17:00 Thu 05 Jul 2018
Baker Steel Res Tst - Net Asset Value(s)
(Incorporated in
5 July 2018
Net Asset Value
Net asset value per Ordinary Share:
Since
The Company had a total of 116,139,980 Ordinary Shares in issue with a further 700,000 shares held in treasury as at
Portfolio Update
The Company's top 10 investments are as follows as a percentage of NAV:
Polymetal International plc |
29.9% |
|
|
15.4% |
|
|
10.0% |
|
|
9.6% |
|
|
8.7% |
|
Metals Exploration plc |
6.0% |
|
|
4.6% |
|
|
4.0% |
|
|
3.6% |
|
Ivanhoe Mines Limited |
3.0% |
|
Other Investments |
4.5% |
|
|
0.7% |
|
|
|
|
Investment Update
During
PAL continues to retain a 2-4% royalty over 45% of the future production from the Prognoz Silver project in
Half Year Review of Unlisted Investments
The Company has carried out its normal half yearly review of general market movements in mining equities, as well as specific factors, and an assessment of whether these should impact the carrying values of its unlisted holdings. The Investment Manager maintains an index of comparable listed companies for each unlisted investment, in order to quantify how the share price of a particular unlisted stock might have moved during the period had it been listed. In accordance with this assessment the carrying value of
Ivanhoe Mines Limited ("Ivanhoe")
On
Further details of the Company and its investments are available on the Company's website www.bakersteelresourcestrust.com
Enquiries:
The Net Asset Value ("NAV") figure stated is based on unaudited estimated valuations of the underlying investments and not necessarily based on observable inputs. Such estimates are not subject to any independent verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. In addition, some estimated valuations are based on the latest available information which may relate to some time before the date set out above.
Accordingly, no reliance should be placed on such estimated valuations and they should only be taken as an indicative guide. Other risk factors which may be relevant to the NAV figure are set out in the Company's Prospectus dated
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