loss minimiser

It is possible that LST at current prices may offer an opportunity to minimise losses. Please do your own research since I am an amateur.

We advise the unaudited net tangible asset (NTA) backing of Lion Selection Limited (Lion) as at 31 December 2007.
The fully diluted NTA from a theoretical disposal of Lion’s investment portfolio at market prices and operations based on accounting carrying value was $2.06 per share prior to estimated tax on gains, and $2.06 per share after estimated tax on gains from such disposal1.
As a result of the voluntary administration of Lafayette Mining Limited the NTA includes no value for that company. It is anticipated that a tax benefit of around 2 cents per share may arise which is not included in the NTA.
The gap between the NTA and share price has increased significantly during December with the NTA increasing by 11 cents per share or $22 million. The increase in NTA was largely due to increases in the value of the Allegiance Mining NL and Albidon Limited investments. The difference between the 31 December NTA and market capitalisation was $65 million. This gap has further widened to approximately $90 million or 47 cents per share currently.