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Baker Steel Resources Trust Ltd - investor in mining companies - Net asset value per share rises 15% to 174.3 pence at February 27 from 152.2p at January 30. NAV rises to £185.0 million from £162.0 million. Attributes growth to increases in share prices of quoted companies in the portfolio, particularly Tungsten West which rose 69% during the month. Notes that recent events in the Middle East have created new uncertainty but says it not aware of any meaningful negative impact on its portfolio companies. ‘The successful equity financing for Tungsten West and continued rise in the tungsten price as a critical mineral has propelled its share price to new highs and now positions it as the company’s largest holding, which is positive given the fundamental value that it continues to offer as well as its deep discount to a number of listed peers,’ says Trevor Steel, chief investment officer of the investment manager, Baker Steel Capital Managers LLP. ‘The mining developer space, the focus of the company, has come alive with widening interest from investors in the potential returns to be captured with the backdrop of supportive commodity prices and government interest in critical minerals supply chains.’ Current stock price: 111.00 pence, closed down 5.9% on Monday in London 12-month change: more than doubled Copyright 2026 Alliance News Ltd. All Rights Reserved.
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