Who is going to get a bargain!, page-910

There is a silver lining in all this waiting for RXm to do the deal. It goes like this.

One of the most difficult problems I have in investment is correctly allocating funds to commodities let alone the right commodity like Cu at the right time. I either go early like many did between 2012 and 2022 or overshoot when there's a Cu price jump like now.

So in my resources portfolio, I have several stocks that are capital raising and I'm more than happy to invest in them because commodity prices are up or appear to be on the up.

However, that's not the best time to invest in them. The best time is when they are at bargain basement discount price. In short, I'm in a position to over-investing right now. The beauty of RXM at present is they are negotiating very hard on my behalf to get the best deal they can. I put a decent amount in say 1/4 to 1/3 in on the 17c raising not too long ago.

They're not asking me to put funds in now (like most others at 25-27c). They're asking other miners. I think they'll do the deal and are in a position to hard bargain well a better roen than I am.

All IMVHO.
A bit like the BHP Anglo situation.