Quarterly NAV

RNS Number : 6065W

Athol Gold and Value Limited

01 February 2012

 



01 February 2012

ATHOL GOLD AND VALUE LIMITED

("Athol" or the "Company")

QUARTERLY NAV

The board of Athol today announces that the company's fully diluted Net Asset Value per share as at the close of play on 25th January 2012 was 0.33p.

Athol recently widened its investment strategy to give the manager increased flexibility in regard to special value situations. The company's assets, as at the 25th January 2012, were split as follows:

UK	£                 2,470,025
Canadian	£                     118,886
Debt Securities	£                     418,000
Unquoted	£                       10,198
Cash	£                     332,245

In calculating the Net Asset Value the fully diluted number of shares in issue has been arrived at by aggregating all outstanding options and loan notes to be converted into shares with the shares currently in issue. Accordingly the number of shares that would be issued on a fully diluted basis is 1,030,294,526.

Tom Winnifrith, Senior Fund Manager - T1ps Investment Management noted: 'We have now merged the Worship Street and Athol Portfolios. The recent pick up in the gold price gives us real confidence that the Net Asset value will increase materially from 25th January while our cash position allows us to exploit a number of special situations. We continue to work on a number of corporate transactions which will increase our Funds Under Management materially giving us the economies of scale we need. We have started the current quarter well and look forward to a fruitful and rewarding few months."

For further information please call:

Athol Gold and Value Limited
Jennifer Allsop	[phone]
Libertas Capital
Sandy Jamieson	0207 569 9650
Bishopsgate Communications
Laura Stevens / Giang Nguyen	0207 562 3350

 

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