NAV Update

RNS Number : 3288C

Tiger Resource Finance PLC

15 April 2013

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2013 was 2.66 pence per ordinary share. 

Investments held by the Company as at 31/03/13

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources Plc	1,241,174	0.01275	15,825
African Pioneer Plc	57,000,002	(see note 2)	210,000
Anglo American Plc	11,500	16.92000	194,580
Ascent Resources Plc	9,642,857	0.01100	106,071
Astar Minerals Plc	4,000,000	(see note 3)	-
Aurum Mining Plc	8,333,333	0.02625	218,750
BP Plc	58,000	4.59900	266,742
ETFS Physical Platinum	2,250	100.44884	226,010
Jubilee Platinum Plc	1,169,600	0.07875	92,106
New World Oil and Gas Plc	5,000,000	0.02125	106,250
Northern Petroleum Plc	294,118	0.46000	135,294
PanContinental Oil and Gas NL	885,714	0.05870	51,992
Papua Mining Plc	230,000	0.77500	178,250
Petroceltic International Plc	1,666,000	0.06590	109,789
Praetorian Resources plc	400,000	0.30000	120,000
Sovereign Energy Plc	40,000,000	(see note 2)	40,000
Sovereign Mines of Africa Plc	2,000,000	0.03000	60,000
Sunrise Resources Plc	665,000	0.00650	4,323
Taipan Resources Inc	310,000	0.16887	52,350
Trap Oil Plc	330,000	0.13500	44,550
Tertiary Minerals Plc	1,330,000	0.07000	93,100
U3O8 Holdings Plc	4,166,666	0.00330	13,750
Union MedTech Plc	625,000	0.01000	6,250
Vatukoula Gold Mines Plc	150,000	0.13750	20,625
Wentworth Resources Ltd	220,000	0.53063	116,739
Xtract Energy plc	344,827,584	0.00170	586,207
Total Investments			3,069,553

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 million 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 March 2013 quarterly PV.

3)   The investment in Astar Minerals Plc has been marked down to nil whilst the company is suspended from trading on AIM.

4)   Cash funds held by the Company at 3 March 2013 amounted to £606,732.50.

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 30 June 2013. 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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