Somebody else here commented on this, i'm not entirely sure the market will ever value our 20% share of LLL and that perhaps to divest the entire thing and bank another $20m or so would be a better option. That is, hypothetically, if LLL opens at say $1 / 30% higher then the IPO price, will FFX see a rise at the same level, as a percentage, of our holding?
Obviously it should, i'm just not sure the market is canny enough to assess the assets that way.
FFX Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held