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Tiger Royalties & Investments PLC - London-based mining investor - Net asset value falls by 26% to 0.17 pence per share on December 31 from 0.23p a year before. Pretax loss widens to GBP252,045 in 2021 from GBP149,513 in 2020. Change in fair value of investment is positive GBP26,695 compared to positive GBP194,216 in 2020.
"The natural resource market was buoyant predominantly for the larger cap producers in the sector. However, this trend did not fully migrate to smaller cap businesses and junior exploration companies in the natural resource industry," Tiger explains. "Smaller company stocks were generally volatile and share prices of some companies in this class of investment declined over the year. This trend stabilised towards the year-end and has shown some improvement in the first quarter of 2022."
Tiger adds: "Global markets have been under pressure in recent months mainly due to geopolitical uncertainty caused by the war in Ukraine and excess global inflationary pressures currently slowing down economic performance. This trend is forecast to persist for the foreseeable future. We firmly believe that a 'perfect storm' is brewing in the supply chain and this can only be addressed by major investment from all sources (capital markets, central governments and end-users) into the explorers and developers."
Tiger's portfolio is made up of companies with exposure to commodities of low-carbon emission energy sources, such as African Pioneer PLC. "The re-listing of African Pioneer PLC will further add our exposure to investment in copper," Tiger Royalties says.
Current stock price: 0.20 pence, untraded on Wednesday
12-month change: down 60%
By Tom Budszus; tombudszus@alliancenews.com
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