RE: Mr and mrs richards of grit13 Mar 2024 00:06
Business model
Grit Investment Trust was established as a self-managed investment trust run by its Board taking all major decisions collectively.
Investment objective
GRIT's investment objective was to generate medium and long-term capital growth through investing in a diverse portfolio of primarily small and mid-capitalisation natural resources and mining companies, which were listed/quoted on a relevant exchange.
Investment policy
GRIT's investment policy was established to diversify its investments across a number of companies, with a range of natural resource assets, in jurisdictions globally. There were no restrictions as to the commodity classes and geographical regions into which GRIT could invest. However, as it has not been possible for the Company to achieve ongoing AIFM authorisation the Company announced on 16 September 2022 that it is seeking a "Reverse Takeover" (RTO) by the acquisition of a business which enables the Company to achieve an appropriate listing on a public market.
Grit need an rto as it can’t move forward as afim issue