SBGL +.68 to $12, new 52wkhi
Big pop in metals prices today! Gold +17, Platinum +25, rhodium +30, Palladium +180.
Given that SBGL is #1 worldwide in production of platinum and rhodium and #2 in palladium and #10 in gold, just today's price increases held for one qtr would add $100 million to topline revs and profits for SBGL.
It's only one day but today could mark new breakouts for gold and platinum.
SBGL is a unicorn metals producer. I am worried about the impact of the Coronavirus on China's auto sector(biggest in the world) but 2020 could be a very special year for Sibanye.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE