Ann: March 2023 Quarterly Report, page-4

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.