d&d update 120310, page-16

Ptony,
You say,
"do major companys like xs do things like that unless they have some strategic purpose."

If they were buying there is would be the possibility that they did have some strategic purpose such as a T-O. After all they did buy 25% of Lonmin and I assume this was on-market. I do believe (but stand to be corrected) that some of this purchase was before the T-O offer was made. Alternatively they could buy on-market so that when the JV is done they hold more than 50%.

domum,
I don't agree that buying shares on-market would be a threat to Genorah or the South African public. I am talking about on-line purchases without any approach to Genorah or other top shareholders.

There may be a clause which prevents XS buying on-line. I might ask PL about this point.