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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 | 382,141 | 0.07 | |
| King Solomon | 43,419 | 0.01 | |
| Chatham Rock | 3,505,120 | 0.65 | |
| Minor investments | 31,510 | 0.01 | |
| Mosman | 7,273,086 | 1.34 | |
| Akura | 141,101 | 0.03 | |
| Cash | 100,655 | 0.02 | |
| Accruals | (204,000) | (0.04) | |
| 11,273,033 | 2.08 | ||
Regards,
Chris Castle, Managing
Director
Aorere Resources Ltd
London, 3 July
2014
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