I have been looking at LRF Linq Resourses Fund. It's an investment trust that invests in small to medium resourse stocks. SP is currently at $0.84 with NTA of $1.19
Seems to have investments in some very good prospects. Most seem to be either producing or very close to producing.
In addition they still have $46m in cash & have just declared a dividend of 7c per share.
At face value it would seem a way to get exposure to a variety of resourse juniors at a significant discount with a good chance of SP increasing to reflect the current value of the investments plus any increase in the SP of the stocks held.
What am I missing here?