Ann: DeepGreen Metals Investment Update, page-6

I have previously written how I couldn’t stand to hear, watch or have anything to do with Karl after his disasterous foray into Melbourne IT a few years ago. At the depth of the downturn last year, I was looking for investments for my wife and chanced upon the “new” CDM portfolio. I looked at the portfolio mix, discount to NTA, actually listened to Karls video (because prior to that, any video from Karl effectively stated that it was “the funds” fault that it went into Melbourne IT) admitting Mea culpa, and decided I would swallow my pride and buy not only for my wife, but would top up my SMSF as well. What a very good decision that was as my wife is now up approx 62% on her initial investment, and whilst my SMSF is still underwater on CDM, the “revised” portfolio management and this piece of significant news, should reduce my losses. In these volatile times in equity markets, it’s nice to see a steadily rising LIC with a significant piece of good news for the market.