HCHDF - Lara Expecting First Royalty Cashflow This Quarter
Lara Exploration was highlighted as the featured investment in the MJG partnership’s January 2020 letter. Lara is one of the fund’s more recent investments, with the original position initiated at C$0.44 in November 2019. Subsequent purchases have raised our average cost per share to C$0.49. While I tried to add to our position during the March panic, unfortunately the LRA share price didn’t get close to our healthy limit order sitting in the mid C$0.30 range. Impressively, even during the depths of the March selling, Lara refused to budge below its 52-week low of C$0.44