Sovereigh risk is always a factor with any mining activity in any country.
Until now, I have not been directly impacted, and in all honesty, did not price the risk into my LH profit projections and PDN's 75% share of it. I might say being very heavily invested, today's SP fall has created a rather large value investment crater for me.
The only comfort we can take right now, is that Chinese interests control the other 25% of LH. I don't think they will take any form of asset confiscation lightly.
There may also be just a couple of legal hoops the Namibian brains trust will need to jump through for this minister and the government to be taken seriously.
Smart or not, got a few buys in this morning around the current lows, which I cannot know whether I will live to regret or rejoice when trading opens.
GLTASH
Ann: Trading Halt, page-11
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Last
$13.43 |
Change
-0.150(1.10%) |
Mkt cap ! $4.015B | |||
| Open | High | Low | Value | Volume |
| $13.55 | $13.56 | $13.17 | $20.07M | 1.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74 | $13.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.44 | 9093 | 3 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |