139 replies to this topic

[sommerso]

Time to awaken this topic .... 

 

Thoughts on the rights issue? 

[grr]

On a real tear today...+9%<br />

[ThatBlackGuy]

http://www.mineweb.c...47413&sn=Detail

 

Goldman Sachs bearish on Gold price.

[ThatBlackGuy]

25.50 is way to high considering the low for the last year 6.74

 

It's a gold price pull back. Which is temporary in my view.

 

I'm not an entry price expert though ... so I cant say. 

 

I think there will be some price action on the back of Amplats deal (if there is such a deal announced when the strike is over.)

Management have proven themselves when it comes to labour relations and out of favour gold mines. Can this translate to the platinum space?

 

I tend to think the market will give them the benefit of the doubt.

[HDB]

25.50 is way to high considering the low for the last year 6.74

as per charts it can fall much lower or reverse back up as of todays close..

Watch closely!!

[M e r l i n]

Any ideas on an entry price following the recent dip? I'm thinking of getting in around R25.50.

25.50 is way to high considering the low for the last year 6.74

[Davidish]

Any ideas on an entry price following the recent dip? I'm thinking of getting in around R25.50.

[du plessis]

I think this will be very positive for the share price

[Bossie940]

They indicated in the media a few months back that they are interested as soon as the strikes are over

Bossie

[du plessis]

The roomer in Rustenburg is that Sibanye is just waiting for the strikes to be resolved then Sibanye is going to make the announcement that they going to buy Anglo Rustenburg.

[ThatBlackGuy]

I own this stock... I like management. 

 

Seems like a deal has been struck for a business performing complimentary activities around their mines. (I breezed through the SENS just to make sure it's nothing catastrophic.) No pricing information as yet, but its a share deal, which may suggest that management think that the SBL share is not cheap. 

 

I'm sure they'll be some P/E magic as well when earnings are re-rated for SBL. 

 

Difficult to say what a good pullback is on the stock as it approaches R30 a share (what my target price was earlier this year), but 2,5% seems decent enough for me to advise a dabble. 

 

My two cents

 

 

 

 

 

Pull back on SGL following the Gold price, any idea on good entry level for a long?

[WINH]

Pull back on SGL following the Gold price, any idea on good entry level for a long?

[ThatBlackGuy]

Share has pulled back 5%

 

Get some ... while stocks last!

[delta66]

still have them in LT port around 12.00..drives me nuts thinking of all those long positions i've closed on the way to its current price

[HDB]

My TP is R30 for the end of the year... then I'll reassess... Thats 40% odd from current levels.

 

- Dividend yield too good at 5% 

- plus inclusion of recent Wits Gold and Cooke mine acquisitions will re-rate those earnings. They got these mines at a steal I think, but we'll wait and see.

- Increases in mining reserves and life of mine to an average of 15 years should re-rate the whole share as its been seen as a short life share.

- High cash generation to be used to pay off debt (which will increase equity value).. 

- All in cost of mining continue to decrease.

 

Its the best gold stock play, period!

 

PAN-AF also another one worth looking at ... Divi limited though I think.

and to think this was dropped to sub 7 a few months ago

[ThatBlackGuy]

Any good at current levels?

 

My TP is R30 for the end of the year... then I'll reassess... Thats 40% odd from current levels.

 

- Dividend yield too good at 5% 

- plus inclusion of recent Wits Gold and Cooke mine acquisitions will re-rate those earnings. They got these mines at a steal I think, but we'll wait and see.

- Increases in mining reserves and life of mine to an average of 15 years should re-rate the whole share as its been seen as a short life share.

- High cash generation to be used to pay off debt (which will increase equity value).. 

- All in cost of mining continue to decrease.

 

Its the best gold stock play, period!

 

PAN-AF also another one worth looking at ... Divi limited though I think.

[Robin Hood]

Any good at current levels?

[ThatBlackGuy]

Great set of numbers released by the Gold Miner today. 

[Ninja]

gold  is making a butterfly  pattern...Wil test lows  of 1320 again!!!

 Sure it will do.... specially to give those that missed out an opportunity to get in

[jaDEB]

Ninja, other thing to keep in mind. SGL is listed in US. And they think Alan Gray is an unhappy person called Alan