if it looks like a duck....... - After 3 months waiting on 21 July 2021, Sibanye inform us that they will not participate. Sibanye take their time.
- During the first 3 hours of the same trading day the SP was pushed from 1.10cad. up to 1.17cad. Over 90% of the trade was between the following trade houses: RBC , TD , ANONIMOUS , CIBC.
- Right after the lunch time on 21 July 2021 the SP was pushed down, and that continues till now. Over 90% of the trade from this date till today are between the same trade houses: RBC , TD , ANONIMOUS , CIBC
- To announce such important decision at the middle of the trading session are suspicious.
- To have over 90% trade from 4 trade houses for the 7 consecutive trading days, which leads to decline of SP with 30% is suspicious.
- Who have the interest to make that announcement in the middle of the trading day?
- Who have enough shares to exercise such trading activities thru these 4 trade houses?
- Who have the interest to have SP at this levels – 0.85 cad.?
- Why Sibanye inform the management that they are not willing to finance theirs part and are OK with further dilutions and in the same time told them ,that they will keep the shares which they own(8%)
- Why Sibanye have to wait to the last day( 3 months )to announce the decision?
THERE IS MANY POSSIBLE ANSWERS TO THIS QUESTIONS BUT ONLY ONE IS COMMAN FOR ALL OF THEM:
SIBANYE IS PREPARING BUYOUT OFFER.
Probably between 2cad. and 3cad.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
STAY TUNNED!!!