RE: Article on UMMC / debt8 May 2022 08:42
Interesting. My first post so apologies if it goes in wrong place. I’m very new to this but for what it’s worth here is my take.
I agree. I was worried about nationalisation of POG, however, that approach does not make sense (or doable?) as gold sales may then be vulnerable to further targeted sanctions. The fact that POG is a ‘UK’ business is advantageous and seems to have protected POG from sanctions this far.
The buying of gold from third parties such as China and India would be much more palatable for these countries should the business remain UK owned, although this ownership is obviously a smoke screen, given the share holders and BOD.
I have a fairly high average 2.49p and have resisted lowering as when/if the share goes up, I’m pretty sure it will GO. Or I’ll loose my investment, which will teach me for not taking profit.