Company Profile and Strategy
The Company has been actively pursing and study potential investment opportunities in the resources sector which are in line with the Company's stated investing policy. In addition, the Company has commenced preliminary discussions with prospective debt and equity financiers in regards to these opportunities, and has been encouraged by the response regarding the level and types of funding that could be available.
The Company's strategic objective is to identify projects that have a clear pathway to production or monetization and can generate high returns to shareholders. This will be achieved by leveraging the in house expertise and track-record in identifying, acquiring, financing, developing and operating resources projects, and un-locking value. The Company's plan is to identify advanced or brown-field assets which have a stronger chance of being re-rated in the listed market.
The investment climate in the resources sector continues to be very difficult. Resources equity and asset valuations are currently substantially discounted which we believe will provide an attractive buyer opportunity for the Company at the bottom of the investment cycle.