The cost of buying (their admittedly good resources portfolio) seems excessive.
Between Merril Lynch, Bell Securities, management and dirctors, I estimate the MER at 5%.
There is no way known these guys can generate that amount of alpha to justify their fees.
If it was costing me 5% to run my portfilio, that would be close to a quarter of a million dollars per annum. Not even some CEO's eran that sort of money. I'd stay home and manage things myself.
5% MER ? phuck that for a joke. Do it yourself. Dont be lazy
GMI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
