Hi Rhys,
I understand the ‘*shock* *horror*’ emotions but let’s see where it closes and where tomorrow’s price action takes us before surrendering to despair?
Some big players are in at much higher than current prices and - with more than a million dollars worth of shares traded (around $1.2m currently) there’s been some significant financial play going on but it’s still only ~73 million shares (so far) which is less than half a percent of the ~ eight billion on issue at present .
Tom just presented in Canada, Graham’s due to present in Singapore in three weeks and the EPA approval for G&bbanintha is hopefully on track for the near future along with whatever other positive news might be released before that Singapore presentation.
To me it feels like maybe today has presented some exciting opportunities although I think the closing price will tell a better story.
And RCF has plenty of other irons in the fire and this particular fund (Number 7) actually has (I think) NO history of trying to buy out any of it its’ many investments https://resourcecapitalfunds.com/
cheers and best of luck to all.
AVL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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