Periodic FA / TA Summary., page-3

Something I meant to capture also - the small cap fund LRT have taken a position in ADN. Undoubtedly behind some of the volume from May.

LRT have had some great results from their stock-picking.

They have taken early positions in several multi-baggers - examples include

• ADT (426% profit - my calculation)
• GOR (462% profit - my calcultion)
• SYR .. 1802.9% total return
• KDR .. entry at $0.12, average out at $1.20, 800% ROI

Across those 4 investments ... that's an average 872% return on investment for them ( although they have invested much more widely ).

Lowell Resource Fund ... look through their presentation:

https://www.asx.com.au/asxpdf/20190528/pdf/445f46tb1rwdrx.pdf

See following post for background:

• https://hotcopper.com.au/threads/an...4783567/page-64?post_id=38782600#.XPPOPBZ_XDs
• https://hotcopper.com.au/threads/an...4783567/page-65?post_id=38782705#.XPPO8hZ_XDs