next target will be $0.23+, page-4

MXQ is not the sort of company that can turn a quick profit.
the trustees cannot really recommend any offer less that NTA, and realising above NTA will take considerable time.

i think the play is for them to return to being a geared fund as they were, with regular dist.

we can only hope that confidence will generally return to credit markets and they will be valued closer to face value.

but l am sure there will be plenty of ups and downs along the way. l have noted that MXQ seems to reflect the mood of the markets - both up and down.