Sorry for delayed response, have been away.
I was there in Melbourne.
Basically, Karl Seigling just ran through the presentation slides previously released (10 Oct).
They are quite optimistic about future prospects - surprise, surprise! I think I have heard that from them a few times before!
Emphasised the very large cash holding, ready to pounce on opportunities when available.
Pointed out that the discount to NTA had closed.
One spark was the response to a question about TMC being back in the portfolio.
Karl gave a very spirited defence of the original purchase, saying it had returned 4 times the outlay. It still had good prospects which is why it was bought back. He explained what these prospects were but I was a little disturbed by a comment about how well he knew the guy running it - a "mate" maybe?
Most of my holding was bought at around $1.34 so still a long, long way to go. I did buy a few more when they dipped back in June.
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