They have warrants out as well - strike $1, expiration 6/2012 - trading around .06/.07/.08. I've looked at the individual positions inside of the portfolio - companies like Avion and Crocodile which acquired properties dirt cheap, got into production quickly and are currently valued at deep discounts to comparable peers. The common thread is that Stan Bharti of Forbes & Manhattan is in charge not only of Aberdeen, but most all of the portfolio companies. My impression of him, developed over the past year, is that he takes a long term perspective and doesn't give 2 hoots about promotion in the interim. He & Eric Sprott would appear to be quite close as Sprott participates heavily in most all of the companies in the Aberdeen/F&M stable. David Stein who took over as CEO middle of last year was prior to that time the Gold analyst at Cormark - which was the brokerage firm that Mr. Sprott started. I like it in this crazy day and age we live in. I consider myself a deep value investor - and I view that as basically being attracted to asymmetrical bets in areas where few choose to educate themselves - bk and mining consistently fit that bill year in and year out like few other sectors do.
