RE: Riddler30 Sep 2015 21:44
great results lol NO INVESTMENT IN THE LAST 2 YEARS, can that man read. DOH cash more than mkt cap and investments worth 15-20p.
On 29 May 2014, the Company announced a range of new investments totaling £768,000, of which £400,000 was invested for a 30% interest in Lion Natural Resources Limited, an unquoted company which holds investments in two companies with projects in Sierra Leone and Kenya; £300,000 was invested for a 35% interest in NWT Coal Limited, an unquoted company with two coal concessions in Vietnam; and a small investment of £68,000 was made in 7% convertible debentures of Maverick Petroleum Ltd, an oil company with a focus in the Republic of Chad. On 30 October 2014, the principal (CAD$125,000) plus accrued interest (CAD$3,750) were converted into 66,026 common shares of Maverick Petroleum Ltd., representing a 2% interest. These investments will be managed with a view to generating returns for shareholders and, as such, investments may be realised from time to time. As a result of these investments, the Company was deemed to have implemented its investing policy for the purposes of Rule 15 of the AIM Rules for Companies. Further information on the Company's investments is set out in the Investment Report.