Last checked at 9 Oct 2014 12:13
Tiger Resource Finance PLC. ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2014 was 1.63 pence per ordinary share.
Investments held by the Company as at 30/09/14
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Eagle Resources PLC | 1,241,174 | 0.00275 | 3,413 |
African Pioneer PLC | 57,000,002 | (see note 2) | 210,000 |
Anglo American PLC | 11,500 | 13.8400 | 159,160 |
Ascent Resources PLC | 9,642,857 | 0.00425 | 40,982 |
Aurum Mining PLC | 8,333,333 | 0.01250 | 104,167 |
ETFS Physical Platinum | 2,250 | 77.5000 | 174,375 |
Jubilee Platinum PLC | 1,169,600 | 0.012750 | 14,912 |
MX OIL PLC | 400,000 | 0.03400 | 13,600 |
New World Oil and Gas PLC | 5,000,000 | 0.00550 | 27,500 |
Northern Petroleum PLC | 294,118 | 0.19000 | 55,882 |
PanContinental Oil and Gas NL | 885,714 | 0.01887 | 16,713 |
Papua Mining PLC | 230,000 | 0.25500 | 58,650 |
Polar Star Mining Corp | 833,333 | 0.02479 | 20,658 |
Praetorian Resources PLC | 400,000 | 0.10750 | 43,000 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.01575 | 31,500 |
Sunrise Resources PLC | 665,000 | 0.00500 | 3,325 |
Trap Oil PLC | 330,000 | 0.06750 | 22,275 |
Tertiary Minerals PLC | 1,330,000 | 0.06250 | 83,125 |
Rex Bionics PLC | 6,250 | 1.78000 | 11,125 |
Vatukoula Gold Mines PLC | 150,000 | - | - |
Xtract Resources PLC | 344,827,584 | 0.00180 | 620,690 |
Total Investments | 1,715,052 | ||
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) The investment of £210,000 in African Pioneer PLC (quoted on ISDX) relate to company incubated by Tiger is carried at cost for the purpose of computing the 30 September 2014 quarterly PV.
3) Cash funds held by the Company at 30 September 2014 amounted to £533,981.37.
4) The Petroceltic International Plc and Wentworth International Ltd investments were sold during the quarter ended 30 September 2014.
5) African Eagle Resources Plc has temporary suspended the trading of its shares on AIM and this investment is carried at the closing price per share prior to suspension. Vatukoula Gold Mines has withdrawn the trading of the company's shares on AIM and this investment has been written down to nil.
6) 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 December 2014. 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 44 777 594 6676 |