Business
Final Results for the Period to 30 June 2018
Final Results for the Period to 30 June 2018.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 2171W Mineral & Financial Invest. Limited 31 July 2018 \n\nMINERAL & FINANCIAL INVESTMENTS LIMITED\nYear End Results And Net Asset Value Update\n \nHIGHLIGHTS:\n \n· Year end Net Asset Value up 19.8% to 7.49p per share, totalling £2,623,000 (audited)\n· Investment Portfolio now totals £2,269,000 up 78.1% from year-end 2016.\n· TH Crestgate's Lagoa Salgada's LS-1 resource tonnage increased by 114% to 9.65Mt\n· TH Crestgate seeking a partner to partly monetize the investment in Lagoa Salgada.\n· Appointing James Lesser the MAFL Board of Directors\n \nGeorge Town, Cayman Island - July 31, 2018 - Mineral & Financial Investments is very pleased to announce MAFL, the AIM quoted resources investment company, today announces its Net Asset value and audited fiscal year update on its activities for the period ended June 30, 2018.\n \nThe Company also confirms that is has today printed and posted its annual accounts to shareholders, and that a copy is available from the Company's website at http://www.mineralandfinancial.com/.\n \nFollowing, the confirmation of printing and posting, the Company confirms that the suspension in trading in the Company's shares on AIM, a market of the London Stock Exchange, will be lifted with effect from 7.30am today (31 July 2018).\n \nCHAIRMAN'S STATEMENT:\nMineral & Financial Investments Limited M&FI is an investing company with the invest 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. We will provide advisory services when possible and will be willing to make follow-on investments when appropriate. \nDuring the fiscal period ending 30 June 2018 your company generated net trading income of £315,000 that translated into a net profit of £55,000 or 0.3p per share. At the period end of 30 June 2018, our Net Asset Value (NAV) was £2,623,000, an increase of 75.5% from the 31 December 2016 NAV of £1,495,000. The Net Asset Value per Share (NAVPS) as ...