Conviction….. My firmly held conviction is that a 51% buy back by Sibanye is now at the table. There appears to me to be a black out as management is no longer accumulating at the depressed stock price.
And if our big brother is in for 51%, I have a feeling they will make an offer for buy out. As I said before a few steps to get there. Some open market purchase of shares and then a buyout on the remainder.
Not much time to accumulate more stock and we may be too late already. A NR is probably being drafted with weekend edits by both.
Just speculation on my behalf but based on management's lack of buying at this level gives me my conviction.
GLTA and especially us longs!!!