ngapat wrote:They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses
There may not be liquidity improvement since cash from Old Mutual will go directly into the project. Liquidity will have to be from other sources e.g. debt to fund those bonuses.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.