SRX is a special case atm- fascinating action. Shareprice decline due to re-write to occur with the National government, of formerly signed deal wrt royalties / taxes etc, Unfortunate. Although cannot blame the govt fully for wanting to gain more tax returns with corresponding higher rutile prices.
But there is more. A heist perhaps for control of the company itself by a major fund shareholder. Seeking to extract best value perhaps for the significant assets. Potentially.
It shouldn’t be bad overall for shareholders but might be complicated, The board has a bit on their plate atm with renegotiating with the country’s government + making it worthwhile for shareholders to also hang in for profits and further development & mining ongoing. All is actually very profitable.
SVM Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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