I have said this over and over but in guess you guys don't want to listen
M&G took a bath on RDR they sold at a large discount to cash backing and the funniest part was not lONG after RDRIM was trading at a large 200%+ premium tom hen evils they had sold at
even today RDR sits comfortably at a 50%+ premium to the levels they bailed at
from what I've understood their Vanguard Fund has had massive redemdeptions and reallocations
a seller who is desperate to sell will sell at any level regardless of fundamentals even cash at bank, what you need to focus on was who was the buyer as they would have done plenty of due diligence prior to buying and becoming a Corner Stone Investor
theres a saying people sell for many reasons but they only ever buy for 1, they hope to make money
GXY Price at posting:
3.5¢ Sentiment: None Disclosure: Held