To be honest, this 30 million is not a mind-blowing figure. However, it certainly warrants a bit more attention than the 1 cent it is getting at the moment. My reason is that the market is currently valuing us on Marampa, cash and equity positions and attributed almost no value to LL.
This sale has instilled further confidence within me regarding TS's ability to sell assets to big players. I have doubled my holding today.
Ann: Sale of Lady Loretta Interest for $30M , page-7
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