Athol Gold and Value Limited NAV Update (9308N)
04 Ottobre 2012 - 11:37AM
UK Regulatory
TIDMAHG
RNS Number : 9308N
Athol Gold and Value Limited
04 October 2012
ATHOL GOLD & VALUE LIMITED
("Athol" or the "Company")
NAV UPDATE
The Board of Athol announces that Net Asset Value of the Company
as at 30 September 2012 was 0.16p per share.
Market conditions during the summer were exceptionally tough,
and opportunities to capitalise on rising equity prices in the
period were limited. In such circumstances preservation of capital
is paramount, and the newly-constituted Board is pleased to have
averted further decline after several previous quarters of poor
performance.
The Company can confirm that following the quarter end, the
proposed exchange of non-core assets for units in funds managed by
Webb Capital Asset Management Limited has been completed.
The exchange will enable Athol to conform more easily to its
mandate, which is to invest in equities and ETFs in the resources
space, with a particular focus on precious and base metals, oil and
gas, and uranium.
As at 30 September, the portfolio was balanced as follows:
Gold: 12%
Base metals: 3%
Oil and gas: 19%
Other: 51%
Cash: 15%
The intention is to move the weighting most heavily in favour of
gold over the next few months, but also towards all of the
Company's mandated investment areas. A more detailed breakdown of
the constituents of the portfolio will be provided at the next NAV
update at the end of the current quarter, taking into account the
effects of the Webb transaction.
The Board of Athol greatly appreciates the patience shown by
shareholders as efforts to rebalance the portfolio after a
prolonged period of uncertainty continue.
For further information please call:
Athol Gold Limited
Jennifer Allsop +44 7788 541 744
Libertas Capital
Sandy Jamieson +44 207 569 9650
XCAP Securities plc
John Grant / Jon Belliss +44 207 101 7070
This information is provided by RNS
The company news service from the London Stock Exchange
END
NAVUGGQWUUPPUBC
Grafico Azioni Mineral & Financial Inve... (LSE:MAFL)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Mineral & Financial Inve... (LSE:MAFL)
Storico
Da Lug 2023 a Lug 2024