Fund holdings!I would like to point out that 2 of the best value managers in the Canadian money management industry are holding sizable positions in RER. The Saxon & ABC funds are some of the highest rated MF's in the country for their long history of small cap value investing. As of April 30, 2003, Saxon holds 2.45M shares as per this release on Sedar;
ALTERNATIVE REPORTER: Howson Tattersall Investment Counsel Limited
151 Yonge Street, Suite 1700
Toronto, Ontario M5C 2W7
REPORTING ISSUER: Real Resources Inc.
REPORT FOR END OF: April 30, 2003
REPORT OF SHARE ACQUISITIONS:
Howson Tattersall Investment Counsel Limited (“Howson Tattersall”) reports that as a
result of recent acquisitions, one or more of its mutual fund, pension fund or other client
accounts held in aggregate 2,451,800 common shares of Real Resources Inc. at the end of
the month of April, representing, based on Howson Tattersall’s understanding,
approximately 10.4% of all shares outstanding of that class.
As of Dec 31, 2002 ABC Fundamental Value Fund holds 1.2M shares or about 5% of the companies shares. Seems to me at the current price, the stock offers some very solid long term value. Cheers!!!