03:00 Wed 04 Sep 2019
Baker Steel Res Tst - Net Asset Value(s)
(Incorporated in
Net asset value per Ordinary Share:
The NAV per share has increased by 3.4% against the NAV at
The Company has a total of 106,462,502 Ordinary Shares in issue with a further 700,000 shares held in treasury as at 30 August 2019.
Portfolio Update
The Company's top 12 investments are as follows as a percentage of NAV:
|
16.5% |
|
|
14.8% |
|
Polymetal International Plc |
14.2% |
|
|
10.6% |
|
|
9.0% |
|
Sarmin Minerals Exploration |
4.8% |
|
Nussir ASA |
4.5% |
|
|
4.4% |
|
|
3.8% |
|
|
3.8% |
|
Ivanhoe Mines Ltd |
3.1% |
|
Azarga Metals Corp |
3.1% |
|
Other Investments |
5.5% |
|
|
1.9% |
|
|
|
|
Investment Update
Nussir ASA ("Nussir")
During
The rights issue was to fund a limited amount of additional drilling in an area of inferred resources so that those resources could be upgraded to Indicated Resources and therefore included in Nussir's definitive feasibility study on the Nussir/Ulveryggen copper project in northern
Azarga Metals Corp ("Azarga")
On
On
The drawdown will be used to fund the ongoing exploration program on the
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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