Club Mulgoa

Thursday, March 03, 2011

LRF

Today, NCM jumped because POG is high and it has discovered a very thick layer of gold, >800m at >2g/t but from >900m deep in PNG. So price of NCM jumped by >5%.

Listen, reluctant listeners, one of the top 5 investments by LRF is... NCM. LRF's discount to NTA is >20%. Mamma Mia! If I am filthily rich, I would buy out LRF and sell all its holdings in the market and make the profit. That easy. The rich gets richer. Actually, you don't need to buy out all. Just buy a controlling stake and then force LRF to liquidate.

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