Executive Summary

Golden Prospect Precious Metals Limited is a closed-ended investment company incorporated with limited liability in Guernsey. The Company will target equity investments in precious metals, including gold, silver, platinum, palladium and also in diamonds. The Company intends to focus its investments in companies which typically have or are anticipated to have a market capitalisation of over T30 million and with defined projects in the development or production phase. The Directors expect that companies already in production will form at least half of the Company's portfolio. The Company also intends to diversify up to 20 per cent. of its gross assets into investments in other metals, minerals and commodities, such as uranium, from time to time as market opportunities arise. Investments will be chosen through a careful selection process which will appraise both fundamental factors specific to the opportunity and wider economic considerations. The Company's portfolio will be managed by the Investment Manager, Ambrian Asset Management Limited, who will actively monitor and reassess each investment while it is held. The Company will, conditional on Admission, acquire an initial portfolio of 9 equity investments in the precious metals sector from Golden Prospect plc (which is in the process of being renamed Ambrian Capital plc) for approximately T9 million, the consideration for which will be satisfied by the issue of shares in the Company.

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here