Investor Information
Proto Resources is committed to maintaining this page and answering investor enquiries about the company & its exploration projects as quickly as practicable. To submit your query click here. A selection of questions and answers will be displayed.
Q. What sort of company is Proto Resources?
A. Proto Resources is a mining exploration and development company focussed on nickel and iron ore, with its most advanced project being the Barnes Hill project in northern Tasmania.
Q. What does it mean that Proto Resources is on the Australian Stock Exchange?
A. Proto Resources had its Initial Public Offering (“IPO”) in November 2006, when members of the public were offered the opportunity to buy shares under a prospectus. Now the shares trade on the ASX and there are buyers and sellers for the shares; the price fluctuates depending on the demand.
Q. What sort of projects does Proto Resources have?
A. As above, Proto Resources' most advanced project is its development project in Tasmania, Barnes Hill. As well as this, Proto Resources has several exciting exploration targets in WA and the NT. Proto Resources’ strategy is to create value for shareholders by advancing development work at Barnes Hill in conjunction with moving this exploration work forward, thus always ensuring strong market interest.
Q. Who runs Proto Resources?
A. Proto Resources has an experienced and committed management team including Chairman and Managing Director Andrew Mortimer, Executive Director Lia Darby, Chief of Operations Ashley Hood, and Chief Development Officer Pierre Richard. Proto Resources also has an impressive board of independent directors including Ian Campbell, ex Federal Environment Minister, and Greg Melick QC.
Q. Why should I buy shares in Proto Resources?
A. You would have to receive advice from your financial advisor however we would say that Proto Resources compares very well to other companies in its bracket; to inform your decision consider the strong cash flows Barnes Hill is expected to generate, the geological merit of its exploration activities, the exposure it provides to nickel laterite processing technology with the potential to revolutionize the industry and the quality of its board and management team.
Q. Does Proto Resources pay a dividend
A. Not currently, we hope to in the future but would need revenue from Barnes Hill or another project; Barnes Hill is looking like being in production by early 2013.
Q. How do I buy shares in Proto Resources?
A. You would need to open a broking account in your name; there are online facilities such as Comsec and there are also many full service broking firms that you could contact to open an account.