Morning leas. Yes, the idea of a Mandela Rand distributed to shareholders is not a bad one at all. The way things are going with the MRG deal though we will probably end up with a recycled Coke can instead. Shares down nearly a penny today on volume of just 20,000! I have given up trying to read any sense into it all.
even better if SLP minted their own coin and gave it to share holders by way of a dividend. lol. Or the ANC gifted the out of work miner a coin to compensate them for being made redundant. Good article on miningmx about foreign investment in S.A. Worth a read. Enjoy your weekend.
Great article. Makes sense for the SA GOvt to buy a million oz. Remove the surplus and they will be getting it at a cheap price.
I alos think SLP is a bit leaky and without a doubt I think IO news early next week. Hopefully then we will see a bit of recycling of MRG shares in to SLP and build some momentum in anticipation for quarterly results. Im expecting great news :-)
You're welcome leas. I certainly hope this is the beginning of a reversal as I think we're all due some payback here. When I topped up last week I think I was one of only two trades on that day but look today at the number, it does make you wonder doesn't it? Perhaps all will be revealed next week as AT suggests. Good article you posted by the way AT - a number of facts in there I wasn't aware of.
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