Natasa Min Share Discussion Threads

[bones30] 19/4/2011 18:10

> They get on with it. I like very much and will be looking to build a bigger holding.

Bit like a hedge fund. Secretive.

[ducatiman] 19/4/2011 18:09

unv? Which will be showing a good profit.

[daytraders] 19/4/2011 18:08

duc - im happy with results still, but they did mention the below, so where are the other invetments.

SUBSEQUENT EVENTS

Between 1 January 2011 and the date of this report the following material transactions have occurred. The Group has:

-- Purchased $2.7 million of equity and debt instruments.

[daytraders] 19/4/2011 18:05

ah ok, but i dont see any of it listed, mind you they dont have to i suppose as this is results upto 31st december, but i would have thought we would have had rns or it mentioned today, i only see $2.7 mill listed, i think rns in january was wrond and was meant to include Other financial assets also.

[ducatiman] 19/4/2011 18:05

bones, far above mkt cap!!

[ducatiman] 19/4/2011 18:04

DAY, they announced $50m in january, these results are up to end dec, jeez, theres no pleasing some people :-)
These guys don`t waste time and money promoting every little gain/trade. They get on with it. I like very much and will be looking to build a bigger holding.

[bones30] 19/4/2011 18:02

OK so what's the NAV here?

[daytraders] 19/4/2011 17:49

so we had $50mill cash now $29mill cash, what have we bought (i only see a $2.7mill spend)? also what a rubbish time to release rns, everyone knows these get read before 8am open, this will get missed.

EDIT: i think they must have included Other financial assets in there january rns(what would this include if not cash ?)

[ducatiman] 19/4/2011 17:48

profit $4,384,414
net assets $56,770,641
total liabilities $209,988
Can`t argue with that, I like!!
How many companies would die for those figures. Well done NSN.

[liarspoker] 19/4/2011 17:26

Wakey, wakey.....:O)

NSN make good investments.

[lr2] 19/4/2011 16:22

"UEP shareholder watches in amazement as share price continues to rise".

[ducatiman] 19/4/2011 16:13

lol, uep mkt cap £8m, what is going on?

[ducatiman] 19/4/2011 10:04

uep mkt cap now £6.7m and looking set to go higher, at this rate they will have a greater mkt cap than nsn!

[lr2] 18/4/2011 22:05

Thanks LP.

[liarspoker] 18/4/2011 22:01

LR2 - read the UVC RNS at the end of January.

The original UVC stake is part of the $50m cash so the cash balance will be less than $50m for starters. Then NSN helped ( ie gave more cash to ) UVC in exchange for shares which will be held in escrow for 2 years. Therefore the cash balance will be less.

The cash and equivalent figure should be different though.

[lr2] 18/4/2011 21:53

5p is a mistype. Meant to be 15p. Still totals £750k. Thanks SSB.

[sideshowbull] 18/4/2011 21:09

LR2 - I think you will find the Kryso warrants are at 15p not 5p

[lr2] 18/4/2011 20:21

LP, yes I took the Kryso figure that Duc posted in post #709.

Checking on the Universal Coal web site I can't see Natasa in the list of their significant shareholders so perhaps NSN have sold down some / all of their original UNV shareholding. In which case the UNV / cash holdings I posted may be significantly different. Hopefully, the overall balance will not vary too much.

[liarspoker] 18/4/2011 19:36

Yep cash will be less for starters as pointed out a few posts above.

Where did you get the warrant info from ducati ?

[lr2] 18/4/2011 17:48

Here's a quick and dirty valuation I've put together. Anyone out there with different opinions please let me know so I can make necessary adjustments.
______________________________________________________________________________________

Cash - US$50+ million as per 21/01 Quarterly Activities note - approx £30.8 million.

UNV - 17,538,462 shares in Universal Coal (UNV) - 8.89% of company. Quoted in Australia at 50c currently. Total value = AU$8.77 million. £5.67 million equivalent.

UEP - UMC Energy (UEP) - 83.5% of company - 244,444,763 shares in total so 204,111,307 shares approx to NSN - at current 2.25p - approx £4.59 million.

Puquios Copper exploration assets - value unknown.

Kryso warrants - 5 million at 15p - £0.75 million.

Total value - £41.81 million.

NSN - share total 29,241,951.

Approx. asset value per share - £41.81 / 29.24 = £1.43.

[ducatiman] 18/4/2011 16:55

results any day now, possibly even tomorrow. Hopefully showing an increase in nav and a profit. Will the market take note? Can they continue to value uep at nil given the near £6m mkt cap? Still under the radar it would seem, hopefully the png option will be exercised and we will see some interest.

[ducatiman] 18/4/2011 09:53

found out, 5m at 15p.

[ducatiman] 15/4/2011 17:25

Do we have warrents at kryso?