Net Asset Value

RNS Number : 9457I

Tiger Resource Finance PLC

09 July 2013

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2013 was 2.37 pence per ordinary share. 

Investments held by the Company as at 30/06/13

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources Plc	1,241,174	0.00125	1,551
African Pioneer Plc	57,000,002	(see note 2)	210,000
Anglo American Plc	11,500	12.66000	145,590
Ascent Resources Plc	9,642,857	0.00825	79,554
Astar Minerals Plc	4,000,000	0.00125	5,000
Aurum Mining Plc	8,333,333	0.02500	208,333
BP Plc	58,000	4.55250	264,045
ETFS Physical Platinum	2,250	84.63309	190,424
Jubilee Platinum Plc	1,169,600	0.05875	68,714
New World Oil and Gas Plc	5,000,000	0.00675	33,750
Northern Petroleum Plc	294,118	0.30500	89,706
PanContinental Oil and Gas NL	885,714	0.03007	26,633
Papua Mining Plc	230,000	0.75000	172,500
Petroceltic International Plc	66,640	1.37000	91,297
Praetorian Resources plc	400,000	0.21500	86,000
Sovereign Energy Plc	40,000,000	(see note 2)	40,000
Sovereign Mines of Africa Plc	2,000,000	0.02125	42,500
Sunrise Resources Plc	665,000	0.00525	3,491
Taipan Resources Inc	310,000	0.14695	45,555
Trap Oil Plc	330,000	0.10875	35,888
Tertiary Minerals Plc	1,330,000	0.04875	64,838
U3O8 Holdings Plc	4,166,666	(see note 3)	-
Union MedTech Plc	625,000	0.01450	9,063
Vatukoula Gold Mines Plc	150,000	0.06245	9,368
Wentworth Resources Ltd	220,000	0.56917	125,217
Xtract Resources plc	344,827,584	0.00235	810,344
Total Investments			2,859,360

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 30 June 2013 quarterly PV.

3)   The investment in U3O8 Holdings Plc has been marked down to nil whilst the company is suspended from trading on ISDX.

4)   Cash funds held by the Company at 30 June 2013 amounted to £421,307.32.

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 September 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

 

 

NAVLLFSSDAIAIIV