A shocking state of affairs26 Apr 2025 06:52
Firstly, someone mentioned Paul Hill of Vox. For me, I have a lot of respect for Mr Hill and the service that he provides. He seems a decent person. Nevertheless I would not gave had 10% of a portfolio in an AIM company, which I believe Mr Hill had. It is just too risky.
As to the RNS announcing the takeover. For the company to write "Argentex are pleased to announce." How about replacing 'pleased' with 'embarrassed'. They mention the weakening of the US dollar, but Trump's erratic behaviour and decision making is well known. Plus the Dollar hasn't collapsed, it has moved, but not collapsed. In any case hedging against any such currency movements surely should have been in place. It's basic risk management. Staggering given the company are/we're 'experts' in currency exchange management.
I feel sorry for anyone who has lost a lot of money. Having been in past situations, it hurts. So, perhaps switch off the computer and take love ones to the beach, it may help clear the head.