There was a newspaper report this morning saying that lots of investors are running away from HL due to the increase in fees. HL described the situation as most people will pay less, some about the same. Further investigation indicates that that is not the whole truth. Let's hope that the HL investors end up here
Last week I posed the question about a 1:1 rights issue at 2p. It would probably get away at 3p today raising 50% more than a week ago. Am I right to be suspicious of today's rise?
In the 18 Jan RNS it stated that the outstanding hedge was 440 tonnes at US$3.49. Now we hear that it's 110 tonnes and that will be cleared very shortly. That is good, especially with a spot of around US$4.47