Good value at 26% discount to pre-tax NTA, de-risked due to lower private credit, page-5

They can't show the allocation because it would highlight how bad the credit holdings or valuation they have on the credit holdings are, about ~10% of NTA is credit - Armour Energy won't end well, wonder what they carry that at?

A $40k trade at the end of each month can push the value of Boss to be whatever they want it to be. They have about 120m shares in Boss - it would take them about month to get out of that exposure and who actually takes them out of uranium?

The page about cornerstoning equity issuances (i.e. being the regal of natural resources) doesn't make sense when the 6mth return is 40% and the NTA is up 15% YTD

The portfolio is a shambles of illiquid assets, junk credit and a massive bet on uranium (have they looked at hydrogen)

These guys aren't traders, aren't debt investors, aren't strategists, just punters who clearly swallow whatever the brokers are feeding them

Put your money in MIN, Teck (how is the activism going?), BHP and GDX, it will playout better, the yields are more attractive, or check out the BlackRock Natural Resources fund