I put up something that should be known to all shareholders of the company, without comment, and instead of debate people just want to attack the messenger.
Has anyone thought whether Randgold might challenge this through the courts system?
Assuming it came from Reuters one would assume it is true, but in the article it also mentioned this has been happening over the last 3 days. I would assume some large shareholder knew about this and has been selling.
Is this a case of sell the rumour that has been happening, and buy the fact now that it is out, or did so few people know that there might be further selling??
How will this affect BGS?
Could it be that this is good as it makes access more likely to the processing plant sometime soon? Is it bad because it could be dragged through the courts for a long time??
If the Govt there that was meant to be good and stable can just do this at a whim to a large company like Randgold, what does it mean down the track for us??
There are lots of questions and debate that this raises, but people just want to attack the messenger, that is immaturity.
To me this explains a lot of the selling since 50c, as some insiders have known about it, and it also brings to question of whether you want to do business in such a country that does not use the court system, but just seizes assets out of the blue.
I would expect a spike down in the share price on Monday, but that might be the bottom, as the selling has been happening for a couple of weeks. It would be very interesting to see where the constant selling has come from!!
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