After searching for news on Lonmin...3rd largest platinum producer its boasting increased production .its up 10% this week and analysts are hot and a few cold...
and good ol Glencore Xstrata just listed on JSE is giving out signals like....
"GLENCORE Xstrata will sell its nearly 25% stake in platinum producer Lonmin at some point because it does not fit its strategy of operating in bulk commodities, CEO Ivan Glasenberg said on Wednesday."continues
http://www.bdlive.co.za/business/mining/2013/11/13/glencore-xstrata-plans-to-sell-lonmin-stake
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Yet SP up?
long or short story ?...
Why would IG telecast his intentions?
SA is attracting some big players/funds etc,imo, and they must be getting bored.
Perhaps suspension is a good atm? even if boring......
Ann: Suspension from Official Quotation , page-98
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