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Guys, I know many of you have traded through the wage negotiations in the past wrt gold producers and NUM. What effect does a strike have on share prices for say Harmony, Anglo Goldfields etc. Is it the strike action or the result of the negotiations that affect the share prices if at all?
Based on the depth our gold mines operate at, there are always cost pressures and hence wage negations have a direct impact on these costs. If the rand gold price maintains current levels, then i would not expect is to have a material impact on the share prices...