75c might be reasonble. Lots of mining LICs are only at 10% to NTA (Global Mining, for example).
Can someone explain why this deal is better than LRF simply selling off its shares and paying the money out to shareholders? Obviously over the longer term, rather than instantly, but apart from a few companies its not like it owns so many shares that it will cause a share overhang or huge share price drop.
the plan is out, page-7
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