Thanks for that Peppie
I think this means Ferrous would be valued close to that July 08 placement price which probably means an over valuation.
Anyway, the discount to NTA at 50% makes this attractive still even if somewhat tarnished by Ferrous probably above realisable value.
p.s Noticed there was a special sale of 8 million odd RIV this week around $4.50. Some chance this could be LRF.
nta of 79 cents, page-5
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