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Ripley94 25 Feb 2020

Conversion is a@67p at the moment LMI… XXXXX The tab under this one ( just an old tread i found wile searching for a Gemfields page last week . I forgot this page is still up . Confusing this as now appears to back as Sibanye-Stillwater. Saw ( D ) C.A… Article below. Do not know what Sibany gold was about ? Looks like they might relist in London . … The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year. Neal Froneman said the £285m purchase of London-listed Lonmin was shaping up to have the “lowest payback period” of all the deals done by the highly acquisitive company. “It is literally going to be a little bit more than a year,” he said. “We took a lot of flak when we announced the deal but we have had commodity prices behind us. The wind in our sails.” Johannesburg-listed Sibanye launched its all-stock takeover of Lonmin in December 2017 but the deal was not finally closed until June 2019. The timing of the takeover surprised analysts because Sibanye’s balance sheet was stretched after paying $2.2bn in cash for Stillwater, a US palladium producer. However, over the past year the prices of palladium and rhodium — two of the company’s main commodities — have surged to record or multiyear highs on strong demand from global carmakers. Recommended Tail RiskNeil Hume Analysts wonder when palladium’s record run will be exhausted Palladium and rhodium are critical ingredients in catalysts for petrol and hybrid cars that convert toxic emissions, such as carbon monoxide and nitrogen oxide, to carbon dioxide, water and nitrogen. After nearly a decade of undersupply, analysts say stocks of the metals are almost exhausted. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” said Mr Froneman. “You can’t run deficits and consume surface stockpiles and inventories for ever and a day. At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.” I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium Neal Froneman Rising platinum group metals and gold prices meant that Sibanye was deleveraging fast and would be in a position to return cash to shareholders in 2020, Mr Froneman said. Sibanye last paid a dividend in 2016. James Bell, analyst at RBC Capital Markets, said he expected Sibanye to reinstate its dividend once net debt was lower than one times underlying earnings. “This would mean scope for a potential interim dividend this year. In terms of structure of the policy this will probably be a share of earnings rather than a link to free cash flow,” he said. Known in the industry as Neal “the deal” Froneman, the South African has turned Sibanye into a big force in the precious metals market through a string of acquisitions. As well as PGM’s it is also a big gold producer. The company now has a market value of nearly $7bn and Mr Froneman is weighing plans to list in either London, New York or Toronto. Its shares have risen almost 190 per cent in the past year. Mr Froneman confirmed Sibanye had made an offer for AngloGold Ashanti’s Mponeng, the world’s deepest gold mine, but doubted it would be accepted. “We put in an offer we thought was commensurate with the risk . . . I’m not sure they have decided on the outcome yet but if we are not successful it is not the end of the world for us.” Mr Froneman said Sibanye’s next deal was likely to be outside South Africa and in battery metals. “We want to play in the international arena. We are probably ex-growth in South African because of our market position in PGMs,” he said.

ripley94 25 Feb 2020

Not sure what is going on here rang ( D ) as some sort of corporate action showing Otto mentioned some sort of recent event ( C.A ) article below indicates it is now sibanye -stillwater which appears to be only 16 days ago. Good news is they might list on market i can sell on with ( D )

ripley94 25 Feb 2020

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at [link] [link] Neil Hume in Cape Town FEBRUARY 9 2020Print this page0 The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year. Neal Froneman said the £285m purchase of London-listed Lonmin was shaping up to have the “lowest payback period” of all the deals done by the highly acquisitive company. “It is literally going to be a little bit more than a year,” he said. “We took a lot of flak when we announced the deal but we have had commodity prices behind us. The wind in our sails.” Johannesburg-listed Sibanye launched its all-stock takeover of Lonmin in December 2017 but the deal was not finally closed until June 2019.  The timing of the takeover surprised analysts because Sibanye’s balance sheet was stretched after paying $2.2bn in cash for Stillwater, a US palladium producer. However, over the past year the prices of palladium and rhodium — two of the company’s main commodities — have surged to record or multiyear highs on strong demand from global carmakers.  Recommended Tail RiskNeil Hume Analysts wonder when palladium’s record run will be exhausted Palladium and rhodium are critical ingredients in catalysts for petrol and hybrid cars that convert toxic emissions, such as carbon monoxide and nitrogen oxide, to carbon dioxide, water and nitrogen. After nearly a decade of undersupply, analysts say stocks of the metals are almost exhausted. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” said Mr Froneman.  “You can’t run deficits and consume surface stockpiles and inventories for ever and a day. At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.” I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium Neal Froneman Rising platinum group metals and gold prices meant that Sibanye was deleveraging fast and would be in a position to return cash to shareholders in 2020, Mr Froneman said. Sibanye last paid a dividend in 2016. James Bell, analyst at RBC Capital Markets, said he expected Sibanye to reinstate its dividend once net debt was lower than one times underlying earnings. “This would mean scope for a potential interim dividend this year. In terms of structure of the policy this will probably be a share of earnings rather than a link to free cash flow,” he said. Known in the industry as Neal “the deal” Froneman, the South African has turned Sibanye into a big force in the precious metals market through a string of acquisitions. As well as PGM’s it is also a big gold producer. The company now has a market value of nearly $7bn and Mr Froneman is weighing plans to list in either London, New York or Toronto. Its shares have risen almost 190 per cent in the past year. Mr Froneman confirmed Sibanye had made an offer for AngloGold Ashanti’s Mponeng, the world’s deepest gold mine, but doubted it would be accepted. “We put in an offer we thought was commensurate with the risk . . . I’m not sure they have decided on the outcome yet but if we are not successful it is not the end of the world for us.” Mr Froneman said Sibanye’s next deal was likely to be outside South Africa and in battery metals.  “We want to play in the international arena. We are probably ex-growth in South African because of our market position in PGMs,” he said.

ripley94 15 Feb 2020

Position in ( D ) based on ADRs 31500 . last May 2019 they were in Value know shown as 0 explains bigger loss there of late .

Ripley94 15 Feb 2020

Conversion is a@67p at the moment LMI… XXXX Sibany Gold now @ 4140 zac year high looks like approx 156% gain since last July ( when ( D ) forced sale @ 1619 zac ) Previous high 20th January 4140 zac falling back to 3635 zac . USA ADRs … 11.32 $ Matching chat and high … Previous high 11.18$ 20th January 2020 . dropped two times to 9.45$ resistance before new high .

Ripley94 15 Feb 2020

Stopped out LMI … XXXX Went all the way back on slow computer searching for Gemfields post as on Dec 17 2017 ( Amelia ) made a post on there but can not find that or later ones a posted on that board . Never know Lonmin might come back to AIM as well , Maybe this gave up London listing about six months after.

ripley94 03 Dec 2019

( SGL ) It is even higher now @ 3122 zar yesterday recent highs.. The USA ones ( SBGL ) $ 8.08

ripley94 07 Nov 2019

This TOPPED OFF @ 2929 ZAR ON 31ST OCTOBER 2019.. BEFORE FALLING BACK A BIT .

ripley94 25 Oct 2019

Just seen when ( D ) sold Toms on 13TH July 2019... price shows as ( SBGL )..$4.75.. 50% lower then today

ripley94 25 Oct 2019

$1 = 78p today 25897= 20897

ripley94 25 Oct 2019

4 into 14490 = 3622 ... @ 7.15 = $ 25897

ripley94 25 Oct 2019

Looks to of done well of late now 2644 zar ( SGL ) Maybe better idea of progress looking at the ADR SHARES ( SBGL ) They represent 4 shares and are $7.15 today last time as high as this 15th May 2017 .2 years 5 months on 8th May 2017 $8.14 .. All time high $18 July 2016.

ripley94 28 Aug 2019

SIBANYE GOLD .. 2140 zar recent high 12th August, and the pound is weak . 2094 zar today . only consolation Tom put proceeds into SAVP which has done better since . (( D )..mass sale 1619 zar )).

Ripley94 13 Jul 2019

Conversion is a@67p at the moment LMI…, XXXX Worked out the price achieved was equivalent to 92.3p. And the cost with euros refunded etc ( clear as mud ) appears to be £ 9 The price on the Thursday, four days later up 8% at equivalent 91.60p . ( ex rate involved £ been low against Euro ) Near the 100 old rights price. Be interesting to see how difficult to move the ones I have left in future . Long chat to Osca ( D ) at 5 … The big gamble here might pay off.

Ripley94 12 Jul 2019

Conversion is a@67p at the moment LMI… XXXX This the link to Toms purchases see i made a few buys after . Nice _to _ Michu was a buyer as well , must look how Ashley House did since .

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