precious metals


With effect as from the 27th April 2015, the Board of Directors of THE TIMELESS PRECIOUS METAL FUND decided to temporarily suspend subscriptions and redemptions in order to safeguard investors' interest.

The Fund is currently in negotiation with potential Chinese investors who have expressed their interest in purchasing one of the Fund's major holdings. Negotiations are well advanced as the Chinese have sent various teams to the projects to commence their due diligence.

Although they have recently confirmed their intention to come to a conclusive agreement, it is uncertain as to the date that an agreement can be reached.