Baker Steel Resources Trust (BSRT) recently faced headwinds from weaker equity and industrial/precious metals markets and the impact of cost inflation on the budgets of junior mining projects. BSRT's NAV declined by c 18.5% ytd mostly due to a fall in the share price of recently floated holdings (Tungsten West, First Tin), lower share prices of listed peers (Cemos, Nussir), agreed sale price (Bilboes) and a 50% write-down of holdings with exposure to Russia (Polar Acquisition and Azarga Metals) in February 2022. BSRT's five-year NAV total return (TR) stands at 8.6% pa (versus the EMIX Global Mining Index's c 12.4% in sterling terms). Despite the tougher environment, BSRT was able to agree the sale of Bilboes Gold.Den vollständigen Artikel lesen ...
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