Linq resource fund have outperformed the ASX Small Resources Accumulation index since listing last year. This is despite holding a large preportion of the fund in cash.
This is a credit to management who have slowly gone about aquiring holdings in stocks that are realy starting to move.
With NTA of $1.16 at 31 january, it is currently trading at a discount of more than 30% to NTA. at a price of $0.82. IMHO should be currently trading over $1.00.
LinQ director Clive Donner obviously thinks at this price they are exceptional value increasing his holdings earlier in the month.
LRF Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held