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Sibanye Gold

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Occasional Contributor

Does anybody know why I cannot short Sibanye here? Are there any other brokers where one can short it?

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Contributor
Hi there,

SGL is not available for short positions at the moment due to the upcoming corporate action (rights issue).
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Super Contributor

You can buy a "sell cfd" that is effectively short selling sibanya

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Super Contributor
  • "You can buy a "sell cfd" that is effectively short selling sibanya" 
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Valued Contributor
well no, aside from why the extra complexity. It same implication as it still a short
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Contributor

Hi People

Stupid question

Can someone please explain to me why if the Sibanye Rights Offer is at 1128c why are there sales at 750 - 800c?

If I buy at 750c will I get it allocated or not?

Thanks for the answer

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Valued Contributor
if you buy the NPL that entitles you to BUY a new share at 1128c. Point is you have to still buy the new share at discount
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New Member

Hi

Can some one please explain the Sibanye NPL right issue. To buy the right I need to pay R4.19 plus broker fees , to convert the right into an ordinary share I need to pay R11.28 per right.  Currently Sibanye ordinary shares are R15,40 ? Is this right worth it though?

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