I would like to see more transparency around the NTA releases. Are the huge dividends paid out of free cash flow? At this stage the likely source of cash would be the trading activities. The ASX query already showed that NTA releases are conducted on a different basis to the accounts. The majority of the uplift in NTA was from the ever-increasing value of the unlisted entities, and not the trading activities.
I would like to see more transparency around the NTA releases....
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