Well that's it, they've got it, and got it cheap. The hedge funds etc who have been mopping up above 171 aren't going to sit around for years waiting for FR to come good and the poc to improve. I surmise from recent volume that they will have enough to get GRAM will towards control. Plus a few from management and quite a few who follow management advice. Then there will be a heap more of us that will sell on the inevitable change of control. I don't really want to be in a company under Chinese control whether it has 45% or 65%, esp. not when it is operating in places like Laos and PNG.
Sometimes things don't go to plan, and it becomes time to move on. I plan on selling in face of the inevitable.
Anyone know a good base metals investments? I will only have IGO(a heap) and OZL(a few) left.
EL
Ann: Second Supplementary Target's Statement, page-2
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