REI Resources It

RNS Number:6134N
Resources Investment Trust PLC
08 February 2008


                         RESOURCES INVESTMENT TRUST PLC

     Interim Management Statement for the three months to 31 December 2007

Resources Investment Trust PLC was launched in early 2002 as a self-managed
investment trust with the objective of generating capital appreciation in the
medium to long term through investing in undervalued companies in the natural
resources sector.

At an extraordinary general meeting of the Company held on 3 October 2006 a
special resolution was passed by shareholders which instructed the Directors to
take action to realise the Company's investments as soon as reasonably
practicable so as to put the Company in a position to return cash to
shareholders by way of share buy-backs and/or the liquidation of the Company as
soon as reasonably practicable and modified the investment policies of the
Company accordingly. The Company's Articles were subsequently amended to require
that a general meeting of the Company be convened for a date not later than 31
March 2008 at which a special resolution should be proposed that the Company be
wound up voluntarily.

In accordance with the direction from shareholders the Company has undertaken
three tender offers since January 2007, the most recent of which (for up to 90%
of the then remaining issued share capital) closed on 29 November 2007. The
tender offers have resulted in the repurchase and cancellation of an aggregate
of 20,033,889 of the Company's Ordinary 5p Shares ("Shares") and the return of
more than �49 million to shareholders. The Company currently has 1,266,871
Shares in issue.

A circular containing details of the proposed voluntary winding up and a notice
convening a general meeting of the Company to approve that proposal will be
posted to shareholders shortly.

Performance
                                        31 December    30 September          % 
                                               2007            2007     change

Resources Investment Trust plc ('NAV')       356.01p         256.55p     38.77
FTSE All-Share Index                       3,286.67        3,316.89      (0.91)
HSBC Global Mining Index (benchmark)         714.90          719.52      (0.64)

Net Asset Value

The net asset value attributable to the Shares on 31 December 2007 was 356.01p
(30 September 2007: 256.55p).

The share price on 31 December 2007 was 311.5p (30 September 2007: 233.0p)
representing a discount to net asset value of 12.5% (30 September 2007: 9.2%).

Ten Largest Investments at 31 December 2007

                                                     Valuation           % of
                                                             �      portfolio

Treasury 8.75% 25.08.2017                              992,700          24.73
Treasury 8% 07.06.2021                                 671,000          16.72
Treasury 8% 7.12.2015                                  612,900          15.27
BDI Mining Corp 8% Convertible Loan Notes              500,000          12.46
Treasury 4.75% 07.03.2020                              408,880          10.19
Treasury 4.75% 07.09.2015                              406,320          10.12
Goldquest Mining                                       267,115           6.66
Endeavour International Corporation                    141,465           3.52
Luzon Minerals Ltd                                      13,240           0.33
Matra Petroleum                                              0              0

Net Asset Value and Share price information

The Company's net asset value is calculated daily and is published via a
Regulatory News Service. It can be viewed on the London Stock Exchange website
at www.londonstockexchange.com.

The mid-market price of the Company's Shares is published daily in the Financial
Times in the Companies & Markets section under the heading "Investment
Companies". The Financial Times also provides on a daily basis an estimate of
the net asset value and of the discount/premium.

Further information

Copies of the Company's annual /half-yearly reports and circulars which have
been issued can be obtained from its registered office:

The Registry
34 Beckenham Road
Beckenham
Kent
BR 3 4TU

8 February 2008




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IMSUUUWPPUPRGGR

Resources Investment Trust (LSE:REI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Resources Investment Trust (LSE:REI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024