Yes. Im surprised there hasn't been comments yesterday even with all the great announcements. Im all out now at 93. was thinking to follow the price down to collect but sat patiently wondering.
I gathered that we may well get the 1$ or 98 cents back by november december in 3 tranches and then a income payment with tax yet to be figured. This capital returned is much easier as no tax obligation i suggest?
So this morning, i felt there maybe some arbitrage to buy more and pick up 10 or 20% in 5 months with a little of this too wait maybe a year for. But that annualised would be a great investment.
Alas, my shares sold prior to my decision.........but then I found that this amount to be returned may only add to 75 cents and the balance adding to total NAV which may fluctuate from a $1 less costs to give this buyer aprox 1 to 8 cents for the trouble. Thats above cash rates for sure and Id gather a fund buying would need some loose mandate to buy shares on china market that will indeed really shortly be FI and with unhedged investment in US$ in china.
This potential profit I now am happy for them to have so that I can move on. Definitely.
The lithium focus has attracted my interest for a year now and it may serve me better there?
Its well explained in the market releases but i didnt spend enough time on them
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