
The Company's Investing Policy is to acquire shares traded in London on the LSE, AIM or PLUS and on the TSX and ASX by participation in public offerings or via secondary markets. The aim of Athol is to be a passive investor and it will not be seeking to gain control of any company merely to buy shares which it considers to be fundamentally undervalued and offer scope for material returns within 5 years. There will be no geographic, sectoral or company specific concentration restrictions or limit on the number of investments made. The key strategy is medium/long term only ungeared, value investing with an objective of continuing to deliver market beating growth in its Net Asset Value per share.
The Company's prime focus for cash investments will be to continue to acquire holdings in natural resources, with a particular focus on precious metals such as gold and silver while the value inherent in precious metals is as clear cut as it is at present, which the Directors believe are undervalued and where one or more such transactions have the potential to create value for Shareholders.
The Company will also seek to acquire investments or investment portfolios from investing companies or other sources or in the secondary market which the Directors believe are undervalued and where one or more such transactions have the potential to create value for Shareholders. Such acquisitions will be purchased primarily through the issue of new Ordinary Shares to the vendors of such investments or investment portfolios.
Returns to shareholders are expected to be by way of growth in the value of the Company's shares. It is the Board's current intention to hold investments for the long term.The Company publishes a quarterly update on its NAV.
Tom Winnifrith - Athol Gold Chief Operating Officer ( New Appointment )
.
Tom Winnifrith is the founder of t1ps.com, he started his career in the
City before moving to The Investors Chronicle. He starred in TV's Show
Me The Money and was the founder of Red Hot Penny Shares (RHPS)
as well as being a contributing editor to Shares Magazine. Away from
work, his interests are West Ham United and the Ireland Rugby team.
Tom is 44, divorced and lives in the Isle of Man where he runs Rivington
Street Holdings.