GMI

I had made profit out of this stock before but today, it is a big loss, selling at 98c and 98.5c. Generally, when you pay others to look after your portfolio, there is a cost. GMI invests in all the biggest miners of the world. The guy who runs it controls the most resource stocks in the world through his fund management.

Using the cash, I bought back some of my RIO shares (sold $71 and bought back at around $66). The remainder will be used mostly for top ups and SPPs/rights.