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Wiseman buys R1.5BN AngloGold

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CrownA
Super Contributor
A director Wiseman Nthulu(something like that) bought R1.5Bn of AngloGold on Monday - where they get that size of money? From under the matress?
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9 REPLIES 9
CrownA
Super Contributor
And that was at 19400 - ANG sitting at 25450, a profit of +25% already. Nice to make R400m per week!!
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CHATTYCHAT
Super Contributor
Non-Executive, Nkuhlu, Wiseman L, Prof BCom, CA(SA), MBA:30 Jun 2008 Arisman, Frank B: Buy 4000984 @ 19400 R776190896.00; Nkuhlu, Wiseman L: Buy 8000197 @ 19400 R1552038218.00; Edey, Russel P: Buy 1000246 @19400 R194047724.00 -- -- E shareholders and AngloGold Ashanti ADS holders is at a subscription price of ZAR194.00 per rights offer share or ADS and in the ratio of 24.6403 rights offer shares for every 100 AngloGold Ashanti shares or ADS held (extract from SENS)
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striker
Super Contributor
That's BEE for you -- Far too much for far too few !!! B ull***** E lite E nrichment !!!!!
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SimonPB
Valued Contributor
actually this is not BEE, is is the rights offer that had a take up price of R194 ...
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mosismoke
Contributor
This is not a BEE transection every holder of Anglogold shares was send a number of shares that he/she can buy at R194. See sens on Anglogold
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striker
Super Contributor
Maybe , but old Wiseman got there thru BEE in the first place did'nt he ??? Nothing against the man , but Economic upliftment is not about one Black individual being enriched to that extent, while masses go without jobs, food and shelter !!!
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mosismoke
Contributor
I do not want to turn this into a black and white debate but I know a white CEO who earns R40m (inclusive package)per year when most of his employees are taking home R1900 per month. however two wrongs do not make a right. Let us stand against "elitesism" and injustice.
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striker
Super Contributor
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Robbie
Regular Contributor
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