NAV Update

RNS Number : 9576L

Tiger Resource Finance PLC

10 July 2014

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2014 was 1.91 pence per ordinary share. 

Investments held by the Company as at 30/06/14

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources PLC	1,241,174	0.00340	4,220
African Pioneer PLC	57,000,002	(see note 2)	210,000
Anglo American PLC	11,500	14.30000	164,450
Ascent Resources PLC	9,642,857	0.00750	72,321
Astar Minerals PLC	400,000	0.01650	6,600
Aurum Mining PLC	8,333,333	0.01625	135,417
ETFS Physical Platinum	2,250	84.09091	189,205
Jubilee Platinum PLC	1,169,600	0.01525	17,836
New World Oil and Gas PLC	5,000,000	0.00650	32,500
Northern Petroleum PLC	294,118	0.25625	75,368
PanContinental Oil and Gas NL	885,714	0.01275	11,293
Papua Mining PLC	230,000	0.22500	51,750
Petroceltic International PLC	66,640	1.59000	105,958
Polar Star Mining Corp	833,333	0.03580	29,833
Praetorian Resources PLC	400,000	0.12000	48,000
Sovereign Energy PLC	40,000,000	(see note 3)	-
Sovereign Mines of Africa PLC	2,000,000	0.00975	19,500
Sunrise Resources PLC	665,000	0.00475	3,159
Trap Oil PLC	330,000	0.08875	29,288
Tertiary Minerals PLC	1,330,000	0.05500	73,150
U3O8 Holdings PLC	4,166,666	(see note 5)	-
Rex Bionics PLC	6,250	(see note 6)	11,219
Vatukoula Gold Mines PLC	150,000	0.02300	3,450
Wentworth Resources Ltd	220,000	0.46725	102,795
Xtract Resources PLC	344,827,584	0.00235	810,345
Total Investments			2,207,657

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 investment of £210,000 in African Pioneer PLC (quoted on ISDX) relates to a company incubated by Tiger and  is carried at cost for the purpose of computing the 30 June 2014 quarterly PV.

3)   The investment of £40,000 in Sovereign Energy PLC has been written off at 31 December 2013.

4)   Cash funds held by the Company at 30 June 2014 amounted to £428,911.22

5)   The investments in U308 Holdings Plc have been marked down to nil whilst the company is suspended from trading on ISDX.

6)   Following the reverse takeover of Rex Bionics Limited (New Zealand) by Union Medtech Plc, Union Medtech has changed its name to Rex Bionics PLC.

7)   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 September 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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