s.249D on Lindian could open a better door for shareholders

The markets suffered another mid-week, interest related scare last week when traders in the USA decided to focus on the implications of hawkish comments rather than the actual 25 basis point cut in interest rates. Traders are never sensible but they are inspired by anything that can cause panic, one way or the other. That is how they generate volatility from which they profit.

Readers will be aware that I have covered Lindian Resources (LIN) for a number of years, with some enthusiasm. Initially it was due to the very high grade bauxite assets in Guinea (which it still has), and more recently due to the high grade Kangankunde rare earths project in Malawi.

Like all rare earth companies the Lindian share price has taken a battering. The collapse of share prices will always cause anguish amongst the true believers. Devoted shareholders are prone to looking at the board and management to hold them responsible for their paper losses even when the bear market carries much of the blame. Frustration can lead to changes at the board level in the hope that shuffling the pack can turn things around, even where the macro environment is the greatest source of that frustration. 

 WeeklyComm21Dec2024.pdf