Yes, Burgundy’s share price isn’t great. But according to their...

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.