17 Apr 2019 12:30
MINERAL AND FINANCIAL INVESTMENTS LIMITED
Correction: Quarterly Net Asset Value
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NET ASSET VALUE
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It has come to the Company's attention that the calculations for the quarterly Net Asset Value per share quoted in previous announcements, and more particularly the announcements dated 27 March 2019, 1 November 2018 and 31 July 2018, were not expressed clearly.
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Accordingly, the Company sets out its calculations for both the basic and fully diluted Net Asset Value per share, below.
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These calculations will also be incorporated in the Company's quarterly Net Asset Value update going forward.
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2016 | Â | Â | Â | Â |
 | Mar. 31 2016 | Jun. 30 2016 | Sep. 30 2016 | Dec. 31 2016* |
NET ASSET VALUE (NAV) | £912,938 | £1,048,857 | £1,558,156 | £1,494,360 |
Cost of Exercising Options | £39,450 | £39,450 | £39,450 | £39,450 |
Total NAV | £952,388 | £1,088,307 | £1,597,606 | £1,533,810 |
 |  |  |  |  |
Number of shares in issue | 14,034,562 | 14,034,562 | 24,034,562 | 24,034,562 |
Unexercised options | 500,000 | 500,000 | 500,000 | 500,000 |
 | 14,534,562 | 14,534,562 | 24,534,562 | 24,534,562 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 6.50p | 7.47p | 6.48p | 6.22p |
Fully diluted NAVPS | 6.55p | 7.49p | 6.51p | 6.25p |
 |  |  |  |  |
 |  |  |  |  |
2017 | Â | Â | Â | Â |
 | Mar. 31 2017 | Jun. 30 2017 | Sep. 30 2017 | Dec. 31 2017 |
NET ASSET VALUE (NAV) | £2,509,774 | £2,443,373 | £2,387,321 | £2,602,816 |
Cost of Exercising Options | £84,450 | £84,450 | £84,450 | £61,604 |
Total NAV | £2,594,224 | £2,527,823 | £2,471,771 | £2,664,420 |
 |  |  |  |  |
Number of shares in issue | 34,742,895 | 34,742,895 | 34,742,895 | 35,037,895 |
Unexercised options | 1,100,000 | 1,100,000 | 1,100,000 | 805,000 |
 | 35,842,895 | 35,842,895 | 35,842,895 | 35,842,895 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 7.22p | 7.03p | 6.87p | 7.43p |
Fully diluted NAVPS | 7.24p | 7.05p | 6.90p | 7.43p |
 |  |  |  |  |
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2018 | Â | Â | Â | Â |
 | Mar. 31 2018 | Jun. 30 2018* | Sep. 30 2018 | Dec. 31 2018 |
NET ASSET VALUE (NAV) | £2,536,875 | £2,623,134 | £2,358,580 | £4,392,940 |
Cost of Exercising Options | £61,604 | £61,604 | £61,604 | £61,604 |
Total NAV | £2,598,479 | £2,684,738 | £2,420,184 | £4,454,544 |
 |  |  |  |  |
Number of shares in issue | 35,037,895 | 35,037,895 | 35,037,895 | 35,037,895 |
Unexercised options | 805,000 | 805,000 | 805,000 | 805,000 |
 | 35,842,895 | 35,842,895 | 35,842,895 | 35,842,895 |
Basic: NET ASSET VALUE PER SHARE (NAVPS) | 7.24p | 7.49p | 6.73p | 12.54p |
Fully diluted NAVPS | 7.25p | 7.49p | 6.75p | 12.43p |
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*indicates audited numbers.
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FOR MORE INFORMATION:
Jacques Vaillancourt, Mineral & Financial Investments Ltd. | +44 780 226 8247 |
Katy Mitchell and Jessica Cave, WH Ireland Limited | +44 161 832 2174 |
Jon Belliss, Novum Securities Limited | +44 207 382 8300 |
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