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Geoff, I agree, I guess it's a case of waiting to see the prospectus when it is issued, and whether the scheme receives ASIC approval (or whatever the relevant authority is). Is there any reference to Uncle Steve's scheme on the Navra web-site? Cheers Kevin.

They don't make a profit unless you do? A unit-based approach like this sounds no different to a unit based managed fund. The nature of the underlying assets are a little irrelevant in my opinion. Just like my managed fund, where the unit price has dropped considerably over the last 12...