Business
Quarterly Update to 30 September 2017
Quarterly Update to 30 September 2017.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 2448W Paternoster Resources PLC 13 November 2017 \n\nFor immediate release 13 November 2017 \n \n \n \nPATERNOSTER RESOURCES PLC\n(\"Paternoster\" or the \"Company\")\n \n \nQuarterly Update to 30 September 2017\n \nPaternoster Resources plc is pleased to provide a quarterly update for the three months ended 30 September 2017.\n \nKey points\n· Net assets up by around 7% over the quarter\n· A number of Paternoster's investments continued to be very active during this period\n· Net asset value per share was 2.2 times the share price at the period end\n· Listed investments and cash represented 158% of market capitalisation at the period end\n \nChairman's review\nNicholas Lee, Chairman of Paternoster, commented: \n\"Overall, the Company's net assets have increased by around 7% during the period. The Plutus PowerGen plc share price has increased by 61% since 30 June 2017 and is up another 20% since the period end. Ortac Resources Limited has recently successfully raised £1.7 million and so, going forward, it is well funded to focus on its two principal assets and has also just announced the acquisition of Casa Mining Limited. Paternoster has now received shares in i3 Energy Limited and Cora Gold plc via its investment in Glenwick plc. Alecto Minerals plc is also actively seeking a return to AIM. Polemos plc has announced the possible acquisition of a cyber security business by way of a reverse takeover transaction.\"\n \nThe key unaudited performance indicators are set out below. \n \n\n\n\n\nCOMPANY STATISTICS\n\n\n30 September 2017\n\n\n30 June 2017\n\n\nChange \n\n\n\n\nNet asset value\n\n\n£2,981...