Market Discussions

M-Spec Industrial Resources Ltd (MTLS) is pleased to announce a 1st quarter dividend of 10,000 ISK per share, representing a partial distribution of capital gains from investment activities during the quarter. The dividend will be payable on Wednesday, April 10 to shareholders of record as of Sunday, April 7.

During the quarter, share net asset value rose from 322,900 to 344,500, an increase of 6.7%. Strong gains and profit-taking in key intermediate Planetary Material product holdings more than offset generally lackluster performance in Minerals, Advanced Materials and Ice Products to deliver quarterly gains.

As compared to the prior year's 1st quarter, share net asset value (adjusted for dividends) rose from 262,300 to 344,500, an increase of 31.3%.

As of March 31, M-Spec's assets totaled 376.5 billion ISK, of which 24.2 billion was in cash.

Net new investments for the quarter totaled 61,000 shares representing a total capital inflow of 20.8 billion ISK.

For current price and summarized balance sheet information, please see the Jay Aaron bio. Contact Jay Aaron for more information.

Varius, we appreciate your concern; it is a natural reaction given the proliferation of plots, schemes and scams that tend to run rampant within the community. We've been around for awhile, but we tend to keep a low profile for reasons that include exposure to unfounded allegations such as yours.

Should you care to get to know us, you will find that we do not need your millions or billions. Our founders and largest shareholders have a lengthy and highly accomplished track record that dates back well over a decade to pre-launch development of EVE. This investment vehicle was born out of an interest in preserving and growing excess cash resources gained over years of gameplay, and offered to outside investors out of an interest in promoting and furthering the corporate, business, financial and investment aspects of the game.

While we recognize the marketing value of periodic public reporting, the main intent of this piece is to communicate our progress to shareholders. Our typical new investor seeks us out, gets to know us, and invests only after gaining a level of comfort that is consistent with their investment objectives.

Thanks again for your consideration.

If this isn't a scam in the making, then it has to be said you've worked very hard to make it look like a scam and have followed the established formula very closely.


The we've been around for ages and we've just kept it quiet line.


The we don't need your money line.


The come and talk to us and we might consider accepting your money line.

If you are interested in marketing your "we don't need your money but might accept it anyway" scheme as anything other than a scam, then you might want to change your approach to it.


I assume these numbers are in millions, in which case I'd have to question why your venture is going so badly in the current market climate? Have you made changes or do you plan to make changes to bring the growth level up to something respectable?

As I read it these are your first quarter results for this year, how long have you been running this operation?


If your people are as veteran and experienced as you state here, I find it even more difficult to understand the poor performance of your venture. Am I reading the numbers wrong, or is there something else that explains this?

OP's portrait/head/face is easily able to be photoshopped onto an all american GI-joe type dude, with one of those army hats. just saying. the issue is the caption you see;

I recognize the alliance tag. The guy that links his skillsheet, to show his skillpoints in every thread is in the same allaince. He has alot of skillpoints. 200m+ Dr Caymus is his name. when u buy and sell characters as i have, you get sidetracked on the hall of fame for skills on that eveboard site :p

not everyone follows a formula, in a sandbox MMO, with spaceships.

Check my char out on you'd have the same idea

Confirming that I train by unconventional means...

Also confirming that I am one of the founders, a board member and one of the largest shareholders of M-Spec Industrial Resources Ltd. It is quite legitimate.


Edit:

Oops, almost forgot, Candy...

Dr Caymus
-=ATI=-

... done in pursuit of another novel milestone soon to arrive...

Good questions, Bobby. Allow me to expand on what we’re doing with M-Spec.

M-Spec Industrial Resources (“M-Spec”) was formed by Dr Caymus and I (my main character, Towaoc, for any that might not know this) in October of 2009 as an investment subsidiary of our manufacturing firm, Applied Technologies Inc (“ATI”). Manufacturing operations had matured nicely and were producing substantially more cash flow than was needed to fuel continued growth. We created M-Spec as an entity through which to invest these excess cash resources. The initial offering price was 100,000 ISK per share.

M-Spec’s objective is to invest in industrial materials that we believe are undervalued, or have a relatively high potential to appreciate in value over the long term. Portfolio holdings include minerals, advanced materials, ice products, planetary materials and manufacturing components. High volume materials, typically the tier in each asset category in which the hand-off occurs between the miner or intermediate supplier and the manufacturer, make up the bulk of holdings in the portfolio in order to provide the liquidity needed for high volume investments. The portfolio also has the flexibility to invest a small portion of its assets in industry related materials such as items used in invention and research.

Balance and diversification within the industrial materials space are key objectives of the investment portfolio. Assets are allocated to specific investments on the basis of total market sales volume of each asset class and each item within the class, adjusted for an over- or under-weight factor. A minimum position is always maintained for each item in each major asset class. Our asset allocation model provides a great deal of flexibility in over- or under-weighting asset classes and components within each class in order to take advantage of market trends in both directions.

M-Spec is not a day-trading entity seeking to churn short-term profits by working the spread on a set of items. We’re more focused on longer-term capital appreciation, with investment time horizons of 3 to 12 months or longer. Our asset turnover is typically less than 20% in any given quarter.

M-Spec’s largest shareholders are:

Dr Caymus ... 280,000 (direct and through ATI)
Towaoc ........ 280,000 (direct and through ATI)
Thirdstorm ... 180,000
All others ...... 352,825 (no other shareholder holds more than 5% of M-Spec)

As to current quarter performance, while somewhat below our historic rate of return, we’re pleased with M-Spec’s performance. Our 6.7% increase in net asset value per share compares favorably to composite indices of Minerals, Advanced Materials and Ice Products, which were down approximately 6%, 7% and 10%, respectively during the quarter, and in line with Planetary P1 which increased 6% in the quarter.

Looking forward, our investment strategies are under ongoing evaluation for ways to maximize profitability while working within the parameters established by our charter. A key challenge is how to produce consistent, meaningful profits when working with a relatively large portfolio. With an asset base of 376 billion ISK and growing, a degree of agility is lost in entering and exiting various positions. We’re exploring ways to build upon our successes in minimizing the impact of this, and ways to continue to make the size of our portfolio work to our advantage.