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Originally posted by Treetops
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Originally posted by COLIN
Quote:
quote:Original[quotely posted by gisborne_gold
I still don't understand why BRM would be trading above asset value. Kingfish trades below, as do most other funds it seems. Supply and demand, yes I know, maybe they've tapped into an under-supplied demand amongst kiwi punters for easy access to Australian stocks. But the premium being paid seems extraordinary.
I share your puzzlement, as per my posting of 24/11/2006. I do have a certain amount of admiration for the ability of Carmel and her team, and may be tempted to buy back in again, once (if) the price slips below NAV, but certainly not before then. There are better ways of hedging into the Aust. dollar.