Ann: DGR Group Business Update, page-15

I agree, there is no reason that a company should trade at a premium to its NTA. Doesnt mean it never happens. Plus we are at 50 % discount.

Take the following example. CLQ trades at 30 times the value of PGM. Sure there some variables to be considered i.e PGM currently have a much smaller cobalt resource, have yet to annouce a drill plan to examine the true extent, also dont have the backing of Friedland, but the ground is right next door, the resource is one of the highest grade scandium resources in the country.

Now it is possible to argue that CLQ is undervalued, but it just so happens that Friedland managed to raise 150 million to advance CLQs project. So the fund worth 150 million thinks it is worth the current price. So you, a poster on hotcopper can either argue that CLQ trades at a premium to NTA despite the fact that a fund worth 150 mill thinks otherwise, or accept that PGM trades at something of a discount.

The disparity between price and value remains.

In regards DDGR what are these non performing dogs you refer to from the DGR stabe? ANW up 300%. DHR up 250% in the last couple of months, more to go there. Solg and IRR primed undervalued and about ready to rock the party.

This thing is almost primed and will be glad to have you along for the ride Fiendish.

APC not meeting my expectations I must add. But Im holding the course big fella.