Like the " defensive" part!!!
I for one sometime over analyze but one thing is for sure if you strip all emotion away this ship has turned and this management is world class and has delivered.
With a bit of patience we will be handsomely rewarded
Will be held by institutions after the deal with roughly 2.8 bn shares.
That's a lot of shares and I wonder how the 37% of us will see the company?
I know it's long term value but we will need earnings or a deal or Chinese cash?
Maybe all 3? Ideas?
Regards and hang in there!!
I am not surprised how this is worked down ( manipulated) on thin volume.
Has been the norm here for years now.
Retail investors will catch their tail soon here it will bounce and all the manipulation in the world won't get you a cheap entry.
Gla
Ein, David brown took impala platinum from a minno to the second largest platinum producer in the world. The 114 M for makhado must be seen as a " fundraiser " to fulfill his ambitious plan to " consolidate the junior coal space" in sa.
So after that deal we will still own roughly 33% of makhado, with cash to take out wescoal ( my opinion the companies are talking to each other) next and we will be left with Keaton energy last.
This is a long term buy you must look at it that way unless we get taken out which I hope never happen.
Hope it helps