https://s e e k i n g a l p h a . c o m /article/4473355-sibanye-stillwater-third-quarter-production-analysis
4 - Green metals strategy
Sibanye Stillwater announced two transactions during 3Q21 and two further transactions after 3Q21:
On 26 October 2021, the proposed US$1 billion acquisition of the low-cost Santa Rita nickel and Serrote copper mines in Brazil from Appian Capital.
The yanks $600M recovered in full (say $100M of the CN only but the intial loans were $500M)
our aussie $200M cash lost to $0
2015 to 2021 they couldnt wait 5 years to allow us to get a 200% return
at that price the SP would be say 800M-200M debt = 600M/0.71 aud
845/1100M shares =
77c per share
forget $0 or 8.3c ps
I told you so, weve been well and truly had by these bondholders.
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
