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TESORO GOLD LTD — Net Asset Value 2012
Nov 14, 2012
65957_rns_2012-11-14_79f979ec-b334-423a-b185-a63232cc56c2.pdf
Net Asset Value
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CONTINUATION INVESTMENTS LIMITED
NET TANGIBLE ASSETS AS AT 31 OCTOBER 2012
| 31 OCTOBER 2012 | |
|---|---|
| Cents | |
| Gross Tangible Asset backing1 | 9.44 |
| Deferred tax asset on realised tax losses | - |
| NTA after tax on realised income/gains and/or losses | 9.44 |
| Deferred tax asset /(liability)on unrealisedpositions | - |
| NTA after tax on unrealisedgains and/or losses | 9.44 |
-
Gross Tangible Asset Backing:
-
includes investments at current market value less associated selling costs
-
is before Deferred Tax Asset on realised tax losses
-
is before any Deferred Tax on unrealised investment gains/losses
Comments:
The Net Tangible Assets quoted above are based on unaudited financial accounts.
In August 2012, the Company completed an Entitlement Issue on the basis of 2.4 new shares for every 1 share held.
At the present time, the Company continues to actively examine various investment opportunities and holds predominantly cash assets. In addition to the net assets noted above, which equate to $1.876 million the Company also holds approximately $233,000 of cash which it is not entitled, being unpresented cheques from past distributions upon which it earns interest until they are claimed or pass to the relevant authorities, after an appropriate period, as unclaimed monies.
Sarah Smith
Company Secretary
For further enquiries: (08) 9322 7600
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]