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https://blackboardtest.psv.aber.ac.uk 2
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Aber Aber Presentation Transcript

  • A Global Resource Investment Company and Merchant Bank
    TSX:AAB
    September 2, 2010
    A Forbes & Manhattan Group Company
  • Cautionary Statement
    This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of all necessary approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 
    This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
    2
  • At a Glance
    3
    Global resource investment company / merchant bank
    Focused on private, micro- and small-cap resource companies
    Unique, value-added approach to investing
    Actively builds companies to unlock value
    Targeting triple digit returns
    Benefits from Forbes & Manhattan’s infrastructure
    and deal flow
    Broad investment mandate in resource sector
    Significant exposure to gold in current portfolio
    Exciting investments in energy, metals, bulks,
    agriculture
  • Value Proposition
    4
    For $36 M
    Aberdeen’s Shareholders Own:
    ~$60M
    1.
    Investment Portfolio
    Market Value (July 31/10)
    ~C$0.69*/share
    *Excludes value of two gold royalties
  • Value Proposition
    5
    >$500K
    2.
    Gold Royalty paid quarterly
    Forbes Coal
    Brazil/Amazon Potash
    Temujin Mining
    Private investment upside
    Taking public to improve portfolio liquidity/value
    3.
    Supporting next generation of investments
    Ongoing high quality deal flow
    4.
  • Unlocking Value through F&M
    6
    Forbes & Manhattan expertise
    Technical Team
    Financial Team
    Legal Team
    Back Office
    Over 80 professionals in Toronto plus international operations teams
    Forbes & Manhattan benefits:
    Financing
    Marketing
    M&A
    World class team
    Proven track record
    Actively building companies and creating value
  • Our Business
    7
    Targets
    Active Investment
    +100%
    Seed financings
    Active role in management & BOD
    Support financially in early stages
    Private
    Micro-cap
    From initial investment
    Merchant Banking
    Short-term investments
    Bridge financing
    Fee income
    Shells
    +10% pa
    + Warrants
    $2.0M-
    Royalty Revenue
    Provides upside to higher gold prices
    Backed by 8 Mozreserves and
    25 Mozresources
    $2.5M
    pa
  • Investment Methodology
    8
    • Develop business plan
    • Build management team/BOD
    • AAB acts as care taker management
    • Identify capital requirements
    • Early-stage (pre-IPO) financing
    • AAB participates
    • Execute business plan
    • GO PUBLIC
    • Source high potential resource deal
    • “Seed financing”
    • AAB provides managed risk capital
    Actively creating value for shareholders
  • Proven Track Record
    9
    Aberdeen’s recent success:
    $0.48
    Avg Cost
    Entry
    Price
    $0.34
    Avg Cost
    $0.52
    Avg Cost
    Desert Sun Mining (Gold)
    Forbes & Manhattan success:
    Consolidated Thompson (Iron Ore)
    3,750% return in 4 years
    4,500% return in 3 years
    $735Msale price to Yamana Gold
    $735Msale price to Yamana Gold
    Production commenced Q1 2010
    Production commenced Q1 2010
  • Key Assets
    10
    Equity Portfolio
    Value of top 5 holdings
    (July 31, 2010):
    20other investments
    Crocodile Gold
    Forbes Coal (PVT)
    Temujin Mining (PVT)
    4. SullidenGold
    5. AvionGold
    Agriculture
    Oil & Gas
    Mining
    C$28.4M
    C$0.32/share
    Gold Royalties
    Cash
    8 Mozreserves
    1% gold NSR
    25 Mozresources
    Always evaluating new investments. Typical entry point:
    Buffelsfontein Mine
    (Simmers & Jack)
    Mine Waste Solutions(First Uranium)
    US$2.2M
    C$1-5M
    Current net over next 12 months
  • Our Investment Portfolio
    11
    Asset Class
    Public Equities & Warrants By Commodity
    Cash
    Warrants
    Debt
    Industrial/Strategic
    Bulks
    Agricultural
    Private
    Public Equities
    Gold & Precious Metals
    Energy
    Base Metals
  • Core Private Holdings
    12
    F&M “Forbes” Coal
    • Export grade coal from two mines, producing 0.5 million tonnes per year saleable
    • Excellent infrastructure  close to ports
    • Can TRIPLE production in 2-3 years, strong financial position
    • Diverse product lines – both thermal and metallurgical markets
    • Future growth projects in Southern Africa
    • Public listing end of September 2010 (merge with Nyah Resources)
  • Core Private Holdings
    13
    Temujin Mining
    • World class licenses covering 3 of the most exciting advanced projects on OyuTolgoi copper-gold belt in Mongolia
    • 80 km strike length of strong copper and gold anomalies on 6 licenses
    • Limited drilling, no work done since 2005, vastly improved geopolitical climate
    • Drilling started August 2010 - $1.5 MM program underway
  • Short-Term Outlook
    14
    Positive Catalysts Expected Over Next 2 Quarters
    • Received 1.5 MM shares plus 7.5 MM Performance (Class A/B) Shares of Newport Mining (NMN-ASX) – Phosphate project in Brazil
    • Potentially worth $4.5 MM++ when Performance Shares vest
    • Drilling just underway to prove JORC resource
    • Forbes Coal completed equity financing at $2.80 per share
    • 180% unrealized return on initial investment, 460% unrealized return when Performance Shares vest (mid-2011)
    • RTO into public company (Nyah Resources) late September
    • Private Oil & Gas merging with Sagres Energy (SGI-V)
    • +800% potential unrealized return on initial $250,000 investment
  • Longer-Term Outlook
    15
    Portfolio Leveraged To Gold And Junior Market
    • Market set-back in May-June, but most holdings have performed well and recovered strongly.
    • Large warrant positions provide additional leverage
    • We do not manage the portfolio for the short-term!
    • Exceptional upside as markets improve and companies execute
    Private Holdings To Deliver And Unlock Value
    • Forbes Coal expected to list by Fall 2010
    • Amazon/Brazil Potash to spin off three companies
    • Two expected to be public by year-end
    • Additional pleasant surprises coming from other holdings
    • Temujin now drilling, will continue to incubate for huge potential
  • Addressing The Valuation Discount
    16
    Investor Relations
    • Hired Mike McAllister as Manager, IR
    • World-class website
    • New focus by management to market our great story and our successes/resource investment outsourcing
    • Focus on retail and small/generalist institutions
    Business Growth
    • More success expected from pre-IPO investments
    • JV funds to accretively accumulate assets – ‘early days’
    Corporate Activity
    • Complete share buy-back
    • Result from Simmer & Jack litigation
  • Capital Structure
    17
    Share Structure
    Major Shareholders
    Management & Directors
    RAB Capital
    Top Gold
    US Global
    TD
    14%
    Shareholders’ Equity (Q1) = $1.19/share
  • Management & Board of Directors
    18
    Strong management with a DEPTH of experience in the resource sector and a PROVEN track record at building companies from the seed level through to highly successful exits
    Board of Directors
    Management Team
    George Faught, C.A.
    Chief Executive Officer
    David Stein, CFA, MSc.
    President & Chief Operating Officer
    Stephan Theron
    Chief Financial Officer
    Stan Bharti, P.Eng.
    Executive Chairman
    George Faught, C.A.
    Director
    David Stein, CFA, MSc.
    Director
    Hon. Pierre S. Pettigrew
    Director
    Bernard Wilson, C.A.
    Director
    Mike Hoffman, P.Eng.
    Director
    Jean-Guy Lambert, MBA
    Director
    Advisory Board
    Bruce Humphrey
    Chairman of Investment Committee
  • Contact Details
    David Stein
    President & COO
    416-861-5812
    dstein@aberdeeninternational.ca
    Mike McAllister
    Investor Relations
    416-309-2134
    mmcallister@aberdeeninternational.ca
    A Forbes & Manhattan Group Company
    Follow us on Twitter: AberdeenAAB