29 Nov 2019 15:00
GEIGER COUNTER LIMITED | ||||||||
Date of Announcement: | 29/11/2019 | |||||||
Net Asset Values per share as at: | 28/11/2019 | |||||||
The unaudited net asset value (NAV) of the company is noted below in pence per share. | ||||||||
Pence per share | ||||||||
Geiger Counter Limited | 14.98 | |||||||
The Fund's NAV has increased materially since the last published NAV on 27 November 2019 as a result of positive news having impacted the assessed value of one of the Fund's investments. The investment in question holds a number of ongoing mining interests, one of which is an iron ore mine where we have been advised of a material increase in value.
The underlying investment has recently closed a significant capital raise in order to bring the prospect into production. Whilst a number of risks exist ahead of production, the Fund has adjusted the underlying valuation to take account of these developments.
Enquiries
CQS (UK) LLP
Craig Cleland +44 (0) 20 7201 5368
finnCap Limited
William Marle / Giles Rolls +44 (0) 20 7220 0500
R&H Fund Services (Jersey) Limited
Jane De Barros-Sousa +44 (0) 1534 825 259