Chris Castle, Managing Director

Widespread Portfolios Limited (stockmarket code WID) invests primarily in mining and mineral exploration companies. Most investments are held for the longer term although part of the portfolio (usually about 5%) is committed to shorter term share-trading activity.

Our investment strategy is aggressive and inherently risky - a large proportion of the portfolio is invested in high-growth-potential, second line stocks and a narrow range of stocks is held at any one time. Being a long term Widespread shareholder periodically requires intestinal fortitude...... 

STOP PRESS  -

MAY 18 - WIDESPREAD ANNOUNCES OIL EXPLORATION  INITIATIVE - see NZX Announcements page

MAY 11 - CHATHAM ROCK PHOSPHATE RAISES A FURTHER $1.7 MILLION - see www.rockphosphate.co.nz

MAY 3 - WIDESPREAD'S ASIAN MINERALS ANNOUNCES BOARD CHANGES - see NZX Announcements page

MAY 3 - CHATHAM ROCK PHOSPHATE SIGNS EDISON RESEARCH - see www.rockphosphate.co.nz

MAY 2 - CHATHAM ROCK PHOSPHATE TACKLES ANALYSIS OF WEALTH OF DATA - see www.rockphosphate.co.nz

Key Investments

 

Chatham Rock Phosphate Ltd

  • WID holds 26.6% of Chatham Rock Phosphate Limted (CRP)  
  • CRP holds 4,726 square kilometre permit area over central Chatham Rise containing up to 100 million tonnes of rock phosphate
  • A key constituent of most NZ fertiliser
  • Studies indicate the rock phosphate can be extracted for less than import costs from Morocco. 
  • see www.rockphosphate.co.nz for more detail  

Read More »

 

Asian Mineral Resources

  • Listed on Toronto Stock Exchange (TSX.V)
  • Developing a nickel mine in Vietnam, previously expected to be in production Q2 2009, now suspended until finance and/or tariff issues are resolved
  • Represents 25.8% of Widespread’s portfolio
  • Widespread holds 4.3% and is represented on the board

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King Solomon Mines Limited

  • Listed on ASX (Australia)
  • Exploring for major base meal and gold deposits in inner Mongolia (China)
  • Represents 5.2% of Widespread’s portfolio
  • Widespread is the largest shareholder (11%) and is represented on the board

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Oil and Gas

  • NZAX – NZ listed
  • Holds direct and indirect interests in 3 NZ and 3 Fiji based oil and gas prospecting permits
  • Represents 8 percent of Widespread’s portfolio
  • Is managed by Widespread Portfolios

Read More »

NTA 55¢

Key stats as at 18 May

Security

Number on issue

Market price (cents)

Market Value ($M)

Net assets ($M)

Ordinary shares

23,490,449

16.0

3.758

12.8*
Market value discount    (ords only)  

 70.7%

  

Listed warrants

8,505,123

0.8

.068

 

* Our ASN shareholding is now held for NTA disclosure purposes at a valuation of CAD 1.914 million based on our share of net assets. NTA per WID share valuing ASN at the current spot market price is 46.8 cents. NTA per share valuing all listed assets at spot market prices is 22.7 cents.

 

link to Chatham Rock Phosphate website

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NZX Announcements

May 18, '12 - Widespread Portfolios advises Kotuku oil exploration initiative

May 03, '12 - Widespread's Asian Minerals advises board changes

Apr 20, '12 - Widespread’s Asian Minerals advises successful Pala agreement

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Latest News

May 18, '12 - Key stats as at 18 May

Aug 08, '11 - WID 2011 AGM Presentation

Jun 30, '11 - Annual Report - Directors Review

 

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