Sibanye Stillwater (SBSW)

[goldenpolarbear]

"... Britain's mint is making big money from gold rush
by Ivana Kottasova
July 26, 2016: 11:51 AM ET

Why gold is considered an investing safe haven

The Royal Mint has struck gold with its bullion trading business.

The company, which is owned by the U.K. government, makes billions of coins for 40 countries. It posted the highest revenues in its 1,100-year history on Tuesday, as revenues from gold and silver trading soared 64%.
At the heart of the growth is a new online trading service, which makes it easier for investors to buy and sell gold. Nearly 20,000 accounts were opened between the launch in 2014 and the end of March, the Royal Mint said.

With record low interest rates, gold and silver have proven popular alternatives to savings accounts.
"The growth in our bullion business has been built across many activities but our increased competitiveness in the U.S. silver market has been at the center of our growth," said Adam Lawrence, the mint's chief executive.
Gold and silver coins produced by the mint are now accepted as investments within USA Individual Retirement and Health Saving Accounts...."
https://www.sec.gov/Archives/edgar/data/1561694/000120561314000049/sibanye_osprey.htm

http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/

http://money.cnn.com/2016/07/26/news/gold-silver-royal-mint-record-revenues/index.html

With the SEC taking a direct interest, as well as, the varied shareholders and financial institutions. It would be wise to let these horrific GBGLF shares hit zero ASAP and let them drift away into oblivion... $o...

The fact they have not ... ? Why would Sibanye Gold allow these GBGLF shares to trade if they outright own and control the Burnstone Gold mine? Hmmm?

Unless the Business Rescue Plan is actually being followed? Who knows, well Neal Froneman and probably RonThiessen...

Sibanye Gold wishes to advise that it has successfully concluded its detailed due
diligence investigation in relation to Southgold Exploration Proprietary Limited
(“Southgold”) and that it has taken the final decision to proceed with the acquisition of
Southgold subject to the implementation of the Proposed Transaction and the fulfilment
of certain outstanding conditions precedent listed below (the “Southgold Acquisition”).

Shareholders are referred to the Wits Gold announcement on 5 July 2013, where it was
announced that it had submitted a final binding offer (“the Offer”) to Mr Peter van den
Steen, the business rescue practitioner of Southgold, to acquire Southgold, the sole
owner of the Burnstone gold mine and assets (“Burnstone”) located in South Africa’s
Mpumalanga Province. The Offer was included in the business rescue plan that was
approved by creditors on 11 July 2013.

http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/