Ann: Net Tangible Asset Backing, page-43

Maybe if I could get value for HMLO, at least 70 cents is fair vs the SP I think (but no takers over the past few days for the 20k that were on offer at 70 cents). My own personal tax considerations come into play as well - i.e. seeking to avoid realised capital gains at present.

BHD (the third letter seems to change) could stag, the Captain was even musing the option could quickly reach 20-30 cents, but HML has great momentum/ discount to NTA that still shapes up as more attractive in my mind.