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  -

JAN 23 - KING SOLOMON MINES ANNOUNCES POSITIVE RESULTS AT BU DUN HUA PORPHYRY COPPER PROJECT IN CHINA - see NZX ANNOUNCEMENTS and www.kingsolomonmines.com

JAN 23 - CHATHAM ROCK PHOSPHATE GOES FOR SECOND TERM OF PROSPECTING LICENCE - see www.rockphosphate.co.nz

JAN 17 - CHATHAM ROCK PHOSPHATE ANNOUNCES RESEARCH CRUISE RESULTS - 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

Read More »

 

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

Read More »

 

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 56¢

Key stats as at 24 January

Security

Number on issue

Market price (cents)

Market Value ($M)

Net assets ($M)

Ordinary shares

23,490,449

16

3.758

13.1*
Market value discount    (ords only)  

 71.4%

  

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 48.5 cents.

 

link to Chatham Rock Phosphate website

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NZX Announcements

Jan 23, '12 - Widespread's King Solomon Mines announces good results

Dec 30, '11 - Net Asset Backing Update

Nov 29, '11 - Interim report for the six months to 30 September 2011

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Latest News

Jan 24, '12 - Key stats as at 24 January

Aug 08, '11 - WID 2011 AGM Presentation

Jun 30, '11 - Annual Report - Directors Review

 

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