Net Asset Value(s)

RNS Number : 5846V

Tiger Resource Finance PLC

15 January 2013

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2012 was 3.07 pence per ordinary share. 

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

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources Plc	1,241,174	.02125	26,375
African Pioneer Plc	57,000,00	(see note 2)	210,000
Anglo American Plc	11,500	18.94000	217,810
Astar Minerals Plc	4,000,000	.01050 (see note 3)	42,000
Aurum Mining Plc	8,333,333	.03625	302,083
Ascent Resources Plc	9,642,857	.00900	86,786
BP Plc	58,000	4.25800	246,964
ETFS Physical Platinum	2,250	91.84700	206,656
Jubilee Platinum Plc	1,169,600	.08250	96,492
New World Oil and Gas Plc	5,000,000	.09125	456,250
Northern Petroleum Plc	294,118	.53000	155,883
PanContinental Oil and Gas NL	885,714	.05867	51,965
Papua Mining Plc	230,000	.81000	186,300
Petroceltic International Plc	1,666,000	.07000	116,620
Praetorian Resources plc	400,000	.40500	162,000
Sovereign Energy Plc	40,000,000	(see note 2)	40,000
Sovereign Mines of Africa Plc	2,000,000	.04000	80,000
Sunrise Resources Plc	665,000	.00775	5,154
Taipan Resources Inc	310,000	.20794	64,461
Trap Oil Plc	330,000	.16500	54,450
Tertiary Minerals Plc	1,330,000	.05750	76,475
U3O8 Holdings Plc	4,166,666	.00330	13,750
Union MedTech Plc	625,000	.01500	9,375
Vatukoula Gold Mines Plc	150,000	.24750	37,125
Wentworth Resources Ltd	220,000	.37735	83,017
Xtract Energy plc	344,827,584	.00145	500,000
Total Investments			3,527,991

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)   An investment of £100,000 was made in Jubilee Platinum plc during the quarter ended 31 December 2012. Investments of £210,000 and £40,000 respectively were also made in African Pioneer Plc (now quoted on ISDX) and Sovereign Energy Plc.  These investments relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 31 December 2012 quarterly PV.

3)   The investment in Astar Minerals Plc is carried at the market price on 12 November 2012 being the date when the stock was suspended from trading on AIM.

4)   Cash funds held by the Company at 31 December 2012 amounted to £715,674.

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 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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