Yes, Burgundy’s share price isn’t great. But according to their recent HY report, their NTA value is equivalent to 12c per share. Their share price closed at 13c on Friday which represents a premium of 8%.
Then there’s Lucapa.
NTA value as at the recent HY report was $0.365 per share. For arguments sake, let’s assume it’s been adjusted down to $0.30 per share post Mothae. Our share price closed at $0.039 on Friday which represents a discount of 87% of the NTA value.
Pretty stark contrast wouldn’t you agree?
It is a shameful, disgraceful indication of how badly Lucapa has performed, and how absurd our share price is.
It certainly does not reflect well on the capabilities of our management team and board. I very much doubt there would be a comparison like it, among any listed company in the world.
LOM Price at posting:
3.8¢ Sentiment: None Disclosure: Held
