at least it`s not czd

The latest newsletter from our largest shareholder. CZD not mentioned at all in December, I wonder why CZD are in this fund at all given the resource centric bias of the manager and fund. He should concentrate on informing his holders/members about what to expect in 2013 from his largest holding, Calzada. Maybe he doesn`t get it!! Plenty that should be reported over the next couple of months. Success with BARDA would put a rocket under the sp, even the completion of the VAC dressing trial would add value.

http://www.merchantgroup.com.au/news/merchant-opportunities-fund-newsletter-december-2012.html

Nothing of interest to us in it however gives an insight