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LION SELECTION GROUP LIMITED. — Net Asset Value 2017
Nov 12, 2017
65271_rns_2017-11-12_ccb61874-b815-4510-8d52-45db55133f71.pdf
Net Asset Value
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ASX RELEASE: LSX
Net Tangible Asset Backing
Key Movements in the NTA during October 2017
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Uncommitted cash has increased as a result of the completion of the Share Purchase Plan (announced 18 September 2017) which raised A$2.8m. The number of shares on issue has increased to 126,553,441.
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Gold equities globally experienced softness during October 2017, against gold price performance which closed the month with only a small gain.
Net Tangible Asset Backing
Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 31 October 2017 is $0.34 per share (after tax).
| CommoditySeptember 2017A$MOctober 2017A$M% PortfolioAustraliaEgan Street ResourcesGold4.04.3Other Australia0.50.411%AfricaRoxgoldGold7.66.7Toro GoldGold1.01.0Other Africa1.01.0Cash dedicated to Africa10.60.622%AsiaNusantara ResourcesGold11.09.7One Asia Resources2Gold2.52.5Erdene ResourcesGold6.35.5Other Asia2.82.547%AmericasCoal0.80.72%Uncommitted Net Cash4.37.718% | CommoditySeptember 2017A$MOctober 2017A$M% PortfolioAustraliaEgan Street ResourcesGold4.04.3Other Australia0.50.411%AfricaRoxgoldGold7.66.7Toro GoldGold1.01.0Other Africa1.01.0Cash dedicated to Africa10.60.622%AsiaNusantara ResourcesGold11.09.7One Asia Resources2Gold2.52.5Erdene ResourcesGold6.35.5Other Asia2.82.547%AmericasCoal0.80.72%Uncommitted Net Cash4.37.718% | CommoditySeptember 2017A$MOctober 2017A$M% PortfolioAustraliaEgan Street ResourcesGold4.04.3Other Australia0.50.411%AfricaRoxgoldGold7.66.7Toro GoldGold1.01.0Other Africa1.01.0Cash dedicated to Africa10.60.622%AsiaNusantara ResourcesGold11.09.7One Asia Resources2Gold2.52.5Erdene ResourcesGold6.35.5Other Asia2.82.547%AmericasCoal0.80.72%Uncommitted Net Cash4.37.718% | CommoditySeptember 2017A$MOctober 2017A$M% PortfolioAustraliaEgan Street ResourcesGold4.04.3Other Australia0.50.411%AfricaRoxgoldGold7.66.7Toro GoldGold1.01.0Other Africa1.01.0Cash dedicated to Africa10.60.622%AsiaNusantara ResourcesGold11.09.7One Asia Resources2Gold2.52.5Erdene ResourcesGold6.35.5Other Asia2.82.547%AmericasCoal0.80.72%Uncommitted Net Cash4.37.718% | CommoditySeptember 2017A$MOctober 2017A$M% PortfolioAustraliaEgan Street ResourcesGold4.04.3Other Australia0.50.411%AfricaRoxgoldGold7.66.7Toro GoldGold1.01.0Other Africa1.01.0Cash dedicated to Africa10.60.622%AsiaNusantara ResourcesGold11.09.7One Asia Resources2Gold2.52.5Erdene ResourcesGold6.35.5Other Asia2.82.547%AmericasCoal0.80.72%Uncommitted Net Cash4.37.718% |
|---|---|---|---|---|
| Egan Street ResourcesOther Australia | Gold4.04.3050411 | |||
| % | ||||
| .. | ||||
| AfricaRoxgold | Gold7.66.7 | |||
| Toro GoldOther Africa | Gold1.01.0 | 1.01.0 | ||
| Cash dedicated to Africa1 | 0.6 | 0.622 | % | |
| Asia | ||||
| usantara ResourcesOne Asia Resources2 | Gold11.0Gold2.5 | 9.72.5 | ||
| Erdene ResourcesOther Asia | Gold6.35.52.82.547 | |||
| % | ||||
| AmericasUncommitted Net Cash | Coal0.80.72%4.37.718 | |||
| % | ||||
| Net Tangible Assets | $42.4m$42.6m36¢/ share34¢/ share | |||
| cludes committed cash of US$0.3 me Asia at a value of A$0.04/share | illion to AFL3.after the in specie distribution of Nusantara Resources. |
1 Includes committed cash of US$0.3 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]