safrica union wants 14 pct pay hike, page-3

smugpunter

You are wrong, I am interested. Based on the wage increase last time and the reported impact on total costs, I would suggest this will result in an increase in total gold production costs of about 3-4% which in m view is not material. The undrelying Zar has more ipact for eg.

However one thing that I am not loving about the offer is that Coff is right, all conditions have to be met before shareholders will be paid, that means a wait until december. That intself is not that bad if not for the "material event clauses" where the chinse can t renege, the worrying one is the market dropping by 20%, we are already 7% down. Although I have gone into this with the inention of holding, I can see whay the 9% discount is being applied