RE: Gdxj14 Mar 2023 08:59
simple reason in my view ...1 billion shares in issue, low relative volume to that and it pays a 2% yield. Large holders can get better short term and safer returns elsewhere but cannot get out without selling into any volume. In my view that base case will change over the coming months as end 2024 is projected to leave shanta with 30m in net cash... short term vs long been this way for the past year.