I decided to offload my entire lee metal stake. And i think this represented about 5% of the total trade of the day. To me, 40c represents a premium to the NAV of 38.5c and personally i feel that a discount to the NAV is warranted in the first place for this counter. And moreover, the last result wasn't good. Next year dividend cut might even take place should the earnings continue this way. Long term wise i am still bullish on this counter, knowing where the bulk of its business lies in. However, the price of 40c is too attractive for me not to sell it to the next better investor. Put it in another way, i would not take lee metal private at 40c, but at a lower price than that. The reason why i bought it at 30c a few months ago is because of its ......