I think this was a good response. I appreciate there are holders...

I think this was a good response. I appreciate there are holders who now find the portfolio of CDM riskier and not the same as before the TMC listing, but lets just be clear... this is because the investment ballooned 14x and was hugely successful.

CDM have a lot of skin in the game, including a very well executed buy back for the last year.

if the market cap is 0.1x of NPV of TMC and production could begin as early as 2023, I don't think selling out of the holding is a great play.

I personally de-risked and sold down some of my CDM but happy am happy to hold through woth the rest. The team have other plays, make decisions that benefit holders and this alone could drive solid growth regardless of other holdings for the next few years...

disclaimer; hold / held.

may be tempted to buy more as i think the NTA discount is overdone.