Business
Final Results for the Period Ended 30 Jun 20
Final Results for the Period Ended 30 Jun 20.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 8363G\n Mineral & Financial Invest. Limited\n 30 November 2020\n \n \n \n \n MINERAL & FINANCIAL INVESTMENTS LIMITED\n \n \n Audited Full Year Financial Results for Period ended 30 June 2020\n \n \n and Net Asset Value Update\n \n \n \n \n \n HIGHLIGHTS\n \n \n · \n \n Year-end Net Asset Value £5,474,000, up 7.0%, from £5,114,000 in past 12 months\n \n \n \n · \n \n Net Asset Value Per Share fully diluted (FD) 15.5p, up 6.9%, from 14.5p, in past 12 months\n \n \n \n · \n \n NAVPS FD has increased at compound annual growth rate (CAGR) of 21.1% since 2015\n \n \n \n · \n \n Net Asset Value has increased at CAGR of 57.4% since 31 December 2015\n \n \n \n · \n \n Investment Portfolio now totals £5,315,000 up 7.3%, from £4,952,000 in past 12 months.\n \n \n \n · \n \n Our performance has consistently exceeded that of the FTSE 350 Mining index and of the CRB Commodity Index since 2015.\n \n \n \n \n \n \n George Town, Cayman Island - 26 November 2019\n - Mineral & Financial Investments (\"M&FI\" or the \"Company\"))\n , the AIM quoted resources investment company, \n is very pleased to announce \n its Net Asset value and audited fiscal year update on its activities for the 12 months ended 30 June 2020\n \n \n \n CHAIRMAN'S STATEMENT \n \n \n Mineral & Financial Investments Limited M&FI is an investing company with the investment approach and objectives of a mining finance house, which includes providing investment in and capital to finance mining companies and/or projects while providing our shareholders with superior returns. We will seek to provide financing and act as a good partner in exchange for meaningful ownership levels, and board representation if needed and appropriate, all of which with the intention of outperforming mining indices. We will provide advisory services when possible and will be willing to make follow-on investments in the investee companies if, and when, appropriate. The full details of our investing policy are set out in the Directors' Report on page 10. \n \n \n During the twelve-month fiscal period ending 30 June 2020 your company generated net trading income of £726,000 which translated into a net profit of £353,000 or 1.0p (FD) per share for the period. At the period end of 30 June 2020, our Net Asset Value (NA...