Fully agree.
Have posted on this apparent discrepancy in the market before.
On my calculations - ANMCA currently priced at 14c + 30c to pay soon - less 12.8c in divs(really a capital return) = total cost of 31.2c.
ANM currently 45c.
No one has yet been able to explain to me why the very large discrepancy.
Sharkie 13