Mineral & Financial Invest. Limited

Net Asset Value • Jul 15, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2413M

Mineral & Financial Invest. Limited

15 July 2014

MINERAL & FINANCIAL LIMITED

("Mineral & Financial", "MAFL", or the "Company")

NET ASSET VALUE UPDATE

MAFL, the AIM quoted resources investment specialist, today announces an NAV and operations update on its activities for the period ended 30th June 2014.

Highlights

·     Net assets of £1.38 million, or 10.03p per share (unaudited)

·     Fourth consecutive quarter of increased NAV 

·     Continued focus on larger mining companies

·     New investment in zinc ETF, ahead of recent rally

·     Total cash at period end: £636,000, or 4.6p per share

Post period end

·     Continuing to evaluate significant assets for acquisition

·     Global mining markets continue to improve

Commenting today Alastair Ford, CIO of MAFL said: "I am pleased to report our fourth consecutive quarterly increase in the Company's net assets per share (NAV), from 7.7 pence to 10.03 pence. This comes against a backdrop of rising nickel and zinc prices, a stabilisation in the gold price, and further - albeit cautious - improvement in the mining equity markets. Our positions in zinc, nickel and oil performed well during the quarter, and I look forward to the rest of the year with cautious optimism."

The Company will be holding its Annual Meeting on 21st July at 11am at 24 Martin Lane, London, EC4R 0DR.

For more information:

Katy Mitchell, WH Ireland                                +44 161 832 2174

Laurence Read, Director                                   +44 20 3289 9923

Notes: The net asset value calculation is subject to audit and is made on the basis that the Company has 13,722,062 shares in issue. All listed investments, including investments on ISDX, are valued at the closing bid price as at 30th June 2014. The Company has an investment in one unquoted gold Company, which is currently valued at the price at which the gold Company in question last raised money, although this is subject to review.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUSRURSKABAAR