I reckon you will get your shot.
As in I think they will recover $2 over this cycle with Copper really driving it.
The LIC's all go through some out of favour sentiment when they have had underpeformance or raisings. I think the $2 raise was the killer for this one. I have a core holding and add/trim around copper moves. If you look at RF1, OPH, PIA, SEC they have all had it and still are trading at a discount just they managed to clear the selling and jumped. I reckon this will be $1.80-$2.00, once the selling clears from unhappy holders. If the NTA climbs to $2.20+ then it will pop, it just will. I was in it at $1.00 and also at $3.00 im just a bit smarter about it at the moment.
Hope you can come out +ve.
Ann: Estimated Weekly NTA as of 05 April 2024, page-9
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Last
$1.71 |
Change
-0.005(0.29%) |
Mkt cap ! $133.5M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.73 | $1.69 | $269.2K | 157.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 3000 | 1 |
View Market Depth
| Last trade - 15.32pm 28/05/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
-0.005 ( 0.29 %) |
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| Open | High | Low | Volume | ||
| $1.70 | $1.70 | $1.70 | 1775 | ||
| Last updated 13.40pm 28/05/2024 ? | |||||
| TGF (ASX) Chart |