Is it possible these 2 funds (M&G and Vanguard) are linked in some way?
Its curious both of them also bought heavily into Resolute Mining over the past 12 months.
Might be more than a coincidence, they both have an excellent track record in recognising undervalued stocks.
Pity the local funds have no idea!
Judging by their track record I think we'll see more on-market buying by both groups over the next few weeks.
Now we just need the exploration team to nail an elephants rear thigh and call it IOCG ;-)
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