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Baillie Gifford US Growth Trust plc BLGFF

Baillie Gifford US Growth Trust plc is a United Kingdom-based investment company. The Company’s investment objective is to produce long-term capital growth. The Company seeks to invest predominantly in listed and unlisted United States companies. The Company invests in holdings in listed securities and private companies up to a combined maximum of about 90 companies or funds, typically with 30 or more listed security holdings. The maximum amount which may be invested in companies not listed on a public market shall not exceed 50% of total assets (measured at the time of purchase). The maximum direct investment in any one company or fund is limited to 10%. The Company invests in various sectors, including information technology, consumer discretionary, communication services, industrials, healthcare, financials, real estate, materials, consumer staples, and net liquid assets. The Company’s alternative investment fund manager is Baillie Gifford & Co Limited.


OTCPK:BLGFF - Post by User

Post by Camelionon Aug 19, 2010 4:30pm
701 Views
Post# 17366828

MD&A Aug. 18, 2010

MD&A Aug. 18, 2010This is from the MD&A released on sedar.com on august 18, 2010.

"Exploration activities at the Larder Lake Property resumed in July 2010 after having been suspended in July 2009 following the discovery of data inconsistencies. The results from the technical investigation completed by Scott Wilson Roscoe Postle Associates in November 2009 were made public in a press release dated November 3, 2009. Since that time, the Company has completed a geologic re-interpretation of the Bear Lake zone based on the restated exploration results and the Company continues to believe that the Bear Lake area represents a significant gold discovery. The drilling campaign of approximately 15,000 meters, which started on July 5, 2010, aims to test the validity of the revised geologic model and fully investigate the potential extent and grade of mineralization of this discovery with the objective of completing a National Instrument 43-101 compliant resource estimation as soon as sufficient data is available."

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00004359

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