Chris Castle, Managing Director

Widespread Portfolios Limited (stockmarket code WID) invests primarily in overseas-based 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  -

28 January - WIDESPREAD ENERGY RAISES $198,200 IN PRIVATE PLACEMENT - SEE WIDESPREAD ENERGY NEWS

15 January - WIDESPREAD ENERGY ADVISES STRATIGRAPHIC EXPLORATION BORE - SEE WIDESPREAD ENERGY NEWS

8 January - WIDESPREAD'S ASIAN MINERALS CLOSES $5.9M PRIVATE PLACEMENT - SEE NZX ANNOUNCEMENTS

22 December - WIDESPREAD PORTFOLIOS AND WIDESPREAD ENERGY REPORT PROGRESS ON CHATHAM RISE PHOSPHORITE PROJECT - SEE NZX ANNOUNCEMENTS AND WIDESPREAD ENERGY NEWS 

Key Investments

 

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 53.3% 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 8.9% of Widespread’s portfolio
  • Widespread is the largest shareholder (11%) and is represented on the board

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Widespread Energy

  • NZAX – NZ
  • Holds direct and indirect interests in 6 NZ based oil and gas prospecting permits
  • Represents 3.1 percent of Widespread’s portfolio
  • Is managed by Widespread Portfolios and consultant Geosphere Ltd

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Other Strategic Investments

  • Represent 9.5% of Widespread’s portfolio
  • Glass Earth Gold (NZ based gold explorer)
  • Fischer- Watt Gold (US based uranium explorer)
  • Golden Phoenix (China gold and base metal explorer)

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NTA 28¢

Key stats as at 9 February

Security

Number on issue

Market price (cents)

Market Value ($M)

Net assets ($M)

Ordinary shares

21,435,782

16

3.43

5.9*
Market value discount    (ords only)    42.1%  

Listed warrants

8,505,123

1.2

0.102

 

* Our ASN shareholding is now held for NTA disclosure purposes at a valuation of CAD 2.323 million based on our share of net assets. NTA per WID share valuing ASN at the current spot market price is 21.5 cents and 54.9 cents if based on the approach adopted by 29.6% shareholder Malaysian Smelting Corpoation.

 

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NZX Announcements

Feb 05, '10 - Net Asset Backing 21.5 cents to 54.9 cents

Jan 29, '10 - Net Asset Backing 18.6 cents to 54.7 cents

Jan 22, '10 - Net Asset Backing 18.4 cents to 54.5 cents

Jan 08, '10 - Widespread's Asian Minerals closes $5.9m private placement

Jan 08, '10 - Widespread's Asian Minerals closes $5.9m private placement

Dec 31, '09 - Net Asset Backing 19.4 cents to 77.4 cents

Dec 22, '09 - Chatham Rise Phosphorites Progress Report

Dec 18, '09 - Net Asset Backing 19.5 cents to 77.4 cents

Dec 11, '09 - Net Asset Backing 18.9 cents to 77.4 cents

Dec 04, '09 - Net Asset Backing 20.3 cents to 78.8 cents

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Latest News

Nov 30, '09 - Widespread Portfolios 2009 Interim Report

Jul 27, '09 - 2009 AGM Presentation

Jun 24, '09 - 2009 Annual Report

May 27, '09 - Final Announcement for the year to 31 March 2009

Dec 20, '08 - Interim Report Directors' Report

Dec 20, '08 - Interim Report Financial Statements

Jul 28, '08 - Widespread Portfolios 2008 AGM Presentation

Jun 25, '08 - 2008 Annual Report

May 17, '08 - Capital Economics Rights Issue Assessment

May 05, '08 - 2008 Autumn Update

 

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