It's been proven that a buyback wont reduce the gap on LIC's, it just reduces working capital and I would think right at this moment they would be picking up some bargains, especially with convertible notes.
If they continue to keep the NTA climbing and market sentiment turns positive for LIC's and junior miners, LRF's share price will climb.
Be patient guys.
P
discount to nta - getting rediculous, page-3
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