Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Surge in Mosman price impacts Aorere net asset value

3 July 2014

NZX Announcement

Surge in Mosman price impacts Aorere net asset value

Aorere Resources Limited holds approximately 13.1% of this AIM listed company, and will hold 12.3% after the recently announced Trident acquisition is completed.

Our Mosman shareholding now has a present market value of NZD 7.3 million, based on the present market price of 36.25 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 2.08 cents.

Interestingly Aorere’s present market value at the most recent trade of 0.8 cent per share is NZD 5.4 million. This represents a 61% discount to the net asset backing of $11.3 million.

The table below details the present market value of the various components of the portfolio.

Aorere Resources LimitedPortfolio Analysis as at 3 July 2014 541,389,481
Asian Minerals 382,1410.07
King Solomon 43,4190.01
Chatham Rock 3,505,1200.65
Minor investments 31,5100.01
Mosman 7,273,0861.34
Akura 141,1010.03
Cash 100,6550.02
Accruals (204,000)(0.04)
11,273,0332.08

Regards,

Chris Castle, Managing Director
Aorere Resources Ltd
London, 3 July 2014

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news