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TESORO GOLD LTD — Net Asset Value 2012
Jan 15, 2012
65957_rns_2012-01-15_4ed35ef4-8986-4d52-8f91-6f05200986f5.pdf
Net Asset Value
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CONTINUATION INVESTMENTS LIMITED
NET TANGIBLE ASSETS AS AT 31 DECEMBER 2011
| 31 December 2011 | |
|---|---|
| Cents | |
| Gross Tangible Asset backing1 | 71.4 |
| Deferred tax asset on realised tax losses | - |
| NTA after tax on realised income/gains and/or losses | 71.4 |
| Deferred tax asset /(liability)on unrealisedpositions | - |
| NTA after tax on unrealisedgains and/or losses | 71.4 |
-
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.
At the present time, due to global equity market volatility, the Company continues to hold cash assets. In addition to the net assets noted above, which equate to $1.39million, the Company also holds approximately $239,000 of cash to which it is not entitled, being unpresented cheques from past distributions (including the recent off market buyback) upon which it earns interest until they are claimed or pass to the relevant authorities, after an appropriate period, as unclaimed monies.
Andrew Brown Executive Chairman
For further enquiries: (02) 9380 2876 / 0418 215 255
______________ Continuation Investments Limited Suite 7.09 2-14 Kings Cross Road POTTS POINT NSW 2011 ABN 91 106 854 175 phone: (02) 9380 2876 fax: (02) 8354 0923 email: [email protected]