Perhaps "I hope the NTA doesn't go down" is a more realistic statement.
Also being invested I understand that the possibility of a (paper) loss is uncomfortable.
Remember that the NTA did go down in June, and it is extremely likely it will again sometime in the future.
We all believe in the manager's ability, but don't forget JBL itself lost money in trading activities in 2016.
Ann: Net Tangible Asset Backing, page-22
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