RE:RE:RE:RE:RE:RE:Is it 100% certain Tarsands,
I am going to rephrase what I meant. The cheapest way for Sibanye to get a greater piece of the pie is to pay upfront the 31% of the mine development and to confirm this by 22nd July.
Any other option for Sibanye to get to 51% will be more expensive.
Why? Because I cannot see management or the rest of us shareholders agreeing to sell our share for any less. Once July 22nd passes, any offer to buy our shares will be subject to competition and judging by what Kerry has implied, there is enough interest to drive up the price of the stock.
The volumes of shares traded are too small for Sibanye to buy on the open market and a hostile takeover is not on the cards. For an even bigger slice of the pie, they will have to confirm their buy in before Thursday and then bid for our shares like every other company.
This is a win,win, win situation for us now.