Ann: Beacon Acquires Lady Ida Project, page-72

Settling after an initial spike to be up around 7% at 3c and only 6.7m on the bid line.

I’ve held this stock since 2009 so I’m not complaining about dividends and overall lower average but it’s time for some soul searching and I think I’ll have to look for a exit in the next 12 months or so.

The reality is this is a well run investment vehicle for the directors and while it will continue to pay dividends in the future and probably hold its own I can’t ever see it reaching any meaningful capital growth levels. It’s just not what management care about. Most of us are at this pointy end of the market for capital growth and the dividends are a bonus.

I’ll continue to monitor over the next few days and hope we get a sustained rise but not holding my breath.

Cheers,

Disco.