Just on a side note:
Just noticed perpetual reduced their holdings in SGR by 1% I own another share called sierra rutile holdings which perpetual dumped their holdings in a few months ago after some bad news. Similar situation as asset backing of sierra was over 4x what price perpetual sold at. It has since more than doubled in price.
perpetual have sold out of SGR at a market cap of $1.2B(debt free) while their net assets are worth $2.5 billion.
perpetual know how to burn money. Possibly why their share price is also in the toilet!
I made plenty on sierra and have loaded up on star the past two days. Thank you again Perpetual.
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Just on a side note:Just noticed perpetual reduced their...
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