Last checked at 3 Apr 2018 17:00
For immediate release
3 April 2018
Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2018 was 0.77 pence per ordinary share.
Investments held by the Company as at 31/03/18
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Pioneer PLC | 59,529,532 | (see note 2) | 149,507 |
Anglo American PLC | 11,500 | 16.610 | 191,015 |
Ascent Resources PLC | 482,142 | 0.0105 | 5,062 |
Berkeley Mineral Resources Plc | 2,500,000 | 0.0190 | 47,500 |
Bezant Resources Plc | 55,555,556 | 0.0041 | 227,778 |
Cabot Energy Plc | 294,118 | 0.0450 | 13,235 |
Corallian Energy Limited | 20,000 | 1.5000 | 30,000 |
Duke Royalty Limited | 20,000 | 0.3950 | 7,900 |
ETFS Physical Platinum | 2,250 | 62.949 | 141,635 |
ETFS Copper | 1,760 | 20.252 | 35,644 |
Galileo Resources plc | 6,516,667 | 0.0128 | 83,413 |
Goldquest Mining Corp. | 173,500 | 0.1106 | 19,189 |
Jersey Oil and Gas Plc | 3,300 | 1.9048 | 6,286 |
Jubilee Metals Group PLC | 1,169,600 | 0.0260 | 30,410 |
MX OIL PLC | 400,000 | 0.0065 | 2,600 |
PanContinental Oil and Gas NL | 611,813 | 0.0030 | 1,835 |
Pantheon Resources | 31,500 | 0.4700 | 14,805 |
Papua Mining PLC | 230,000 | 0.0085 | 1,955 |
Revelo Resources Corp. | 216,667 | 0.0192 | 4,160 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.0027 | 5,400 |
Sunrise Resources PLC | 665,000 | 0.0013 | 864 |
Tertiary Minerals PLC | 1,330,000 | 0.0128 | 17,024 |
Total Investments | 1,037,217 | ||
Notes:
1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary shares") being the Company's issued share capital of 188,847,070 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
2) African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent. of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.
3) The shares of Berkeley Mineral Resources Plc ("BMR") were suspended at the company's request on 7 February 2018 pending clarification of the mining right in respect of BMR's Kabwe operation. This investment has been valued at its market price immediately prior to the suspension of its shares.
4) The Company made an investment of £250,000 in Bezant Resources Plc, acquiring 55,555,556 shares at a cost of 0.45 pence per share.
5) The Company made an investment of £30,000 in Corallian Energy Limited, an unquoted oil and gas exploration company. This investment is carried at cost as at 31 March 2018.
6) Tiger sold 95,000 Rockrose Energy Plc ("Rockrose") shares on 19 February 2018 realising net proceeds of £341,354.30 which represents a net gain of £293,854.30. In addition to the gain realised on the sale of the Rockrose shares, Tiger received an amount of £142,500 (£1.50 per share) relating to a distribution of cash funds made by Rockrose on 23 February 2018
7) Cash funds held by the Company at 31 March 2018 amounted to £382,371.53
8) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 June 2018. The Company will disclose its investments on a quarterly basis when disclosing its PV.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Tiger Resource Finance Plc | Raju Samtani, Director | +44 (0)20 7581 4477 |
Beaumont Cornish (Nomad) | Roland Cornish Felicity Geidt | +44 (0)20 7628 3369 |
| Email:corpfin@bcornish.co.uk
|
|
First Equity Limited (Broker) | Jason Robertson
| +44 (0)20 7374 2212 |