Ouch: SBGL
If anyone was holding Sibanye Gold, this sucks. They did some sort of rights offer at a hefty discount and the shares are down over 30% today.
If anyone was holding Sibanye Gold, this sucks. They did some sort of rights offer at a hefty discount and the shares are down over 30% today.
https://seekingalpha.com/article/4074712-sibanye-rights-offering-explained
you are wrong..they did a rights offering.. so many people have this wrong.
Neil this article covers the point re the share price drop and the rights issue.
https://seekingalpha.com/article/4074712-sibanye-rights-offering-explained
Hope that helps.