COMPANY COMMENT: Investors send a clear message to Lonmin
The options left open to Lonmin are to bring a partner into its Rowland and K4 mines and the sale of a portion of its excess capacity
Lonmin’s shareholders are skittish and the slightest hint of bad news sends them running. Witness the latest statement from one of the world’s major platinum producers, saying it was delaying its full-year results until it had finalised aspects of its asset review.Sadly, James Gubb’s first brush with protest art looks likely to be his only one, so no chance of a Banksy-meets-financial-sector body of artwork on the horizon. It’s not just that Gubb has become one of the most famous names in the local business community, which means no chance of Banksy-style anonymity. He also seems uninterested in giving up his day job as a trader for the uncertain future of an artist. Gubb, who became an overnight media sensation when he was slapped with a R100,000 fine by the Financial Services Board (FSB) for desecrating the sanctity of the JSE, has produced a remarkable piece of performance/protest art, one that deserves a place in the Zeitz Museum of Contemporary Art Africa. The trader was unders...
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