Rare Earth Minerals posts a pre-tax loss of £1.1m for the six months to the end of June - down from £1.2m a year ago.
There was a weighted basic loss per share of 0.01p (30 June 2015: loss per share 0.02p, 31 December 2015: loss per share 0.05p). As a result of increases in the value of available for sale assets comprehensive income for the period was £6.14 million (30 June 2015: total comprehensive income of £2.65 million, 31 December 2015: total comprehensive expenditure of £0.56 million).
The total assets of the group increased from £19.58 million at 31 December 2015 to £28.66 million. Of this amount £21.48 million represent the market value of our investments at the period end.
At 2:25pm: (LON:REM) Rare Earth Minerals PLC share price was +0.01p at 0.74p