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


Surge in Mosman price increases Aorere NTA/share to 2.25c

Surge in Mosman price increases Aorere NTA/share to 2.25 cents

Takaka, 8 July 2014 - 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 8.2 million, based on the present market price of 40.75 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 2.25 cents.

Aorere’s present market value at the most recent trade of 0.8 cent per share is NZD 4.3 million or only 35.6% of the present net asset backing of $12.2 million.

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

Portfolio Analysis

Asian Minerals382,1410.07
King Solomon43,4190.01
Chatham Rock3,505,1200.65
Minor investments31,5100.01

Chris Castle, Managing Director
Aorere Resources Ltd


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news