Last checked at 14 Apr 2014 09:00
Tiger Resource Finance PLC. ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2014 was 2.03 pence per ordinary share.
Investments held by the Company as at 31/03/14
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Eagle Resources PLC | 1,241,174 | 0.00185 | 2,296 |
African Pioneer PLC | 57,000,002 | (see note 2) | 210,000 |
Anglo American PLC | 11,500 | 15.26500 | 175,548 |
Ascent Resources PLC | 9,642,857 | 0.00650 | 62,679 |
Astar Minerals PLC | 400,000 | 0.01200 | 4,800 |
Aurum Mining PLC | 8,333,333 | 0.01375 | 114,583 |
ETFS Physical Platinum | 2,250 | 81.81627 | 184,087 |
Jubilee Platinum PLC | 1,169,600 | 0.01625 | 19,006 |
New World Oil and Gas PLC | 5,000,000 | 0.00650 | 32,500 |
Northern Petroleum PLC | 294,118 | 0.24000 | 70,588 |
PanContinental Oil and Gas NL | 885,714 | 0.02391 | 21,177 |
Papua Mining PLC | 230,000 | 0.24000 | 55,200 |
Petroceltic International PLC | 66,640 | 1.67000 | 111,289 |
Polar Star Mining Corp | 833,333 | 0.04349 | 36,242 |
Praetorian Resources PLC | 400,000 | 0.07750 | 31,000 |
Sovereign Energy PLC | 40,000,000 | (see note 2) | 40,000 |
Sovereign Mines of Africa PLC | 2,000,000 | 0.01350 | 27,000 |
Sunrise Resources PLC | 665,000 | 0.00575 | 3,824 |
Trap Oil PLC | 330,000 | 0.10125 | 33,413 |
Tertiary Minerals PLC | 1,330,000 | 0.12125 | 161,263 |
U3O8 Holdings PLC | 4,166,666 | (see note 4) | - |
Union Med Tech PLC | 625,000 | (see note 4) | - |
Vatukoula Gold Mines PLC | 150,000 | 0.06375 | 9,563 |
Wentworth Resources Ltd | 220,000 | 0.47389 | 104,256 |
Xtract Resources PLC | 344,827,584 | 0.00220 | 758,621 |
Total Investments | 2,268,935 | ||
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 investments of £210,000 and £40,000 respectively in African Pioneer PLC (quoted on ISDX) and Sovereign Energy PLC relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 31 March 2014 quarterly PV.
3) Cash funds held by the Company at 31 March 2014 amounted to £538,363.81
4) The investments in Union Med Tech PLC and U308 Holdings Plc have been marked down to nil whilst the companies are suspended from trading on ISDX.
5) 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 30 June 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 |