So then in theory whether the board accepts or not it is really up to Allan Gray!
Surely they are smart enough and realise the situation has changed for the worse and listed investments are all about the time value of money and opportunity cost.
Surely Allan Gray would want $1.50 now, which would be close to 6% of their Fund and look to re-deploy in other less politically sensitive undervalued plays!
If Allan Gray don’t accept than I think their unit holders should ask serious question on their investment decision making skills.
BRS Price at posting:
$1.12 Sentiment: Hold Disclosure: Held