Business
NAV update
NAV update.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 3287F Mineral & Financial Invest. Limited 20 February 2018 \n\nMINERAL & FINANCIAL INVESTMENTS LIMITED\n(\"Mineral & Financial\", \"MAFL\", or the \"Company\")\n \nNET ASSET VALUE UPDATE\nMAFL, the AIM quoted resources investment specialist, today announces an NAV and operations update on its activities for the period ended December 31, 2017.\n \n· Year end Net Asset Value up 18.9% to 7.43p per share, totalling £2,602,816 (unaudited)\n· TH Crestgate's Lagoa Salgada's LS-1 resource tonnage increased by 114% to 9.65Mt\n· Investment Portfolio now totals £2,200,061, up 72.7% from year end 2016.\n· Two new tactical investments initiated\n· TH Crestgate is now seeking to monetize the investment in Lagoa Salgada.\n \nCHAIRMAN'S STATEMENT\nAs at year-end 2017, the fully diluted Net Asset Value per share was 7.43p. an increase of 18.9%. Our cash position, as at year end is robust at £456,095, while our total investment portfolio is £2,200,061, up 72.7% from December 31, 2016.\n \nThe global economic performance, as measured by economic output, continues to be positive, rising 3.7% in 2017, according to International Monetary Fund's (IMF) economic analysis, after rising 3.2% in 2016. The stronger momentum experienced in 2017 is expected to carry into 2018 and 2019, with global growth revised up to 3.9% by the IMF for both years (0.2% point higher relative to the fall forecasts). Additionally, the US Dollar Spot Index, which measures the US dollar versus a trade-weighted basket of currencies, has declined from 103.01 reached on December 23, 2017 to a current level of 89.637, or down 13%. Both of these factors should foster a fertile environment for natural resource investments. The likely offsetting headwind, during the next 24 months, will be tightening monetary conditions in most economies, most notably in the US resulting in rising interest rates. As the US Federal Reserve System begins to reverse its crisis era monetary policies, such as Quantitative Easing (QE) and reduces its balance sheet from $4.4 trillion back to more normal levels (NB the Feds balance sheet in 2007 was $870B), interest rates will continue to increase. \n&...