1. Sibanye decides to trade the Burnstone Gold mine via at first GBGLF shares and GBG shares are relisted with at least the JSE! This is the best case scenario for us IMHO and ensures Sibanye does not have all of its golden GBG eggs in one basket or under merely the Sibanye umbrella. This would be a win, win & WIN for everyone involved.
2. If Sibanye gets a little greedy all GBGLF shares would be traded in kind for only their present dollar value for Sibanye shares; normally the shareholders would need to at least be informed and possibly a vote would need to be held so this scenario seems a little less likely. This would explain why they constantly drive down the GBGLF pps.
3. Worst case and probable scenario, the Burnstone mine is considered simply SOLD and it is traded via Sibanye shares and GBGLF shareholders are provided with NOTHING.
Will it be scenario 1, 2 or 3 and when will Waterton show their golden Hollister colors?
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