Net Asset Value

RNS Number : 7987L

Tiger Resource Finance PLC

14 January 2016

 

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2015 was 0.91 pence per ordinary share. 

Investments held by the Company as at 31/12/15

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	59,529,532	(see note 2)	210,000
Anglo American PLC	11,500	2.9945	34,437
Ascent Resources PLC	482,142	0.0102	4,918
Aurum Mining PLC	8,333,333	0.0062	51,667
Duke Royalty Limited	20,000	0.5150	10,300
ETFS Physical Platinum	2,250	56.086	126,193
Galileo Resources plc	10,416,667	0.0127	132,292
Jersey Oil and Gas Plc	3,300	0.1200	396
Jubilee Platinum PLC	1,169,600	0.0333	38,948
MX OIL PLC	400,000	0.0205	8,200
New World Oil and Gas PLC	5,000,000	0.0009	4,500
Northern Petroleum PLC	294,118	0.0288	8,471
PanContinental Oil and Gas NL	885,714	0.0014	1,240
Papua Mining PLC	230,000	0.0150	3,450
Pacific North West Capital  Corporation	3,333,333	0.0097	32,333
Revelo Resources Corp.	216,667	0.0243	5,265
Rex Bionics PLC	6,250	0.4350	2,719
Sovereign Mines of Africa Plc	2,000,000	0.0029	5,800
Sunrise Resources PLC	665,000	0.0017	1,131
Tertiary Minerals PLC	1,330,000	0.0208	27,664
Xtract Resources PLC	15,000,000	0.0023	34,500
Total Investments			744,424

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)   African Pioneer PLC (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 31 December 2015 quarterly PV.

3)   Ascent Resources Plc ("Ascent") shares have been consolidated on the basis of 1 New Ordinary share for every 20 existing shares in the company and the current holding of 482,142 shares in Ascent is post consolidation.

4)   The Company made an investment of £25,000 in Pacific North West Capital Corp during the quarter ended 31 December 2015.  

5)   Cash funds held by the Company at 31December 2015 amounted to £519,144.  This amount includes the sum of £50,000 held in the Company's brokerage account pending the completion of a share purchase.

6)   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 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Tiger Resource Finance Plc
Bruce Rowan, Chairman                                                Tel: [phone]
Raju Samtani, Director                                                   Tel: [phone]

finnCap Limited (Nominated Adviser)

Christopher Raggett/Scott Mathieson                             Tel: [phone]

 

END

 

 

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