below issue price in feb 2005, page-13

I didn't see LRF on the Opes list, although I'm sure a number of their holdings would have been.

But definitely agree re the $1 sellers. Buy/sell gap is widening with buying depth building nicely. If NTA stays around the $1.80 mark, and starts rising with the market, it would not surprise me to see a 30% re-rating within a couple of weeks. All subject to market sentiment of course, however $1.30 unit price would still be a discount of about 30% to NTA.

MJS