NAV Update

RNS Number : 8250X

Tiger Resource Finance PLC

16 January 2014

 



Tiger Resource Finance PLC. ('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2013 was 2.43 pence per ordinary share. 

Investments held by the Company as at 31/12/13

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources PLC	1,241,174	0.00275	3,413
African Pioneer PLC	57,000,002	(see note 2)	210,000
Anglo American PLC	11,500	13.20000	151,800
Ascent Resources PLC	9,642,857	0.00900	86,786
Astar Minerals PLC	4,000,000	0.00115	4,600
Aurum Mining PLC	8,333,333	0.02250	187,500
ETFS Physical Platinum	2,250	79.78227	179,510
Jubilee Platinum PLC	1,169,600	0.03075	35,965
New World Oil and Gas PLC	5,000,000	0.00625	31,250
Northern Petroleum PLC	294,118	0.33500	98,530
PanContinental Oil and Gas NL	885,714	0.03283	29,080
Papua Mining PLC	230,000	0.28250	64,975
Petroceltic International PLC	66,640	1.75000	116,620
Polar Star Mining Corp	833,333	0.08507	70,891
Praetorian Resources PLC	400,000	0.09000	36,000
Sovereign Energy PLC	40,000,000	(see note 2)	40,000
Sovereign Mines of Africa PLC	2,000,000	0.02625	52,500
Sunrise Resources PLC	665,000	0.00450	2,993
Taipan Resources Inc	310,000	0.15879	49,225
Trap Oil PLC	330,000	0.09125	30,113
Tertiary Minerals PLC	1,330,000	0.10500	139,650
U3O8 Holdings PLC	4,166,666	0.00200	8,333
Union Med Tech PLC	625,000	(see note 4)	-
Vatukoula Gold Mines PLC	150,000	0.06000	9,000
Wentworth Resources Ltd	220,000	0.49068	107,950
Xtract Resources PLC	344,827,584	0.00310	1,068,966
Total Investments			2,815,650

Notes:

1)   The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.

2)   The investments of £210,000 and £40,000 respectively in African Pioneer PLC (quoted on ISDX) and Sovereign Energy PLC relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 31 December 2013 quarterly PV.

3)   Cash funds held by the Company at 31 December 2013 amounted to £540,608.45

4)   The investment in Union Med Tech PLC has been marked down to nil whilst the company is suspended from trading on ISDX.

5)   All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2014. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman	Tel: [phone]
Raju Samtani, Director	Tel: [phone]

 

END

 

 

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