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LION SELECTION GROUP LIMITED. — Capital/Financing Update 2017
Oct 5, 2017
65271_rns_2017-10-05_518bab0d-2316-44e6-b2ed-bbb768e79455.pdf
Capital/Financing Update
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ASX RELEASE: LSX
Net Tangible Asset Backing
Key Movements in the NTA Since 31 August 2017
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Nusantara Resources (31 August 2017: A$12.7m)
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Erdene Resources (31 August 2017: A$8.0m)
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Uncommitted cash has increased as a result of the completion of a placement (announced 18 September 2017) which raised A$2.7m. The number of shares on issue in Lion has increased from 31 August 2017 to 30 September 2017 as a result.
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Other gold investments within the portfolio have been similarly adversely affected, owing principally to a weakening in gold price during the period (at 31 August 2017 gold closed at US$1,321.29/oz, and at 30 September 2017 had fallen to US$1,278.79/oz).
Net Tangible Asset Backing
Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 30 September 2017 is $0.36 per share (after tax).
| CommodityMarket ValueA$M% PortfolioAustraliaEgan Street ResourcesGold4.0Other Australia0.511% | CommodityMarket ValueA$M% PortfolioAustraliaEgan Street ResourcesGold4.0Other Australia0.511% | CommodityMarket ValueA$M% PortfolioAustraliaEgan Street ResourcesGold4.0Other Australia0.511% | CommodityMarket ValueA$M% PortfolioAustraliaEgan Street ResourcesGold4.0Other Australia0.511% | CommodityMarket ValueA$M% PortfolioAustraliaEgan Street ResourcesGold4.0Other Australia0.511% | ||
|---|---|---|---|---|---|---|
| ARo | ricaxgold | Gold7.6 | ||||
| ToO | ro Gold ther Africa | Gold1.01.0 | ||||
| Ca | sh dedicated to Africa1 | 0.6 | 24% | |||
| AsN | iausantara Resources | Gold11.0 | ||||
| OEr | ne Asia Resources2 dene Resources | Gold2.5Gold6.3 | ||||
| O | her Asia | 2.8 | 53% | |||
| A | mericas | Coal0.8 | 2% | |||
| Uncommitted Net Cash4.310%Net Tangible Assets$42.4m36¢/ share |
1 Includes committed cash of US$0.4 million to AFL3.
2 One Asia at a value of A$0.04/share, after the in specie distribution of Nusantara Resources.
Note: The above table includes investments held directly by Lion and the value to Lion of investments which are held by African and Asian Lion Funds.
Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au
Further enquiries: Craig Smyth E: [email protected]