Von
People sell for many reasons. Too many to list. The political mess is a good start.
The mpsa is not directly for Mabilo from what I've just read. The political madness with Lopez must have upended the entire process. Rtg must need to get any consolidated mpsa through the new administration regardless otherwise Lopez will use it as an example to spread lies and mischief. I suspect, but don't know for sure, that until that happens, the mpsa is not material.
In some ways, if the company had said that, it may have given people the wrong impression. I was hanging out for some good news but the country voted in a bunch of difficult and unhelpful people. The Filipino people are the losers here.
I think the asx won't understand how the Philippines works, they do well to understand the Australian market.
RTG Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
