Lindfield, I have had a quick look at LRF. interesting mob. should be a winning formula. A mining fund. A little background for readers. LinQ Resources Fund (LRF) is an actively managed resources fund, which specialises in investments in small to medium resources companies both in Australia and overseas. LinQ Capital Limited is the responsible entity which operates the fund. Investment Strategy: The fund is an actively managed resources fund, which specialises in investments in a niche market of smaller to medium sized resources companies both in Australia and abroad, generally with market capitalisation below $3bn. The fund invests in companies at all stages of development from exploration through to production in a wide variety of mineral commodities, in particular precious metals, base metals, bulk minerals and energy.
As you suggest it seems under valued. But what is needed to move this Co. It has traded almost flat for the last 6 months. I have done comparative charts against lots of miners and mostly it lags. I would have thought it's sp should follow its target shares. But it does not. That is why it is undervalued I suppose. It should have moved but it has not. If it catches up with the mid miners it will give good returns. Truth is 6 months ago investing in KZL, OZL,and the like would have returned better. It leaves me wondering?? This is a great concept. Spread the risk/return over 18 or 20 miners and watch the fund grow. sp does not deliver???? I have included 1 chart as an example. others will show a similar result. I have not selected a "special" eg. try KZL, OZL,PEM, JML even BHP or FMG.
LRF Price at posting:
63.0¢ Sentiment: None Disclosure: Not Held
