well it looks like ARG is definitley underperforming the...

well it looks like ARG is definitley underperforming the market.

they have lots of cash on the side lines waiting. If they trade for under NTA they may just perform a share buy back...

they are not massively undervalued at the moment i dont think.

I am waiting for the new NTA results to come out, but it looks like the sharemarket has rallied a lot since August 31... and ARG has gone nowhere..... NTA i'd imagine might be up over $6.00 but its hard to say, because BHP is there major investment and they are around the $39.00 mark..

If BHP gets back to $43-$45 i think youd see ARG around the $6.40 mark...

THe LICS's all Look interesting at the moment, I reckon there is some value there, are non are trading at a premium, nor should they, but ARG given historical performance should really trade at fair value.

It rose yesterday when the market fell, so maybe that is a sign that the market thinks, that they are undervalued.