Well, I originally began accumulating HRS as the more liquid...

Well, I originally began accumulating HRS as the more liquid stock to buy in the stable. But HGL is looking more attractive by the day ... I have been adding more to my pile.

So lets get this straight:

*They have around $27 million in cash
*They own 9.2 million shares in GUL
*They own a varied property portfolio, after deduction of loans, valued at around $29 million
*They own 45% of HRS ... which owns 30 million TCM shares - value of $31 million
*They have entered into MOU along with HRS for Weipa Bauxite project
*Just entered into 50% JV for three COAL leases in the Surat Basin.

Have these been undervalued or what!!

Much more to come IMO .. They are cashed up & looking to grow this litle baby

:)