Resources Investment Trust Share Discussion Threads

[energyi] 07/12/2005 11:16

NAV on 6 December was 177.66p per share.

Price: 140.25: discount: -21.1%
HUI.: 252.82 / GBP: $174.23

-Date/Yr --REI- --NAV- -Disc. --HUI- --GBP- PdHUI Hmult HRatio
31.Dec/4 111.00 144.5d -23.2% 215.33 $1.916 112.4 1.286. 98.8%

30.Sep/5 137.10 170.90 -19.8% 245.19 $1.764 139.0 1.194. 98.6%
31.Oct/5 127.00 152.48 -16.7% 222.84 $1.769 125.9 1.211 104.9%
30.Nov/5 132.20 172.80 -23.0% 243.44 $1.729 140.8 1.227. 93.9%

06.Dec/5 140.25 177.66 -21.1% 252.82 $1.742 145.1 1.224. 96.7% new high
======== +26.4% +22.9% ...... +17.4% - 9.1% +29.1%

[energyi] 03/12/2005 10:53

I may have bought your shares... paid 133p.

Thanks

[zapherz] 02/12/2005 22:50

Typical - I've held this one all year along with mlw. REI's been the laggard and decided to sell on monday this week. Son on cue, it begins to perform at last. GOod luck to you all. I'll be back sometime, once my speculation in Monaco property turns good.

REgards

Z

[energyi] 02/12/2005 14:34

Date.. -REI-- -NAV-- -Disc. -HUI-- -N/H- $./GBP
21.nov 129.75 169.18 -23.3% 253.32 0.668
22.nov 129.75 170.12 -23.7% 254.81 0.668
23.nov 129.95 168.41 -22.8% 248.70 0.677
24.nov 133.90 168.51 -20.5% thxgiv
25.nov 133.75 171.47 -22.0% 255.02 0.672
28.nov 133.75 172.62 -22.5% 253.89 0.680
29.nov 133.75 172.72 -22.6% 251.40 0.687
30.nov 133.00 172.80 -23.0% 243.44 0.710 $1.729
01.dec 132.20 172.58 -23.3% 253.65 0.680 $1.732

[energyi] 02/12/2005 09:43

Today REI has traded about 138p.
It is very near to its 140p peak- I am hoping for a breakout.

A short term top may be near 140p. But longer term, I am expecting Gold to
breakout and show a sustained move above $500 next year. If that happens, then
I would expect HUI and REI to breakout too.

Gold xMult -HUI- /GBP=PdHUI Hmult NAVest D-17%. REI
$450 x50% 225.0 /1.75=128.5 x1.15 147.8p x .83= 122.7p
$500 x50% 250.0 /1.75=142.9 x1.15 164.3p x .83= 136.4p
$550 x50% 275.0 /1.75=157.1 x1.15 180.7p x .83= 150.0p
$600 x50% 300.0 /1.75=171.4 x1.15 197.1p x .83= 163.6p
$650 x50% 325.0 /1.75=185.7 x1.15 213.6p x .83= 177.3p
$800 x50% 400.0 /1.75=228.6 x1.15 262.9p x .83= 218.2p

Note:
If they can shrink the discount to 10%, and Gold goes to $650 next year:
$600 x50% 300.0 /1.75=171.4 x1.15 197.1p x .90= 177.4p

So take 175p as my Upside target for 2006 (at $600 gold),
and 190p at $650 gold

[gateside] 01/12/2005 12:03

energyi...

Do you have a target price for REI?
And what sort of timescale are you looking at?

[energyi] 01/12/2005 12:00

There was stgill some hangover as late as Oct.2003, but mostly gone by then.

Have you those old calculations?
I would like to keep track of historical figures too.

= =

I am not the only one buying REI...

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Name of company: RESOURCES INVESTMENT TRUST PLC
Name of shareholder having a major interest

ING BANK N.V. LONDON BRANCH

Number of shares/amount of stock acquired: 800,000
Percentage of issued class: 3.76%
Date company informed: 30 NOVEMBER 2005

[bionicdog] 01/12/2005 07:40

That's not entirely true , some of us used to regularly work it out and post on here when it was getting on the high side. For example see 15th Oct 03 and quite some time afterwards to a lesser extent, unless you consider that to still be in the early days , in which case fair enough. As for CER , yes they have taken their hit and that is perhaps why REI is deservedly lagging behind some other funds. Why should it catch up with other funds not so heavily invested in CER? The large investment in EEN (which obviously cannot be helped by the current POG) may also be holding it back. As I say , I'm not an REI basher.

[energyi] 01/12/2005 06:59

BD,
If you think CER has already taken "its hit", then that no longer applies.
As far as i know, REI's discount was higher only in teh earky days when it was stuffed with the initial placement shares.

[bionicdog] 30/11/2005 12:09

If memory serves , the discount to NAV has been as high as 34% in the past , the current discount is nothing out of the ordinary. Also , why should it be compared to MLW or HUI , when the basket of companies that REI invest in might not reflect either of these. Don't get me wrong , I like REI , but it hasn't just become a screaming buy in the last week. Celtic's woes haven't helped either.

[energyi] 30/11/2005 11:04

Date.. -REI-- -NAV-- -Disc. -HUI-- -N/H-
21.nov 129.75 169.18 -23.3% 253.32 0.668
22.nov 129.75 170.12 -23.7% 254.81 0.668
23.nov 129.95 168.41 -22.8% 248.70 0.677
24.nov 133.90 168.51 -20.5% thxgiv
25.nov 133.75 171.47 -22.0% 255.02 0.672
28.nov 133.75 172.62 -22.5% 253.89 0.680
29.nov 133.75 172.72 -22.6% 251.40 0.687

REI has been gaining on the HUI,
thanks to Max Petroleum, I suppose. TMC up too

[energyi] 29/11/2005 21:35

REI.L
28 November 132.00p
....NAV was 172.62p ... Discount is 23.5%: the Most in Years!

If we get a breakout in Gold above $500, and a jump in the Juniors,
this will be seen as a GREAT BUYING opportunity

[energyi] 27/11/2005 22:49

charts for Header- need changing

- REI.L ......... : - HUI ........... : - UKX.L ......... : - XBP ........... : - GFI ............ :


- EEN.L ......... : - CBM.L ......... : - CER.L ......... : - TMC.L ......... : - OYM.v .......... :


- ALMI .......... : - YZC.v ......... : - BZA.t ......... : - GTL.L ......... : - USGL ........... :

[energyi] 27/11/2005 22:47

RNS Number:6382D
Resources Investment Trust PLC
04 October 2004

Top 10 Holdings 30th September 2004

Resources Investment Trust PLC announces its top ten portfolio constituents as
at the quarter ended 30th September 2004.

Company Value # % of portfolio

Emerald Energy Plc #3,387,500.00 11.44%
Cambrian Mining Plc #3,303,993.68 11.16%
Celtic Resources Holdings Plc #3,243,750.00 10.96%
Toledo Copper Corporation Plc #1,540,000.00 5.20%
Olympus Pacific Minerals Inc #1,537,117.90 5.19%
Atlas Cons Mining & Development #1,488,674.63 5.03%
Expatriate Resources Ltd #1,473,799.13 4.98%
International Taurus Resources Inc #1,266,375.55 4.28%
GTL Resources Plc #1,125,000.00 3.80%
US Gold Corp #910,980.45 3.08%

Total #19,277,191.34 65.12%

4th October 2004

Top 10 Holdings 30th Sept 2005
Symb. Company====================== Value Pds. Pct. PriceP No.shares
EEN.L Emerald Energy Plc........... #3,387,500 11.4% 173.0 1,958,092
CBM.L Cambrian Mining Plc.......... #3,303,994 4.46% 178.3 1,853,365
CER.L Celtic Resources Holdings Plc #3,243,750 11.0% 200.5 1,617,830
TMC.L Toledo Mining Corporation Plc #1,540,000 5.20% 101.5 1,517,241
OYM.v Olympus Pacific Minerals Inc. #1,537,118 3.66% C$.36 8,743,561
ALMI- Atlas Cons Mining & Devel'mt. #1,488,675 5.03% $1.02 2,572,891
YZC.v Yukon Zinc/Expat.Res......... #1,473,799 4.98% $.22 13,722,523
BZA.v Bonanza Gold/Intl Taurus..... #1,266,375 4.28% $-.?? ?,???,???
GTL.L GTL Resources Plc............ #1,125,000 3.80% 01.7 66,176,470
US Gold Corp #910,980.45 3.08%: 2.14
USGL- US Gold Corp................. #0,910,980 3.08% $2.14 0,750,519
===== Top 10 Investments.......... #19,277,191 65.1%
===== Total Valuation............. #29,602,566 100.% 117.9
(Note: FX rates at 9/30: $1.763, C$0.861, C$2.048/Pd.)
Others at 6/30/05 shareholding x 9/30 price:
SRCSF Summit Resources Limited..... #1,804,197 4.37% $0.64 4,970,000
ENM.t Energem Resources Inc........ #1,230,469 3.96%C$2.80 0,900,000
MXP.L Max Petroleum Plc (pre-IPO).. #1,000,000 3.38% -N/A-
EEL.L Equator Exploration Limited.. #1,458,000 4.93% 243.0 0,600,000
===== Next 4 Investments........... #5,492,666 18.6% Before Sales

[energyi] 27/11/2005 22:45

Symb. Company====================== Value Pds. Pct. PriceP No.shares

EEN.L Emerald Energy Plc........... #3,505,625 11.0% 178.5 2,000,000
CER.L Celtic Resources Holdings Plc #2,379,000 7.47% 390.0 0, 61,000
ACMBB Atlas Cons Mining & Devel'mt. #2,340,313 7.35% $1.12 3,700,000
TMC.L Toledo Mining Corporation Plc #1,790,250 5.62% 100.0 1,800,000
CBM.L Cambrian Mining Plc.......... #1,422,000 4.46% 118.7 1,200,000
SRCSF Summit Resources Limited..... #1,391,665 4.37% $0.50 0,500,000
ENM.t Energem Resources Inc........ #1,262,698 3.96%C$3.08 0,900,000
OYM.v Olympus Pacific Minerals Inc. #1,166,128 3.66% C$.32 0,800,000
MXP.L Max Petroleum Plc (pre-IPO).. #1,000,000 3.14% -N/A-
EEL.L Equator Exploration Limited.... #996,000 3.13% 161.5 0,600,000
===== Top 10 Investments.......... #17,258,678 54.2%
===== Total Valuation............. #31,860,214 100.% 117.9
(Note: FX rates at 6/30: $1.787, C$0.814, C$2.195/Pd.)

-Date/Yr --REI- --NAV- -Disc. --HUI- --GBP- PdHUI =/NAV HRatio
03.Aug/4. 92.50 113.84 -19.7% 186.69 $1.825 102.3 0.898. 90.4%
30.Mar/5 125.10 151.30 -17.3% 199.15 $1.880 105.9 0.700 118.1%
30.Jun/5 117.90 ...... ...... 201.56 $1.787 112.8 ..... 104.5%
16.Sep/5 132.00 162.30 -18.7% 239.54 $1.805 132.9 0.819. 99.3%
13.Oct/5 132.10 156.49 -15.6% 230.59 $1.754 133.4 0.852. 99.0%
23.Nov/5 131.00 168.41 -22.2% 248.70 $1.721 144.5 0.858. 90.7%

[energyi] 27/11/2005 21:35

Looking cheap!

-Date/Yr --REI- --NAV- -Disc. --HUI- --GBP- PdHUI =/NAV HRatio
03.Aug/4. 92.50 113.84 -19.7% 186.69 $1.825 102.3 0.898. 90.4%
30.Mar/5 125.10 151.30 -17.3% 199.15 $1.880 105.9 0.700 118.1%
30.Jun/5 117.90 ...... ...... 201.56 $1.787 112.8 ..... 104.5%
16.Sep/5 132.00 162.30 -18.7% 239.54 $1.805 132.9 0.819. 99.3%
13.Oct/5 132.10 156.49 -15.6% 230.59 $1.754 133.4 0.852. 99.0%
23.Nov/5 131.00 168.41 -22.2% 248.70 $1.721 144.5 0.858. 90.7%

Top 10 Holdings 30th June 2005
Resources Investment Trust PLC: top ten at the quarter ended 30th June 2005.

Symb. Company====================== Value Pds. Pct. PriceP No.shares

EEN.L Emerald Energy Plc........... #3,505,625 11.0% 178.5 2,000,000
CER.L Celtic Resources Holdings Plc #2,379,000 7.47% 390.0 0, 61,000
ACMBB Atlas Cons Mining & Devel'mt. #2,340,313 7.35% $1.12 3,700,000
TMC.L Toledo Mining Corporation Plc #1,790,250 5.62% 100.0 1,800,000
CBM.L Cambrian Mining Plc.......... #1,422,000 4.46% 118.7 1,200,000
SRCSF Summit Resources Limited..... #1,391,665 4.37% $0.50 0,500,000
ENM.t Energem Resources Inc........ #1,262,698 3.96%C$3.08 0,900,000
OYM.v Olympus Pacific Minerals Inc. #1,166,128 3.66% C$.32 0,800,000
MXP.L Max Petroleum Plc (pre-IPO).. #1,000,000 3.14% -N/A-
EEL.L Equator Exploration Limited.... #996,000 3.13% 161.5 0,600,000
===== Top 10 Investments.......... #17,258,678 54.2%
===== Total Valuation............. #31,860,214 100.% 117.9
(Note: FX rates at 6/30: $1.787, C$0.814, C$2.195/Pd.)

[energyi] 14/10/2005 11:47

RESOURCES INVESTMENT TRUST PLC

Net Asset Value per Ordinary Share

Resources Investment Trust PLC announces that the un-audited net asset value of
its Ordinary Shares as at the close of business on 13 October was 156.49p per
share.

[energyi] 19/9/2005 17:24

RESOURCES INVESTMENT TRUST PLC

Top 10 Holdings 30th June 2005

Resources Investment Trust PLC announces its top ten portfolio constituents as
at the quarter ended 30th June 2005.

Company Value # % of portfolio

Emerald Energy Plc #3,505,625.00 11.01%
Celtic Resources Holdings Plc #2,379,000.00 7.47%
Atlas Cons Mining & Development #2,340,313.04 7.35%
Toledo Copper Corporation Plc #1,790,250.00 5.62%
Cambrian Mining Plc #1,422,000.00 4.46%
Summit Resources Limited #1,391,664.89 4.37%
Energem Resources Inc #1,262,697.58 3.96%
Olympus Pacific Minerals Inc #1,166,127.64 3.66%
Max Petroleum Plc (pre-IPO placing) #1,000,000.00 3.14%
Equator Exploration Limited #996,000.00 3.13%

Total #17,258,678.15 54.17%

WORKING DRAFT:
REI PORTFOLIO ... at 30.Sept.2002 ... and Current NAV
...with valuation in 000's GBP Price £eqv. Shares Curr.
Cash Holdings............ xxxx
UK and Ireland: .......... --- GBP = 1.000. 000's
EEN.L Emerald energy...... 997 £0.01 0.005 200.mn £0.006
CER.L Celtic resources... 1482 £1.07 1.075. 1,380 £1.02
ACMBB Atlas Cons Mining.. 1103 $0.00 0.00? ------ $0.02
----- Toledo Copper co... xxxx
---.o Cambrian mining..... 441 £x.xx x.xxx ------ £x.xx
----- Summit Resources....
ENM.t Energem Resources...
OLY.? Olympic Pacific.... 1375 £x.xx x.xxx ------ £x.xx
----- Max Petroleum......
----- Equator Exploartion

[energyi] 19/9/2005 17:17

un-audited net asset value of
its Ordinary Shares as at the close of business on 16 September was 162.30p per
share.

OLD HOLDINGS - Two Years ago...

REI holdings at 30th sept (2003?)
(from annual report & my calculations, not necessarily reliable!!)

REI PORTFOLIO ... at 30.Sept.2002 ... and Current NAV
...with valuation in 000's GBP Price £eqv. Shares Curr.
Cash Holdings............ xxxx
UK and Ireland: .......... --- GBP = 1.000. 000's
---.o Agricola............. 33
BLO.L Bullion resources... 183 £0.23 0.230. 0,795 £0.23
---.o Cambrian mining..... 441 £x.xx x.xxx ------ £x.xx
CER.L Celtic resources... 1482 £1.07 1.075. 1,380 £1.02
EEN.L Emerald energy...... 997 £0.01 0.005 200.mn £0.006
GRE.L Greenchip inv....... 163 £0.01 0.005 32,600 £0.015
GTL.L GTL resources...... 3410 £0.17 0.175 20,060 £0.166
HIF.L Hidefield........... 100 £0.02 0.019. 5,263 £0.037
----- Ind Band,R&D 6.5%'03 151
JLP.L Jubilee Platinum.... 832 £0.16 0.160. 5,200 £0.16
LAT.o Latin Amer copper... 344 £x.xx x.xxx 12,500 £0.025
MANA- Mano River.......... 138 £0.02 0.024. 5,750 £0.03
----- Midas gold.......... 200
NML.L New Millenium Res... 100 £0.09 0.090. 1,111 £0.08
---.o Orevest.............. 52
---.o River Diamonds...... 435 £x.xx x.xxx ------ £x.xx
sub.T UK and ireland..... 9064
------------------------------
USA ...................... --- US$= £0.637
CTC.v Continental Res..... 777 $0.xx x.xxx ------ $0.25
USGL- US Gold............. 985 $0.49 x.xxx ------ $0.65
sub.T USA................ 1762
------------------------------
Canada ................... --- C$1= £0.402
----- Aguila American Res.. 12
----- Aquest explorations.. 18
BTP.v Beartooth platinum.. 588 $0.24 0.096. 6,125 $0.14
CAL.t Caledonia mining.... 937 $0.28 0.113. 8,292 $0.53
EXR.v Expatriate res...... 196 $0.06 0.024. 8,167 $0.11
GL.v- Golden peaks........ 338 $0.86 0.346. 0,977 $0.83
ITS.v International Taurus 440 $0.10 0.040 11,000 $0.15
IVW.t Invernia West....... 271 $0.03 0.121. 2,240 $0.05
----- Monroe minerals...... 54
OLY.? Olympic Pacific.... 1375 £x.xx x.xxx ------ £x.xx
YPG.v PGM Ventures........ 432 $0.54 0.217. 1,991 $0.42
TLG.v Tagish Lake Gold.... 523 $0.29 0.117. 4,470 $0.32
THT.t Thistle Mining..... 2961 $0.45 0.181 16,359 $0.80
sub.T canada............. 8148
------------------------------
Australia ................ --- A$1= £0.346
ALK.x Alkane Exploration.. 708 $0.20 x.xxx ------ $0.385
----- Aspermont............ 35
DGM.x Deepgreen Minerals.. 221 $0.00 0.00? ------ $0.002
----- Glengarry res........ 10
----- South boulder mines.. 34
----- weboz................. 1
sub.T australia.......... 1009
------------------------------

Philippines
ACMBB Atlas cons Mining.. 1103 $0.00 0.00? ------ $0.02
------------------------------
TOTAL Asset Value........ xxxx / xxxx shares= £1.xx /sh.

UPDATE- per Hypocrite (see below #129):

AGR.O...Agricola........... ..33........ ........... 2.5
CER.L...Celtic resources... 1482....... 107..........334
EEN.L...Emerald energy...... 997......... 1.......... 5
GRE.L...Greenchip inv....... 163......... 1.......... 1
GTL.L...GTL resources...... 3410........ 17.......... 13
HIF.L...Hidefield........... 100......... 2.......... 5
JLP.L...Jubilee Platinum.... 832........ 16.......... 17
LAT.O...Latin Amer copper... 344.......... .......... 2
MANA...Mano River........... 138
Midas Gold.................. 200
NML.L...New Millenium Res... 100......... 9.......... 4
ORE.O...Orevest.............. 52.......... .......... 2
RIV.O... River Diamonds..... 435......... .......... 1.2

------------------------------
CTC.v Continental Res....... 777
USGL- US Gold............... 985

------------------------------

----- Aguila American Res.... 12
----- Aquest explorations.... 18
BTP.v Beartooth platinum.... 588
CAL.t Caledonia mining...... 937
EXR.v Expatriate res........ 196
GL.v- Golden peaks.......... 338
ITS.v International Taurus.. 440
IVW.t Invernia West......... 271
----- Monroe minerals........ 54
OLY.? Olympic Pacific...... 1375
YPG.v PGM Ventures.......... 432
TLG.v Tagish Lake Gold...... 523
THT.t Thistle Mining....... 2961

------------------------------

[tonyfleming] 02/9/2005 17:14

NAV now 156.75p; price 127.5 = 18% discount to NAV. Sounds a good buy at these levels, but I am ignorant about some of these holdings. Any comments on Atlas, Summit, Energem, Olympus or Equator from this recent Top 10 Holdings list?


RNS Number:3916O
Resources Investment Trust PLC
04 July 2005

RESOURCES INVESTMENT TRUST PLC

Top 10 Holdings 30th June 2005

Resources Investment Trust PLC announces its top ten portfolio constituents as
at the quarter ended 30th June 2005.

Company Value # % of portfolio

Emerald Energy Plc #3,505,625.00 11.01%
Celtic Resources Holdings Plc #2,379,000.00 7.47%
Atlas Cons Mining & Development #2,340,313.04 7.35%
Toledo Copper Corporation Plc #1,790,250.00 5.62%
Cambrian Mining Plc #1,422,000.00 4.46%
Summit Resources Limited #1,391,664.89 4.37%
Energem Resources Inc #1,262,697.58 3.96%
Olympus Pacific Minerals Inc #1,166,127.64 3.66%
Max Petroleum Plc (pre-IPO placing) #1,000,000.00 3.14%
Equator Exploration Limited #996,000.00 3.13%

Total #17,258,678.15 54.17%

4th July 2005

[zapherz] 03/8/2005 13:19

Well there is life in this thread!

It would be nice to see the share price move on this after a very sluggish few months since March.

NOt sure what's holding it back at the moment. My MLW shares are going great and left REI behind. I read that alot of the small mining and resource companies spend the summer carrying out and interpreting new survey work and that come the autumn they announce new finds, update reserves etc, so maybe in Sept / Oct we'll see some big movement, as REI invest predominantly in these smaller operations.

Considering releasing some of my profits from MLW to increase my holdings in REI, as they've done well for me in the past.

Any views?

[energyi] 02/8/2005 08:18

the close of business on 29 July was 148.17p per share.

Holding no.10:
US Gold Corp #910,980.45 3.08%

Doubled yesterday