Hi MCF, GMI and GMIO are a bargain. This is not speculation,...

Hi MCF,

GMI and GMIO are a bargain. This is not speculation, it's based on the price of the components of the company, which can be seen as it's a LIC (Listed Investment Company). The underlying share prices for the companies they have invested in are well above the share price of GMI. The booming prices of RIO, BHP, Zinifex etc. make this worthwhile.

Normally I wouldn't be telling you guys about the deal, but I need some more liquidity in the stock because there is not enough trading to support the amount of stock I now have.

Cheers

Top 50% of holdings GMI have invested in:
CRVD (Brazil), BHP (Aus), Rio (UK), Impala (South Africa), Xstrata (UK), Falconbridge (Can), Anglo American (US)

NTA before tax as at 30th Nov: $1.56