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The honest answer is that no one knows. All the progress and future developments are in the RNS and I personally feel the increase in SP will be gradual, invest and enjoy the ride, it’s a long term investment I believe :)
This will continue to slide, the compensation will be a lot more than KDR will want to pay or the landowners will want a percentage of the find on top of the immediate compensation. This share is not for the faint hearted, respect to those who keep the faith :)
FCA release…..point 9 of further information https://www.londonstockexchange.com/news-article/market-news/fca-updates-position-on-cryptoasset-etns/16369941
Just MMs playing with the SP, the buys are only 500,000 less than the sells, patience guys, this should be a long term investment so who cares about these fluctuations based on no news, just goes to show how feed shares are truly available. It’s frustrating when we see other shares flying on LSE and we go down, I’ve had my shares for a while now but still have my eye on an out price, miles away from that. No news is good news on this share:)
No bad considering the Middle East & Eastern Europe conflict and the engine issues. The compensation will address the loss and the company has a healthy bank balance. No need to raise cash, lots to be positive about. No DaveKov the troll will rubbish the results and company, he’s been quiet the past 2 days when the SP has been going up, he’ll be falling over himself with words of wisdom today when/if the SP falls, idiot, reckons he’s invested, liar!!!
SEC Obtains Final Judgments Against Rio Tinto and Former CEO
On November 20, 2023, the U.S. District Court for the Southern District of New York entered final consent judgments against Rio Tinto plc and Rio Tinto Limited (collectively, “Rio Tinto”) and Rio Tinto’s former CEO Thomas Albanese. The entry of the consent judgments resolves all claims as to Rio Tinto and Albanese arising out of the SEC’s October 17, 2017 complaint, which alleged, among other things, that certain of Rio Tinto’s public filings contained misleading statements about the value of its Mozambican coal assets.
Without admitting or denying the allegations of the SEC’s complaint, Rio Tinto consented to the entry of a final judgment permanently restraining and enjoining it from violating Sections 13(a) and 13(b)(2)(A) of the Exchange Act and Rules 12b-20 and 13a-16 thereunder, ordering it to pay a civil penalty of $28 million, and requiring it to retain an independent consultant to review and evaluate its compliance with accounting standards and to cooperate in the SEC’s ongoing litigation against Rio Tinto’s former CFO Guy Elliott. Without admitting or denying the allegations of the SEC’s complaint, Thomas Albanese consented to the entry of a final judgment permanently restraining and enjoining him from violating Section 13(b)(5) of the Exchange Act and Rule 13b2-1 thereunder, requiring him to cooperate in the SEC’s ongoing litigation, and ordering him to pay a civil penalty of $50,000.
I’m surprised in a way but not surprised when you consider how the funds raised will be spent, I don’t have a problem as I have every intention of holding my shares long term, next year will be s fantastic year:)