RE: Good info with Interims21 Sep 2023 08:53
Understandable that investors have reigned in their expectations with regards the value of the asset sale. Obviously the war has had a significant effect on value, the BOD confirmed that it had affected value. The thing is, it's the same buyers at the table, and therefore they are understandably trying to take advantage of the geopolitical instability. In my opinion, this can only take them so far in achieving a lower purchase price. Assets are being sold piecemeal to competing parties. Lets not forget, this region has been labelled as the next Bushveld Complex, a region that produces over two thirds of the worlds platinum group metals. One only has to revisit the resource figures, they are astronomical. The buyers are all from BRICS nations, an evolving trading block being actively encouraged by the Russian government to invest, partly as a play towards a more equitable global power balance. The chat of 60p or 70p may be realistic, but I would not be at all surprised to see total asset value settling at well north of £1.
Always best to do your own research, it will provide a nice warm comforting feeling that you've made the right decision in filtering out the illogical noise that is so prevalent on social media platforms.
Good luck to all those with the capacity to be responsible for their own actions and not have to project inner turmoil onto others.
Disclaimer: These are my personal opinions and do not constitute investment advice. Those with capacity to invest should ensure they are in receipt of relevant emotional capacity and resilience. :-)