From LGL:
Despite posting a record underlying profit last week and paying a dividend we appear to have been more closely following gold price sentiment after announcements of the proposed IMF gold sales and the raising of the Fed Funds rate in the US. Some political tension in Cote d?Ivoire may be having an influence but all our operations there in both Abidjan and Bonikro are operating with business as usual.
There has been some portfolio re-balancing from our major shareholder BlackRock who inherited a large holding when they took over Barclays Global Investors last year and it looks like they reduced their holding back towards prudential limits from over 14% to 12% over the past few months. Other than this there is no other outstanding issues that I am aware of that might be influencing the share price.
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