CommissarJones wrote:Liberum speculated last week that Sibanye's takeover of Lonmin might fall through because of the effect on Lonmin's finances of low platinum prices and the stronger rand. But in yesterday's interim results, Lonmin said it still expects the deal to complete in the second half of 2018. And now the UK competition regulator has decided to stick its oar into the situation as well.
The price action of the two stocks is not pretty. Sibanye has dropped almost 20% in May, and Lonmin is down about 15%.
Is this the time to grow big cahones or to patiently wait and see what happens? I have no idea TBH, waiting has been a good policy so far, but can't really believe there is no value in these assets.
Lonmin has p'ed away a LOT of value though to be fair...