She may look sick, and she has been for long term holders. I think she's getting healthier.
Many of their holdings are ones I've been watching anyway (esp Riverdale Mining which may make up around 20% of the MV of their holdings).
All been devastated and most bounced well yesterday. Producers or near producers and little in the way of exploration plays.
Some negatives too, but was grossly undervalued last week. The on market buyback starting shortly and the 5% bi-annual off-market buyback also kicking off this month.
Expecting an NTA over mid 70's later today, and above will hopefully see it moving up to a 15% or so discount to NTA over time.
PE
LRF Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held
