That's my point precisely, take out RBM into an existing re-stock and covid disrupted squeeze and the price will spike as pigment producers fight to fill the deficit from uncontracted sources. My view is that once RBM gets the security and government support they are demanding RBM will re-start, but that could be a year and thus the squeeze continues. Even if RIO decide exit RBM, they will sell down at a fire sale price to locally connected owners (probably with World Bank support) and continue operations because RBM is the largest single employer and tax paying company in Sth Africa I believe. It's too big and profitable to fail utterly is my call, but only time will tell. SFX will be a major beneficiary in both Ilm and Zircon pricing if it never re-starts so suits me fine...
I also have more pressing matters than to continue debating MRQ or min sands atm. Everyone invests accordingly to their own plan and beliefs, good luck.
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23 | 19247476 | 0.002 |
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Price($) | Vol. | No. |
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