Un­der se­ri­ous pres­sure

Finweek English Edition - - SIMON SAYS -

It may only be Fe­bru­ary but we might a l ready have t he Sens head­line of the year from Vil­lage Main Reef – ‘ Heaven-Sent to make Cash Of­fer’. This is surely the best name ever for an ac­quir­ing com­pany, es­pe­cia l l y when t he com­pany be­ing ac­quired is un­der se­ri­ous pres­sure i n a ver y tough in­dus­try as Vil­lage is. I know many mi­norit y s ha r ehold­ers a r e deeply un­happy with t he of­fer and plan to vote ‘ no’ when it i s put to share­hold­ers. But Vil­lage has as­sets i n a t ough i ndustr y, a nd buy i ng margina l j u n i or gold min­ers is not t he sure t hing many mi­norit y share­hold­ers thought it would be. I would sug­gest tak­ing the money from Heaven-Sent and f in­d­ing lower risk and more prof­itable places to in­vest.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.