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Baker Steel Resources Trust Ltd - Guernsey-incorporated firm investing in equities, loans or related instruments of natural resources companies - Net asset value per share as at June 30 stands at 80.4 pence per share, down 18% from 98.4 pence at the end of December, as precious metals mining shared declined on a drop in gold and silver prices, as well as a bearish sentiment in general markets.
‘The outlook for the remainder of this year is expected to remain uncertain owing to the macro-economic situation discussed above keeping commodity prices volatile, but the company's investments are generally well positioned to weather a storm in the short-term. Closing of the financing required to see Futura into production will be an important value driver for the company, although the uncertainty around the timing of this has increased somewhat,’ said Chair Howard Myles.
Current stock price: 60.53 pence
12-month change: down 28%
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