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Podcast: WorldWide Markets with Simon Brown
Episode: JSEDirect 184: Q&A with Warren Peacock
Description: Thoughts from Simon
Sibanye (SGL) buying Anglo Platinum (AMS) unwanted mines for R4.5bn. This is R1.5bn up front and a further minimum payment of R3bn based on free cash flow generated. Good for AMS but for SGL we'll see. Can Neal Froneman (CEO of SGL) make profits where others couldn't? Certainly that is his reputation but this is not going to be easy. Also SGL shareholders now have a gold/platinum company when they initially bought a gold mining company, will that matter to shareholders?
Sasfin (SFN), more great results form them and they're trading...