Yep, enough to put me off both companies. Buy back should be when discount to NTA is large!! Like WAM did in GFC, not now!! What has happened is NTA has fallen rapidly, with SP holding more steady due to buy back!!!
Still, this is the closest thing to a mining LIC, and a rebound in resources in 12 months will see this LIC do well.
I am also guessing it will rise strongly with upcoming dividend DUBSPEC?? Worth buying into for that?
OZG Price at posting:
17.0¢ Sentiment: Buy Disclosure: Not Held
WIC Price at posting:
$1.08 Sentiment: Buy Disclosure: Not Held
