Even though Im 75% sure it is the wrong decision, I am keeping half my holding. It is highly likely share value will drop once take over settled (like happened to all of us who held onto GDO). Although there is a slight chance IMC pay a premium to take out the remaining shareholders.
I am dreaming of an AGO takeover, or MOY or even a sale of the Ferrous assets for a profit and we get some funds back. I emphasize dreaming.
There still is some great potential in these Listed Investment Companies (LICs) that trade well below their NTA.
LRF Price at posting:
67.0¢ Sentiment: None Disclosure: Held
