LONDON (Alliance News) - Tiger Resource Finance PLC on Wednesday reported a fall in its net asset value per share in the first half of 2015 and said it is continuing to seek out investment opportunities.
The company said its NAV per share fell to 1.14 pence at June 30, down from 1.83p the year before. Its total assets were worth GBP1.6 million, down from GBP2.6 million.
"We continue to seek out investment opportunities which, in due course will convert a low entry price into profitable exits," Tiger said in a statement.
"In essence, Tiger whilst not enamoured with recent developments in the resource sector, remains convinced that change is around the corner. The directors will continue to seek out opportunities in and around special situations within the sector and participate in more passive investments which should provide above average returns in more stable markets," it concluded.
Shares in Tiger were untraded on Wednesday, last quoted at 0.518 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Tiger Resource (TIR)