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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Baker Steel Resources Trust Limited | BSRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -2.97% | 49.00 | 15:24:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.50 | 48.00 | 50.50 | 49.00 | 50.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 30/11/2023 17:28 by golden prospect I'd not be surprised to see MIGO go overweight in BSRT, think Nick is a fan |
Posted at 23/11/2023 17:30 by golden prospect chrisdgb, yes indeed - a standout choice especially given Futura should now have Wilton up and running (One suspects Sojitz will takeout Futura).On a valuation basis it's not inconceivable to think the current BSRT mcap is less than the investment in Futura, suggesting that the balance 70% fund comes for free! Plenty of scope to see multiple gains in 2024. One to watch. NAV at 31 October 2023 65.9p At 36p the discount is 45%, historically very wide and absurd. |
Posted at 19/1/2023 18:12 by strollingmolby Edison's short piece on BSRT:Upside potential from successful project funding Baker Steel Resources Trust (BSRT) posted an NAV total return of -16.3% in FY22, which was mostly a result of the de-rating of recently floated holdings Tungsten West and First Tin and the impact of Western sanctions against Russia on Polar Acquisition (PAL) and Azarga Metals. However, BSRT also agreed to sell its equity stake in its largest holdings (Bilboes Gold, completed in January 2023) and saw progress across several projects. BSRT’s maturing portfolio offers the prospect of attractive income from royalty payments (on production launch of Futura, PAL and Bilboes Gold) and dividends (from Caledonia Mining Corporation, CMCL, and later potentially also Cemos). |
Posted at 19/2/2018 08:58 by strollingmolby Sale of Interest in Prognoz Silver19 February 2018 Polar Acquisition Limited ("PAL") agrees to sell its interest in the Prognoz Silver Mine in Russia to Polymetal International PLC. -- Sale of 90% of Polar Silver Resources for US$72 million -- PAL to retain a continued interest through royalty on future production from Prognoz -- Transaction results in uplift in valuation of PAL of approximately 25% Baker Steel Resources Trust Limited (the "Company") announces that its largest investment, Polar Acquisition Limited ("PAL") has agreed to sell its 90% interest in Polar Silver Resources Limited ("Polar Silver") to Polymetal International plc ("Polymetal") (LSE, MOEX: POLY; ADR: AUCOY) for US$72 million to be satisfied in Polymetal shares. In January 2017, PAL sold a 10% stake in its subsidiary Polar Silver to Polymetal, which committed to fund and undertake a pre-feasibility study on the Prognoz silver project in Russia. As part of that agreement Polymetal was granted an option to acquire the remaining 90% of Polar Silver in March 2019 for a price based on silver reserves and the silver price at that time. Following a successful field season in 2017, during which 37km of diamond drilling was undertaken, PAL and Polymetal have now agreed to accelerate the exercise of the option such that Polymetal will upon closing acquire PAL's 90% interest in Polar Silver for US$72 million to be satisfied in new Polymetal shares. 90% of the consideration shares will be subject to a lock-up period of 180 days. Polar Silver holds a 50% interest in Prognoz silver project which has JORC-compliant Indicated and Inferred Resources (estimated by Micon in 2009) of 292 million ounces of silver at a grade of 586 g/t. In order to retain exposure to Prognoz going forward, including the attractive exploration potential, PAL will receive a royalty of between 2% and 4% (pro rated by the net 45% stake being acquired) on future production from the mine. The royalty has been valued based on the current pre-development status of the Prognoz project and it can be expected to appreciate as the project moves towards production. Taking into account the value of the Polymetal shares to be received by PAL and the valuation of the royalty, the Company's carrying value of PAL can be expected to increase to approximately US$41 million at the next NAV date, a 25% increase on the carrying value at 31 January 2018. On a pro forma basis this transaction would have increased the Company's NAV by approximately 9% had the agreement been signed prior to 31 January 2018. The Company has invested a total of US$14.2 million over the past seven years into PAL, realised US$6 million in cash during 2017, resulting in a return on investment of in excess of 3 times. Subject to the receipt of the required Russian regulatory approvals, the transaction is expected to close in during the first quarter of 2018 Polymetal is a major gold company listed on the London Stock Exchange with a market capitalisation of approximately GBP3.5 billion. During 2017 it produced 1.43 million ounces of gold equivalent. In 2017, Polymetal paid out US$138 million in dividends, translating into a 2.7% dividend yield based on the average share price for the year. |
Posted at 05/3/2014 11:46 by fangorn2 Overseas AM "Euro Value Fund" increases stake to 4.3% |
Posted at 28/2/2014 17:04 by alimac100 Any other lost souls still hanging in here................FWIW British Bulls have just stuck a bull tag and a buy signal (yes a BUY!!!) on good old BSRT. |
Posted at 18/10/2013 13:56 by strollingmolby Indeed - BSRT price has moved in opposite direction from IVN price... Discount widening. |
Posted at 01/8/2013 11:25 by strollingmolby Merryn Somerset-Webb (MoneyWeek aditor) also dropped BSRT into the bottom of this article on 19 July, where she argues against buying structured products, and instead buying stocks that have already fallen:And the miners have been properly bashed. GlencoreXstrata is down 32 per cent since September alone and now offers a dividend yield of 5 per cent, which is some compensation for the risk inherent in holding its shares. Rio Tinto is much the same down 26 per cent and yielding 4 per cent. Not a stock picker? You could buy BlackRock World Mining Trust, a diversified mining investment trust which yields 4.5 per cent and trades at a discount of 6.9 per cent to the value of its assets or, if you're really daring, Baker Steel Resources Trust, which holds junior mining and pre-IPO stocks. It's down over 50 per cent over the past year and trades at a yawning 38 per cent discount to its net asset value. Not a bad 'tip' given the return since. |
Posted at 06/2/2013 11:28 by marben100 Major resource increase at Flatreef announced by IVP: Indicated resources now stand at 29.2Moz 4PGE; inferred at 44Moz + Cu & Ni credits. Last estimate (released @ IPO) was 37.6Moz inferred (no indicated), so rough doubling of total resources at Flatreef. IVP share price reaction today will be interesting... glad that BSRT are locked-in, wouldn't want them selling too soon! |
Posted at 18/12/2012 16:38 by peterbill FWIW ... I emailed the contact on the website regarding whether there were any plans for extending the expiry date of the subs ... got this reply below.Dear Mr xxxxxx, Thank you for your email, which we received from Pelham Bell Pottinger, the company's PR advisors. We are the Investment Managers to Baker Steel Resources Trust ("BSRT"). Announcements and information regarding subscription shares can be found on the company's website: www.bakersteelresour As per your request, we will certainly forward your query to the BSRT board. Kind regards, Cosmo Sturge Investor Relations Associate Baker Steel Capital Managers LLP 86 Jermyn Street, London, SW1Y 6JD T: +44 (0)20 7389 8280 www.bakersteelcap.co |
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