LRF
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0.00% 71.5¢ linq resources fund

##An unlisted company (Ferrous) within an LIC requires an...

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  1. MJS
    2,120 Posts.
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    26/02/10
    13:01
    Post #: 6381703
    ##An unlisted company (Ferrous) within an LIC requires an independent valuation every 6 months. This calculation would have been included in the Feb NTA.##

    I understand that (like I said, close to 20% NTA is in this stock). Key point is it is less readily monetarised if they wanted to.

    Plus, you should look at Ferrous's website. Although I have no issues with them and their have a strong board of directors they are not at the moment where they would have expected to be 2 years ago.

    If / when they list the value will more readily be recognised - to me at least.

    Agree with your comment re Donner. Part of the trust issue I alluded to relates to that.

    MJS
    LRF Price at posting: 60.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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