Makes sense Sibanye would be interested and playing dirty as many of these majors do ...trying to get assets cheap as possible
All about low VWAP so they can talk up how great an offer at 20-30% over VWAP ... they might move sooner than later as they won't want to be getting rid of too many shares and have to disclose their selling as a Larger holder >>>
was it you dannyleb thinking Wingfield might also be in cahoots with Sibanye maybe got a deal going on in the backround for a set sale price if WWI gets MR etc ?
Over the last 20yrs trading the ASX resources sector I've seen my fair share of Dodgy very unfair T/O's of great projects
One of the worst was another SA play NKP ... ZIJIN Group so called wanted to invest and help drive NKP massive PGM projects into production ...but in the end just wasted time and wanted to get rid of us S/H's as cheap as possible ... they even had workers posting on the HC forum talking up their inside knowledge of local tribes anti NKP etc ....even though ZIJIN group has control they still don't 100% own the company as a few very strong minded holders are still fighting for a fair price years later >>
I always hoped we would have more than just one party wanting the WWI SA Project so to cause a bidding war and drive the T/O to a fairer value for all Holders>>
As much as I hope it doesn't happen one could see it fall in the lap of Sibanye much cheaper than I'm sure many of us would like ... they might well do the same as they have with DRD Gold and just go for a controlling stake 50.1% of shares ... this could of course happen via a C Placement WWI will need to do to fund CAPEX and as Sibanye is a likely Toll treater of WWI ores at their local Gold plant ... it all looks very cozy ..why give WWI 50% of the profits ?
As we know from the history of WWI SA project... DRD Gold use to own and mine it>> but decided to go down the open tailings re-treatment road
On DRD Gold>>
https://seekingalpha.com/article/4439256-drdgold-is-a-gold-blend-of-high-dividend-yield-and-esg
(20min delay)