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Investment StrategyThe Company implements an actively managed investment strategy undertaking investments typically into one of two broad investment categories:
Strategic InvestmentsStrategic Investments are made in entities in which the Company can reasonably expect to exert a degree of influence, including board representation or through playing an active role alongside management in order to enhance or realise shareholder value.
Non-Strategic InvestmentsNon-strategic investments are made in entities where attractive investment opportunities develop due to market sentiment or mispricing or where the Company sees other potential for generating positive returns. In contrast to strategic investments, with non-strategic investments the Company does not envisage that it will take an active role in the management of the investment.
ASX Market Announcements13/08/2010 NTA Backing as at 31 July 2010 14/07/2010 NTA Backing as at 30 June 2010 15/06/2010 NTA Backing as at 31 May 2010 Financial Reports2009 December Half Year Report Media Releases28/12/2004 Title of Release In the News28/12/2004 Title of News Item Presentations28/12/2004 Title of Presentation Forms |
The Company was incorporated on 18 December 1969 in New South Wales. The Company (under the name of Archean Mining Investments Limited) was first listed on the ASX on 19 November 1970. Since then, it has experienced several changes in relation to its name, status, share capital and activities.
On 8 July 2004 (after the Company received $19,051,014 from Minara Resources Limited (formerly Anaconda Nickel Limited) on 12 January 2004 pursuant to the terms of payment under a settlement deed dated 17 September 1996, shareholder approvals at a General Meeting held on 4 June 2004 and the completion of a non-renounceable Prospectus offer to shareholders on 28 June 2004) the Company was re-admitted to ASX as an investment entity under the ASX Listing Rules.
The auditors of the Company since 30 November 1995 are BDO (WA) Pty Ltd in Subiaco, Western Australia.
The financial and taxation accounts for the Company are made up to 30 June annually. The Company is taxed as a public company.
The Company currently has 2 wholly owned subsidiaries:
- Dandaragan Estate Pty Ltd. ABN 96 120 616 891 - currently involved in olive oil production; and
- Silver Sands Developments Pty Ltd . ABN 16 094 097 122 – currently involved in property development.
