LRT has gone down with the market, and hit $1.40 this week. Now $1.45 and the most recent NTA estimate from 17/06 was $1.70
Top 10 last month
Cash .............................................. 9.2%
Predictive Discovery ........ Gold.. 6.8%
Genesis Minerals .............. Gold.. 6.5%
Musgrave Minerals ...........Gold.. 5.9%
De Grey Mining ................ Gold.. 4.7%
Talon Metals ..................Nickel... 3.2%
Southern Cross G'fields .. Gold .. 2.8%
Larvotto Resources .. Au-Cu-Li... 2.6%
Pacgold .......................Gold .........2.6%
Comet Ridge ...............Gas ...........2.6%
South Harz Potash...... Potash ....2.5%
Fund Top Performer
Southern Cross Goldfields’ (SXG.ASX) share price rose by 217% by the end of the month, after listing on the ASX on 16th May. SXG, a spin out of long-term LRT holding Mawson Gold, is focused on epizonal (Fosterville-style) gold exploration in Victoria. LRT participated in both the seed equity and IPO raising for SXG. The company announced an intersection of 119m at 3.9g/t Aueq at its 100% owned Sunday Creek project north of Melbourne.
Unaudited management accounts for the Fund currently indicate that the Fund will distribute between 9c and 12c per unit of unfranked distribution for the financial year. This is subject to change and an updated estimate of the distribution will be announced in the final week of June. This distribution forecast compares with a distribution of 14.9835c per unit for the previous financial year
Following a stellar couple of years, the fund hasn't done that well, recently: 12 months return of 6.5%, compared with 23.5% for S&P/ASX Small Resources Index (XSRD) and 16% for the ASX Resources 300 Index.
- always a good place to go mining for the Monthly Comp tip/ guess. If nothing jumps out, I may even go for LRT.