Business
Quarterly update to 31 March 2016
Quarterly update to 31 March 2016.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 0997A Paternoster Resources PLC 03 June 2016 \n\n \n \n \n \n \n3 June 2016\n \nPATERNOSTER RESOURCES PLC\n\"Paternoster\" or the \"Company\"\n \n \nQuarterly Update to 31 March 2016\n \nPaternoster Resources plc, the investing company focused on the natural resources sector, is pleased to provide a quarterly update to 31 March 2016.\n \nThe key unaudited performance indicators are set out below. \n \n\n\n\n\nCOMPANY STATISTICS\n\n\n31 March 2016\n\n\n31 December 2015\n\n\n Change \n\n\n\n\nNet asset value\n\n\n£3,370,562\n\n\n£2,948,406\n\n\n14.3%\n\n\n\n\nNet asset value - fully diluted per share\n\n\n0.363p\n\n\n0.320p\n\n\n14.3%\n\n\n\n\nClosing share price\n\n\n0.190p\n\n\n0.185p\n\n\n2.7%\n\n\n\n\nShare price premium/(discount) to net asset value\n\n\n(48%)\n\n\n(42%)\n\n\n-\n\n\n\n\nMarket capitalisation\n\n\n£1,753,430\n\n\n£1,707,287\n\n\n2.7%\n\n\n\n\n\n\n\n\n\n\n\n \n \n \n\n\n\n\nCategory\n\n\nPrincipal investments\n\n\nCost or valuation (£)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUnlisted/pre IPO\n\n\nBison Energy Services Limited, Andiamo Exploration Limited, Elephant Oil Limited, MX Oil plc and Alecto Minerals plc\n\n\n892,221\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nListed\n\n\nMetal Tiger plc, MX Oil plc, Plutus PowerGen plc, Shumba Coal Limited and New World Oil and Gas plc\n\n\n1,813,294\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInvestment portfolio\n\n\n\n\n\n2,705,515\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash resources \n\n\n\n\n\n550,140\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n\n\n\n3,255,655\n\n\n\n\n \n \nSince the Company's last quarterly update, the Company's net asset value has increased by over 14%, principally as a result of a significant increase in the Metal Tiger plc (\"Metal Tiger\") share price. Subsequent to the end of the period covered by this quarterly update, Metal Tiger has continued to perform well and the Company has realised some substantial profits by selling part of its interest in Metal Tiger which has contributed significantly to the Company's cash resources. In addition, the Company has realised additional profits from the sale of some more shares in Plutus PowerGen plc (\"Plutus PowerGen\") and this company's share price has also started to recover. The convertible loan ...