Net Tangible Asset Backing
Key Movements in the NTA during December 2017
• Minimal overall change in NTA from November to December: positive movement in Roxgold and Erdene Resources offset by softening in Nusantara Resources.
Net Tangible Asset Backing
Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 31 December 2017 is $0.34 per share (after tax).
November 2017 Commodity A$MAustralia Egan Street Resources Gold 4.3 Other Australia 0.4 Africa Roxgold Gold 7.2 Toro Gold Gold 1.0 Other Africa 1.2 Cash dedicated to Africa1 0.6 Asia Nusantara Resources Gold 10.2 One Asia Resources2 Gold 2.5 Erdene Resources Gold 4.4 Other Asia 2.7 Americas Coal 0.6 Uncommitted Net Cash 7.7 | December 2017 A$M 3.9 0.5 8.5 1.0 0.9 0.5 8.9 2.5 5.1 2.7 0.8 7.6 | % Portfolio 10% 25% 45% 2% 18% |
Net Tangible Assets $42.8m 34¢/ share | $42.9m 34¢/ share |
1 Includes committed cash of US$0.3 million to AFL3.
2 One Asia at a value of A$0.04/share, after the in specie distribution of Nusantara Resources.
Note: The above table includes investments held directly by Lion and the value to Lion of investments which are held by African and Asian Lion Funds.
Lion Selection Group Limited ABN 26 077 729 572 | Further enquiries: |
Level 2, 175 Flinders Lane, Melbourne Vic 3000 | Craig Smyth |
T: +61 3 9614 8008 | E:csmyth@lsg.com.au |
F: +61 3 9614 8009 | |
www.lsg.com.au |
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