re: Ann: LinQ Resources Fund - Panel Receives... Ralphi, right...

re: Ann: LinQ Resources Fund - Panel Receives... Ralphi, right decision, the discount to NTA on this “recommended!!” offer is just ridiculous.

Rather than telling us to take 70c, why don’t the directors just pay us shareholders most of LRF’s cash and distribute all of its shares to us too? Based on current market prices that would be an immediate return of more than the 70c, and LRF (which we’d all still own) would still have all the unlisted stuff worth 25c or 30c!!!

And that doesn’t even take into account the franking credits, which for some reason aren’t even mentioned in the target’s statement that LRF issued. The point being, the cash could be fully or mostly franked, which would give us all ANOTHER 7c or so per share.

So the options are…take the 70c, or get about 80c and retain the LRF units to boot. Pretty easy to see what would give shareholders more value.

Also Ralphi- have you received a letter from another shareholder? I got one, basically setting out most of the above.