current views, page-3

Good link AllFuelledUp.

Just a comment about the NTA for this month. If they haven't sold down AUT, it should still be the biggest holding within the fund. Watch for the new number 2, which I firmly believe will be number 1 in the next couple of months - IDM.

Billy Laister and his crew have just spent up big in the last couple of weeks on our behalf. They bought all their rights allocation and then picked up all the shortfall shares (11%). The fund first bought this stock in 2006 and have continually topped up through the highs and lows of this market and now hold 25m shares.

For a fund that continually rotates its stocks and a market that has been terrible of late, they must have a strong belief holding this one for 5 years. They did back AUT and IAU from a long way back, lets all hope this is another winner for us.

Regards
Pep