any truth to rumour

[gmoney]

has anyone heard any truth to the rumour that there may be a deal here

[Mr_S]

what rumour?

[_nova]

what are you talking about gmoney? If it's the Anglo Plats deal where WEZ is taking up AP's 37% stake, well that's old news.

[gmoney]

it must be ,i have not been following it.

[gmoney]

it must be ,i have not been following it.

[Marno_1]

Good sense out today. WEZ shown good recovery during this weak. I wonder if we will see it soon at levels of 650 again.

[_nova]

Have a look at the article of fin24.co.za Mike Solomon is a smart CEO. I said a while back that WEZ is uniquely positioned to weather the troubles in that they can simply delay aspects of the project to protect capital and avoid dilution of value and that's exactly what Mike is doing by tranching the mine development. Once again he is bringing a whole new innovation to mine development. WEZ can hedge themselves by protecting available cash and by delaying big spend items not core to the project. Other small operators who are operational do not have this luxury and are feeling the pain

[Major]

he's still got to find R5billion over the next 5 years. While he's got R300m in the bank now, he can't bring any project to account until he can raise debt - which remains very difficult in this environment. Wez will be a survivor of this shake out - but in what form remains unclear.

[#9]

if you cant put the money to work????