It would be hard for a fund manager running a fund like Karl does to hold onto all his investors if you keep putting them through so much stress like like this.
As I said before, there is nothing wrong with the TMC investment and hanging onto it if you believe it is massively undervalued, but I just feel like he does not have the right investors with him - IMO, this is not the type of high risk strategy he sold to investors.
If he keeps this up and the discount to NTA persists and gets wider, I would not be surprised if Wilsons gets on board trying to close down this listed vehicle and cash in at NTA.
CDM Price at posting:
$1.04 Sentiment: None Disclosure: Not Held
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