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I don't think I would start investing here until the final result of the 'Skilled Person' investigation is complete.
There is little or no information from the company and we are not really sure whether the next dividend will be declared or not.
I would say there are probably much better (and safer) options out there for a stake in Financial Services.
It's actually the correct answer.
"If you hold your interest through a broker, bank, or nominee (or similar), you should normally
receive directions from such broker, bank, or nominee (or similar) on how to (electronically or
in person) attend and vote at the AGM or how to give a proxy or voting instructions. These
directions should be followed. If you have not received such directions, it would be advisable
to contact your broker, bank, or nominee (or similar) as soon as possible".
I know Trusts operate a little differently but I can't believe someone is dumping shares at this price especially with the tender offer on the table and 5% yield still for the coming year with the promise of much more after the refinancing.
Excellent effort and the prospects look very promising.
Are you invested here bangrak? If you are, I hope you exit today and cease with the moaning.
When the SP was 50p you were insisting on waiting for it to go into the 40's but it never did and now it's reached 70p despite the poor basket price and AISC margin. I hope not too many people were put off investing because of your doom and gloom. This is a well run and managed company with positive cash generation and a pile of cash despite the current low basket price.. think of the opportunities and the potential share price when PGM's start rising again.
Excellent news, great to hear about the progress. Looking forward to trying the first liquid from Ardgowan. Would be great if they could get it on supermarket shelves with our RedLeg rum and I'm convinced our distinctive Blavod Black Vodka would look good on UK shelves too.
Well they've committed $19m for the tender which is just over 12% of market cap so I guess if every single share was up for tender then you would be restricted to selling 12% of your holding.
It seems like a strong buy to me too but then I thought that when I was buying at over 50
So the tender offer is around 63p per share and although you might not be able to sell all your shares (or even want to at that price) I thought the SP might have risen somewhat more than it has. Might even be worth loading up with more at this price given the 2025 and beyond prospects seem good and there's still a divi (albeit reduced to maybe 5%) while you wait.
That's one opinion, another might be that buying back shares when the SP is significantly below NAV is good for shareholders.
Rhodium might never spike over 20k again, but it has done suddenly in the past (more than once), so you never know.
You pays your money and you takes your choice.
Good Luck to all holders.
This kind of criminal collusion between ROX, management and market makers needs a regulator able to step-in immediately and not 3 years down the line. Perhaps we should all submit bids for the company and start a bidding war.