Its just a single custodian in FIL, it is not FIL themselves it is just JP Morgan. the rest of the custodians are sitting still. Or have thus far at least.
They must have a very good reason to be cutting off their own nose to spite their face.
JP M are a 22.5% share holder of Arafura . There could be a dozen reasons for their divestment to make sense.
The truth will come out in the wash shortly. until then the state of the company doesnt change at all.
still a flawless balance sheet and big assets on the books that are not recognized.
IC must be hitting the nurofen plus pretty hard right now though.
Why the big drop?, page-4
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