why lrf is a buy, page-4

I agree, Management would love to see the options get in the money with the potential to manage a further $130m in funds. Doing many great things, set a 7c dividend and have flagged the idea of a share buy back.

Howether the companies they have invested in is the most important thing, and will ultimately determine the NTA and hence share price.

EDN have just begun diamond production in Brazil, and RIV is also about to begin production shortly (mentioned as their best investment prospect by Clive Donner in a recent interview in smartinvestor magazine).

Many of their other major investment like CUO,WTE,AGO,IGO,OEX,URL have realy moved in the last few days, with the up-turn in the resource sector, things are looking good.

The shares are trading at a huge discount to NTA. more than 50 percent undiluted and at around 30 percent allowing for discount of options. However I have noticed that the sell side is very thin.

Exciting times ahead with LRF and a great low risk resource play considering their huge discount to NTA.