Market Discussions

M-Spec Industrial Resources Ltd (MTLS) is pleased to announce a 1st quarter dividend of 10,000 ISK per share, payable on Tuesday, April 7 to shareholders of record as of Sunday, April 5.

During the quarter, share net asset value rose from 442,100 ISK to 470,000 ISK. Shareholder return, including dividends, amounted to 8.6%. A late-quarter surge in the price of Megacyte and Zydrine, both of which are substantial portfolio holdings, added to gains in Planetary Materials and overcame modest losses in Advanced Materials and Ice Products to deliver the quarterly gain.

Year over year, share net asset value rose from 391,900 ISK to 470,000 ISK. Total return for the 12 month period, including dividends of 40,000 ISK, amounted to 30.1%.

For comparison, weighted average composite indices for select industrial material groups performed as follows during the 3- and 12 month periods reported:

Minerals …………….…….. 3 mo, +2.1%; 12 mo, -4.2%
Advanced Materials ……… 3 mo, -7.8%; 12 mo, -2.7%
Ice Products ………………. 3 mo, -5.3%; 12 mo, -18.6%
Planetary P1 ……...………. 3 mo, +9.1%; 12 mo, +21.6%

As of March 31, M-Spec's assets totaled 618 billion ISK, of which 27 billion was in cash.

For more information, see the bio of and/or contact Jay Aaron in-game.

Op's post sounded like weather forecast, except it was money forecast. Looks like it will rain....ISK!