RE: RE: RE: i predict NAV of $.94Net Assets $94,396,636 at 10/31, or $1.08 per basic share.
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During the three months ended October 31, 2009, the Company invested $2,574,987 on portfolio acquisitions. Investments included: an additional investment in Sulliden Gold Corporation, a publicly traded exploration company with a silver-gold project in Peru, and an additional investment, through the exercise of warrants, in Avion Gold Corporation, a publicly traded gold company with operations in Mali.
During the three months ended October 31, 2009, the Company also disposed of investments with a cost base of $11,679,653 receiving proceeds of $8,189,189 for a realized loss of $3,490,464. During the quarter the Company sold its remaining common shares of Consolidated Thompson Iron Mines Limited and U308 Corp., and reduced its holdings in companies such as Longford Energy Inc., Magma Metals Limited and Vast Exploration Inc.