Net Asset Value(s)

RNS Number : 6930D

Tiger Resource Finance PLC

08 July 2016

 

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2016 was 0.80 pence per ordinary share. 

Investments held by the Company as at 30/6/16

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	59,529,532	(see note 2)	112,000
Anglo American PLC	11,500	7.2690	83,594
Ascent Resources PLC	482,142	0.0068	3,279
Aurum Mining PLC	8,333,333	0.0090	75,000
Duke Royalty Limited	20,000	0.4800	9,600
ETFS Physical Platinum	2,250	72.003	162,007
Galileo Resources plc	10,416,667	0.0105	109,375
Jersey Oil and Gas Plc	3,300	0.2062	680
Jubilee Platinum PLC	1,169,600	0.0280	32,749
MX OIL PLC	400,000	0.0088	3,520
New World Oil and Gas PLC	5,000,000	0.0006	3,000
Northern Petroleum PLC	294,118	0.0380	11,176
PanContinental Oil and Gas NL	885,714	0.0017	1,505
Papua Mining PLC	230,000	0.0200	4,600
Revelo Resources Corp.	216,667	0.0463	10,032
Rex Bionics PLC	6,250	0.3250	2,031
Rockrose Energy Plc	100,000	0.4550	45,500
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	0.0138	18,354
Total Investments			694,933

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 ("APP") has now been delisted from ISDX and is valued on the basis of Tiger's share of APP's net assets on 30 June 2016 for the purpose of computing the quarterly PV.

3)   Cash funds held by the Company at 30 June 2016 amounted to £410,014. 

4)   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 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]

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

END

 

 

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