There is no denying that we have found it hard to make money for our managed accounts in the first quarter. We had a number of successful trades, one loss in Lihir Gold and the QHL share price faded as we wait for the formal signing of the contract for the Joint Strike Fighter Project (due at the end of the current quarter). All of these events combined saw an overall slight decline (2.5% approx) in the value of our portfolios. A disappointing result, but one we are working tirelessly to rectify
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