RE: Mms fishing trip17 Jul 2020 10:12
Ordinarily i would fully agree bigmj, it pays to be shrewd with investing and keep any risk as low as possible. However, someone who would potentially aquire MT has been in the background here for a number of years now.
As this has progressed, at quite an early stage in the recent chapter, they added another investment banker to the BOD. Investment bankers only know how to make deals and make money, it's just what they do.
When they got to the stage of Alexei being on the board, his background is of working at the senior level and so brought a very big lever to the whole situation imho.
And we do know what's going on, a FSP ran through UBS, it is in RNS. Both UBS and Citic have signed engagement letters on a success fee basis.
I do think having a larger investment here may have persuaded you into de-risking a little prematurely tbh, but each to their own with investing.
Is your remaining holding now here for the end game of the FSP?
GLA