Adding to Polo Resources

I have decided to add a little to Polo Resources.  The underlying holdings seem to be moving up in value – and the discount to NAV is now 75%.  I bought at c4.3 earlier in the week.  Only a small position – 2% portfolio weight added, 3% in total.

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Selling KMG +33%

Selling all my KMG today.

Tender offer has been made for $14.00.  Slight unanticipated problem is that Kazakhstan has 20% withholding tax and to get it net of tax I need to submit an array of documents via my broker and trust that no-one along that chain messes up / decides I am liable for 20% tax.

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