Indago Resources Limited (“Indago”) is an Australian-registered company listed on the Australian Securities Exchange (“ASX”).
Strategic Objectives
Indago’s board is implementing a new business plan for the Company as an ASX listed alternative investment company with a view to recreating and growing Shareholder wealth. The investment mandate is intended to be broad and the new Board has a wide discretion to determine what, how and when to invest (subject to the criteria outlined below).
The Board’s strategy is to provide Indago Shareholders with exposure to investments with the objective of delivering regular income and capital growth. Indago has a mandate to be an active investor in assets with the flexibility to allocate capital to the most attractive asset class in a given economic cycle and permitted investments include:
listed and unlisted securities;- convertible securities (including options);
- bank deposits;
- bills of exchange, promissory notes and other negotiable instruments;
- debentures, unsecured notes, bonds and mortgages; and
- units in cash and investment trusts.
Indago will focus on Return on Equity (ROE) with potential revenues from interest, dividends, fees and profit from realisation on asset sales.
