UPDATE: Sibanye drops another 23% almost at target

21 Nov 2023

Yes we made a probability prediction on this large move down.

It's close to the target of R16.89.

But it's never good betting or hoping for a stock to crash and burn.

There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down...

This is a reminder that when markets are dropping, they are dropping for a reason. They aren't falling to go back up - They aren't roller coasters...

So don't think you've caught the bottom when the bottom is still a while away.

We can expect more downside and with Sibanye-Stillwater launching a US$500 million senior unsecured guaranteed convertible bonds coming in 2028.

We can expect more turbulence. Be careful out there. It's a moshpit for those who aren't risk averse.