Last checked at 7 Jan 2011 12:44
Tiger Resource Finance plc ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2010 was 4.68p per ordinary share.
Investments held by the Company as at 31/12/10
Name | Number of shares | Share price GBP | Valuation GBP |
African Eagle Resources Plc | 1,241,174 | 0.1200 | 148,941 |
Aquarius Platinum Ltd | 18,182 | 3.5200 | 64,001 |
Ascent Resources Plc | 9,642,857 | 0.0913 | 880,393 |
ETFS Physical Platinum | 2,250 | 111.12 | 250,020 |
Franconia Minerals Corp | 475,733 | 0.5496 | 261,463 |
In-Solve Plc | 625,000 | 0.0550 | 34,375 |
Minmet Plc | 873,574 | 0.0100 | 8,736 |
Nautical Petroleum Plc | 150,000 | 3.9600 | 594,000 |
Northern Petroleum Plc | 294,118 | 1.0900 | 320,589 |
Pacific North West Capital Corp | 566,500 | 0.0808 | 45,773 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.1075 | 215,000 |
Sunrise Resources Plc | 665,000 | 0.0598 | 39,767 |
Tertiary Minerals Plc | 1,330,000 | 0.0725 | 96,425 |
U3O8 Holdings Plc | 4,166,666 | 0.0100 | 41,667 |
Vatukoula Gold Mines Plc | 266,667 | 2.0100 | 536,001 |
Total Investments | 3,537,151 |
Notes:
1) Vatukoula Gold Mines Plc ("Vatukoula") consolidated its ordinary shares with 1 new share issued for 50 previously held ordinary shares resulting in Tiger holding 266,667 Vatukoula shares at 31 December 2010.
2) The investments held by the Company performed well with investments (excluding cash) reflecting an increase of 44% in the quarter ended 31 December 2010.
3) 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 2011. The Company will disclose its investments on a quarterly basis when disclosing its PV.
For further information please contact:
Bruce Rowan, Chairman | Tel: +00 44 207 486 3997 |
Raju Samtani, Director | Tel: +00 44 207 581 4477 |