hello, page-10

Kerrisdale
80 million shares
That's right 80 million shares
We're bought at 48 cents just a few months ago

At that stage the company didn't look real comfortable
Because of the low copper price and the high AUD
And production was in its early stages
Yet most of these shareholders holding 91% of shares
Still chipped in
Only 1 million shares have been traded from that 91%
Yet you have them selling out

The Capital raising was to pay back a $50 million loan to RIO

Now the tide has turned and copper is up AUD down
And the company is making money

OZL are desperate for a copper producing asset
And I can't see any other play in Australian than Inova
The missed out on Northparkes
The only reason the value went to $1billion was OZL bidding


I am glad others aren't buying up
I have been and will again tomorrow

If TH sells and I doubt that will happen
now the Mongolian mine is up in the air

It will be up to the buyer to make an offer
I can't see anyone selling cheap
With a company that is making money and with great
Prospects
As I posted I think Inova is worth $800 million

Institutions

Turquoise Hill Resources Ltd 409,488,666 56.53 83,333,334 25.55 0 08/04/2013
M&G Investment Management Ltd. 40,000,000 5.53 1,400,000 3.63 0.40 31/03/2013
M&G Investment Management Limited 53,818,301 7.22 0 0 0.13 30/04/2013
TD Asset Management Inc 7,930,000 1.11 0 0 0.14 31/12/2012
Platinum Asset Management 6,083,708 0.86 0 0 0.01 30/06/2013
Robeco Institutional Asset Mgmt BV 5,200,000 0.72 0 0 0.09 30/06/2013
Vanguard Group, Inc. 1,591,630 0.22 0 0 0 30/04/2013
Jackson National Asset Management LLC 1,407,669 0.19 0 0 0.18 31/03/2013
Franklin Templeton Investments (US) 2,036,474 0.28 0 0 0.34 30/04/2013
Vanguard Investments Australia Ltd 1,612,296 0.22 -22,785 -1.39 0 30/06/2013


Funds

Name Shares
Held % Total
Shares Held Shares
Change % Chg from
Prior Port % Total
Assets Date of
Portfolio Star Rating
Vanguard Precious Metals and Mining Inv 40,000,000 5.53 1,400,000 3.63 0.40 03/31/2013
JNL/M&G Global Basics B 1,407,669 0.19 0 0 0.18 03/31/2013
Vanguard Total Intl Stock Index Inv 1,389,341 0.19 0 0 0 03/31/2013
Curian/Franklin Templeton Natrl Res 680,500 0.09 305,000 81.23 0.10 03/31/2013
Vanguard FTSE All-Wld ex-US SmCp Idx I 160,044 0.02 0 0 0 03/31/2013
DFA International Small Company I 392,545 0.05 392,545 New 0 05/31/2013
DFA Asia Pacific Small Company I 123,487 0.02 123,487 New 0 05/31/2013
Metropolitan Ser Met/Dimsnl Intl Sm Cm E 35,764 0 0 0 0 06/30/2013
JHancock2 International Sm Co NAV 33,868 0 33,868 New 0 06/30/2013
Principal International SmallCap SP 19,140 0 0 0 0 06/30/2013
iShares Developed Sm-Cap ex North Amer 10,477 0 0 0 0 08/08/2013
JHVIT International Small Company II 7,998 0 7,998 New 0 06/30/2013
JHVIT Disciplined Diversification I 2,621 0 2,621 New 0 06/30/2013
DFA VA International Small 4,697 0 4,697 New 0 05/31/2013