Rebecca Richardson: So what were the key contributors and detractors to that performance?
Michael Glenane: Regis Resources was our biggest positive attribution and that’s a goldminer with one development well, or one sorry, development mine north of Kalgoorlie and also mining production. That put together another announcement with regard to the Rosemont deposit, that was very well received by the market, well over half a million ounces there. Bit of a surprise, but a nice positive surprise. Our second largest positive contributor was Red Fork Energy and that’s in The Lime, the Mississippi Lime in the States. That’s one of those shale plays we were talking about before. Our third biggest contributor was actually in Texas and that’s Aurora oil and gas, and that is also a liquid which is a shales play.
* *As far as on the negative side we had Beadell (BDR.ASX), now Beadell (BDR.ASX) is a goldminer. A couple of other key negative contributors for us were Karoon Gas (KAR.ASX), we are very happy not to own that one in the long term. And also Flinders Mines which was taken out by a Russian consortium.
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Rebecca Richardson: Fairview Emerging Companies Fund began in 2008. What has its net performance after fees being, since then? .......... ...........
BDR Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held