30th Jun 2016 11:46
LONDON (Alliance News) - Reabold Resources PLC on Thursday said it continues to seek further investments in the natural resources sector and reckons more deals will become available.
Reabold said it remains focused on identifying further investment opportunities in the resources sector and believes some cyclical opportunities will emerge following the difficult 2015 suffered by the industry.
At present, its only holding is a 4.2% stake in Mogul Ventures Corp, which invests in natural resources projects in Mongolia and owns the Oortsog Ovoo tin-polymetallic project in the country.
For the year to the end of December, Reabold made a pretax loss of GBP104,000, compared to GBP108,000 a year earlier. It did not make any revenue.
Reabold shares were untraded Thursday, having last traded at 0.70 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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