"RR remains British owned"4 Jul 2022 00:06
Could Corp investors have been awaiting this result/announcement? I read previous similar companies that went under US control went private. Maybe this will give confidence going forward for big investors?
We have the ITP sale coming up this month hopefully which will help with debt paydown and restructure, news of a replacement for Warren East should also give a nice jolt to the share price plus the earnings report. With all these positives I can see nice returns by Christmas, no point guessing share prices however I'm more bullish than bearish at this point. As we all know shares can swing rapidly on good and bad news, we've had a lot of bad already, I'll welcome the good news and hopefully it's staged out to give nice increases individually.
For the negatives we still have inflation worries and the media aren't helping with this. Oil prices still sky high, paying a premium for resources such as titanium, high debts still requiring reductions which could take several years to make a true impact on share price and Ukraine and Russia war could go on for years. People didn't seem to realise how much power and effect Russia has on the world economies, these sanctions were putting on them seem to be hurting us even more.