Unique opportunity to purchase both a world class Bauxite prospect and Siberian Gold & Iron Ore mining opportunity for effective negative value. Minimum Price Target 20p. At the current price of 6.75p, shares in Global Resources Investment Trust offer a rare opportunity to purchase large stakes in one of the largest Bauxite reserves in the world and a highly prospective Russian gold miner for, in effect, negative value. As the stakes in Anglo African Minerals (AAM) and Siberian Goldfields move towards anticipated liquidity events during 2017 we expect a sharp re-rating in the market’s current discount to NAV.
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Global Resources Investment Trust. Initiation of Coverage
- Published:
27 Dec 2016 -
Author:
Mark Parfitt -
Pages:
23
Unique opportunity to purchase both a world class Bauxite prospect and Siberian Gold & Iron Ore mining opportunity for effective negative value. Minimum Price Target 20p. At the current price of 6.75p, shares in Global Resources Investment Trust offer a rare opportunity to purchase large stakes in one of the largest Bauxite reserves in the world and a highly prospective Russian gold miner for, in effect, negative value. As the stakes in Anglo African Minerals (AAM) and Siberian Goldfields move towards anticipated liquidity events during 2017 we expect a sharp re-rating in the market’s current discount to NAV.