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6/11/18

When Sibanye (SBGL) bought Stillwater

Just wondering how that decision to buy Stillwater for $18/share back in December 2016 and to move into PGMs is working out for you, Sibanye Gold diehards...



Really? That well?

This is the thing about balance sheets and why I whack on about them so much. You can ignore them and their effects for a while, you can bluster and bluff the market about cash flow projections and what-have-you and it'll work for a time, as well. But sooner or later your balance sheet catches up with you. SBGL knows, AKG knows, NGD knows. Who's next? PVG?