Thanks Eshmun, that is precisely what I was saying, i.e. the only impact Tapeta would have on TBR shareholders is through the value of their cross holding in RND; and, even assuming that goes to zero, TBR is still valued at less than its bullion. Based on that, I have recently dipped my toes into TBR. Very good point about the Perth mint holdings, I'd be curious too. Cheers.
TBR Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
