Fair call MJS-can't blame you at all! But given the recent appreciation in Lihir, Riversdale and Atlas, it might still be a discount around 40%? I have not bothered to calculate it yet. Also, note Gordon Toll, on LRF board, is CEO(?) of Ferrous, the unlisted Brazilian irone ore company in which LRF holds a substantial amount of its capital. An article the The West the other week said they're gearing up for a float in the UK. I dunno whether I do or don't like that 'cosy' link given LRF's past total lack of regard for shareholders, but what's good for the goose... I'll hold for a tad longer, even if my planned capital loss on this bast@$d share is dimishing...
LRF Price at posting:
74.5¢ Sentiment: None Disclosure: Held
