Sibanye Stillwater (SBSW)

[goldenpolarbear]

Wrinkles, GOLD is still hovering below $1300 USD and Sibanye stocks will handsomely improve once it recovers yet again....

Interesting, when and if Kerr Mines has their AGM on Oct. 24th as mentioned via Sedar with any positive news these stocks should s e r i o u $ l y POP! imho

http://www.investorx.ca/search/00003818/kerr-mines-inc

With an experienced team in place, Kerr Mines implements a strategy to create profits for shareholders.

In the Western United States, and in Arizona in particular, the mining industry is a vibrant and valuable part of the economy and has been for more than a century.

There is an incredible inventory of economic mineral deposits in the rust-colored lands. When combined with pro-mining communities and government, Arizona ranks in the top 10 mining jurisdictions globally. This makes the state a highly attractive location for mining companies to invest.

Claudio Ciavarella knows this all too well. He’s a professional accountant by trade, as well as a private business owner. As a long-time investor in the precious metals space, he has a deep understanding of the mining landscape.

For the past 12 years, Ciavarella has been an investor in Kerr Mines and its Copperstone Project, a high-grade, fully permitted gold deposit. Today, he is the second largest shareholder of the company, and its CEO.

“There are many aspects that make Kerr Mines unique from other junior mining companies,” he shared. “As a private business owner, I know how critical every dollar is to the success of a company.”

A Company in Friendly Hands

In early 2016 the company was facing financial difficulties. At the time, the sector was also suffering and many companies were facing bankruptcy or being sold below book value.

“I decided to become more active in the company,” Ciavarella said. “I met with one of the large shareholders (now the Chairman) and we both agreed that we wanted all the shareholders to participate in the upside of the business rather than see it go into bankruptcy.”

The pair agreed to implement a significant turnaround strategy. They purchased all the debt from the debtholders, injected fresh capital into the business, and in April 2017, Ciavarella took on the position as CEO.

“This decision gave us a lot of credibility in the market,” he commented. “It was definitely a unique approach and one that was not expected. Purchasing and restructuring all the debt significantly de-risked the company as all of the debt moved into friendly hands with long-term maturities.”

This afforded the company with the necessary financial stability to allow the management team to move the Copperstone mine forward and continue creating shareholder value.

The Copperstone Mine

The Copperstone project is a former producing mine with high-grade gold resources defined. When Kerr acquired the asset—which included a land package that is approximately 3,600 hectares—the company’s geologists believed there would be tremendous exploration potential for adding to the existing resource.

As such, the opportunity to continue creating shareholder value through the implementation of its exploration program became a key strategic focus.

Previous drilling efforts from the publically-traded company that owned the Copperstone Project before Kerr indicated that the Copperstone asset is a high-grade gold project. There is 43-101 compliant historical resource of approximately 300,000 ounces with a grade of approximately 10 grams per ton.

“The aspect that creates our confidence as we move forward is the fact that previous drilling on the project has been successful in identifying additional opportunities that were never pursued due to lack of capital, we are pursuing these and other targets to expand our resources,” said Ciavarella.

In addition to the many highly attractive features of this project, which include prior successful production of over 500,000 ounces of gold from the Copperstone zone, an existing resource, a huge land package with tremendous exploration upside, excellent supportive mining jurisdiction, and all permits in place, is the added benefit that all infrastructure required to operate a mine are in place as well.”

https://thebossmagazine.com/mining-industry-kerr-mines/#

Wrinkles, I wonder if Waterton Global Resource or Barrick will try to acquire any of Kerr's golden assets while the POG is down?
https://www.watertonglobal.com/login.html

[Wrinkles]

SBGL $4.57...bounce baby bounce....$$$$....

[Wrinkles]

SBGL $4.48...looks ready....

[Gliderider]

Thanks for posting that release.Did not find that in any of my searches.

[joe_techi]

This is the reason

Sibanye launches $450m convertible bond

South African mining company Sibanye-Stillwater will sell bonds worth $450 million convertible into stock to refinance a loan used to partly fund an acquisition, the company said on Tuesday.

Sibanye plans to set the conversion price in a range of 30 and 35% above volume-weighted average share price during Tuesday’s session.

Shares in Sibanye, which bought sole US platinum producer Stillwater last year in a $2.2 billion deal, fell 9% to R15.94 as of 0748 GMT, reflective of the dilutive impact of the bonds.

The 2023 bonds are expected to carry a coupon of between 1.625% and 2.375%, and are payable twice a year.

Sibanye, rated Ba2 with a stable outlook by Moody’s, said it would set the final conversion price and coupon later in the day.

https://www.moneyweb.co.za/news-fast-news/sibanye-launches-450m-convertible-bond/

[joe_techi]

Maybe this? I don't know but maybe a buying opportunity here soon
https://seekingalpha.com/news/3295483-south-africa-places-controversial-new-mining-charter-hold

[Gliderider]

1 million shares dumped in the first 10 min.Can any of you "pros" explain this?

[ven69]

There are a lot of things that should be illeagal in the wall street game but wall street runs big business and big business runs the government. Giving the market a ten day break while I enjoy this lovely bender IV been on.

[Gliderider]

Watching spot gold trade on a live chart makes me want to pull my hair out.I'm assuming the 30 min.cycles I see are the trading bots sucking millions or billions of out of the markets.I think trading software should be illegal.If I had one I guess I would change my mind.Anybody have an extra.

[ven69]

http://m.nasdaq.com/symbol/sbgl/dividend-history

Just going off the history. Twice a year. I have no idea if they cut it though

[Gliderider]

Thanks. That's probably why I could not find any info.

[ven69]

I believe it's twice a year looking back on it

[Gliderider]

Anybody on here know if Sibanye has suspended dividends?

[goldenpolarbear]

KERR MINES AWARDS KEY-CONTRACTS FOR-THE-2017 EXPLORATION PROGRAM AND PRE-FEASIBILITY STUDY

TORONTO, Aug. 8, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has completed the tender process and has awarded the three key contracts to support the execution of the 2017 Copperstone Mine exploration program and pre-feasibility study.
Hard Rock Consulting ("HRC") of Colorado, has been appointed to conduct the Copperstone Mine pre-feasibility study, which is estimated to be completed by Q1 2018. The pre-feasibility study will be the basis for the decision to proceed towards production of the Copperstone Mine.

In addition, Godbe Drilling LLC ("Godbe") of Arizona, has been awarded the drilling contract, which includes both the surface and underground drilling programs.

DMC Mining Services Corporation ("DMC") of Utah, has been awarded the contract for underground development. The inclusion of the underground development allows the 2017 Copperstone Mine exploration program to access high-priority targets previously unavailable.

HRC is recognized for delivering expertise and providing value added service directly from the highly experienced principals to a variety of mining clients ranging from due diligence to full feasibility studies. This allows HRC to take a hands-on role in providing a cost-effective and prudent move forward strategy. Both Godbe and DMC have extensive experience in their core businesses and share a proven ability to achieve safe performance and deliver excellent results under a variety of conditions. These appointments establish a key milestone in the Company's development strategy by employing strong expertise in engineering, drilling and mine development, in order to advance the Copperstone Mine project towards a production decision.

A competitive bidding, evaluation and selection process was carried out by senior management, which led to these awards. "We are very pleased to have completed the process of selection of the engineering, drilling and mine development contractors, enabling Kerr to execute the 2017 Copperstone exploration program and pre-feasibility study. Detailed planning of the program is well underway and contractors are preparing to mobilize," said Martin Kostuik, President, Kerr Mines.

About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within 12,000 acre a land package which includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.

Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Kerr Mines Inc.

http://kerrmines.com/release/?id=122656


https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/35024-kerr-mines-awards-key-contracts-for-2017-exploration-program-and-pre-feasibility-study-at-copperstone-mine.html

Well let's hope they fine further high grade gold at Copperstone under the open pit...? It will increase their odds of going into production in early 2018... Well, it might be a good time for Sibanye to start following this stock?

[JefftDecker]

SBGL starting to look good,Im not going to let this one outta my sight

never considered the dividend. good show

[ven69]

8.3%dividend yield as well.
Daily chart vbp. Largest bar at $5.00
Obv starting to trend up.
Williams %r seems like a strong swing trade indicator for the chart, overbought right now, weekly chart it's oversold. Pivot point and 50 dma at 5.00.

[JefftDecker]

SBGL i might sell some covered calls when RSI =70

i might try and hold this back to $20

[ven69]

Just started looking at it. I'll be a buyer at 50 dma

[JefftDecker]

nobody following this stock

[goldenpolarbear]

KERR MINES is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 12,000 acre land package. The focus for the Company is to maximize Copperstone’s potential by defining and expanding current resources and strengthening the mine’s economics leading to a production decision.

http://kerrmines.com/wp-content/uploads/Kerr-Mines-Fact-Sheet.pdf

COPPERSTONE HIGHLIGHTS
- Fully permitted with extensive infrastructure in place
- Historically produced ~500,000 oz Au
- Contains 313,000 oz M&I resources* – open at depth
- 11,800ac land package
- Significant exploration upside

MANAGEMENT TEAM
Claudio Ciavarella | CEO,
Director

Martin Kostiuk | President,
Director

Brad Atkinson | Director, Exploration

Chris Hopkins | CFO

BOARD OF DIRECTORS

Fahad Al Tamimi | Chairman
Peter Damouni | Director
Ayman Arekat | Director
James McVicar | Director

TECHNICAL ADVISORS
Patrick Downey
Michael R. Smith

Sibanye acquiring the Copperstone Mine for .... might just...?

[joe_techi]

I did get my stock rights exercised last week. Could be a small bit more to the bottom, then on up. Holding since my average is not too far above current pps.

[million_dollar_mafia]

Sold everything at $5.20 not sure if it'll go lower then this tho. Anyone thinking about buying at these levels?

[million_dollar_mafia]

Fyi got my shares tofay

[million_dollar_mafia]

Well they took my money out of the account already today. Will let you know when shares arrive.

[joe_techi]

Not yet, I think they said after 6/9. Will let you know, you do the same. GLTU

[million_dollar_mafia]

Did you get your shares yet?

[million_dollar_mafia]

Miners been acting weird. Seems like investors won't buy until a solid gold break out above $1300 range.

[joe_techi]

Same here. PPS would need to go into the 2s for me to buy the same number of shares. Hopefully a bargain, need to get that gold/metals/mining mojo going. Not much mojo the last couple of weeks

[million_dollar_mafia]

I bought the rights. Apparently it'll show 3-5 days after expiration of offer

[goldenpolarbear]

I wonder if Sibanye Gold will try to acquire Kerr Mines or at least the Golden 'Copperstone Mine' ?

"Kerr Mines Interviewed on CEO.ca
TORONTO, ONTARIO – May 29, 2017 – Kerr Mines Inc. (“Kerr” or the “Company”) (TSX: KER) recently sat down with Peter Bell for an interview on CEO.ca. During the interview, Claudio Ciavarella, CEO, and Martin Kostuik, President, provided an update on Kerr Mines and their strategy for advancing Copperstone this year."...

https://ceo.ca/@Newton/interview-with-martin-kostuik-claudio-ciavarella-kerr-mines-ker

Kerr Mines might be leaving the golden train station with a bright golden light at the end of the tunnel as SIbanye has fortunately already successfully done IMHO!

cheer$,
GOldenPolarBear

[joe_techi]

Yes, my rights show in my account and just need to decide whether I am cashing them in or buying more at 3.48

[million_dollar_mafia]

Did you already get the rights?

[joe_techi]

My understanding is that you have to make a choice or you get nothing. So choose to buy the rights or sell the rights. If you do not choose you end up with a real loss (the drop is pps you saw on your fixed number of shares). Good luck

[million_dollar_mafia]

True true my brokerage is Robinhood and they're charging $50 to execute either way. Not sure I want to roll the dice but we'll see.

[joe_techi]

My understanding is (check with your broker) you can sell the rights now or as soon as your broker has the paperwork but if you buy it will not credit unti June. I do not have that exact date yet

[joe_techi]

I called my broker today who was unaware but they made some phone calls. Said on Wednesday they would have the paperwork. I should call in Thursday/Friday to get the instructions and then provide my druthers. I already know what the choices are so just need to see/decide if it makes more sense to buy more and average down or take the rights money and reduce the cost basis of my existing number of shares. Right now for me it is a difference in pps(total holdings) of about $60 in favor of buying more. But of course that costs quite a bit more money...and I end up with more....which maybe I can then sell to average down more. So, do I feel lucky punk? lol

[million_dollar_mafia]

Does this mean it won't show up until May 29?

[joe_techi]

More information here
https://www.theocc.com/webapps/infomemos;OCCPROD0PUBSESSION=A2031AEF5FEDD572D0DC18CAC25902ED.occ-ppube5l?number=41188&date=201705&lastModifiedDate=05%2F18%2F2017+14%3A31%3A43

[million_dollar_mafia]

When will these rights show up?

[joe_techi]

Sibanye Rights Offering Explained

https://seekingalpha.com/article/4074712-sibanye-rights-offering-explained

[ClayTrader]

* * $SBGL Video Chart 05-19-17 * *

Link to Video - click here to watch the technical chart video

[steez]

steez loading big time this is bargain price ......

[Ichauway]

Had a friend sell this yesterday morning. What great timing! Has been on my watch list a few weeks, but didn't buy it. Yet.

[joe_techi]

screwed by big money

[shotgun]

buy all you can and be happy.

[million_dollar_mafia]

Need us approval and this goes to $11+

[geodan]

sbgl key reversal up today

made news low gap down, now up for day

[Nuru]

Sibanye up and down as a rollercoaster. Let´s hope there is no fraud as with Great Basin Gold being in preparation.

[Nuru]

Looks like this will take some more time. However, I am sure, Sibanye will not go for the risk of having problems with Credit Suisse and other big GBGLF shareholders concerning Burnstone. For us is good that the Holister fraud is so much blatant that it cannot be omited.

[goldenpolarbear]

South Africa just dodged a recession. The last thing it needs is another shock.

Losing the man overseeing the economy would be one such blow and the risk of that happening just jumped.

Prosecutors on Tuesday charged Finance Minister Pravin Gordhan with fraud, news that went down badly with investors.

http://money.cnn.com/2016/10/11/news/economy/south-africa-pravin-gordhan-fraud/index.html