14 Jan 2016 07:00
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Tiger Resource Finance PLC
('Tiger' or 'the Company')
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NAV Update
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The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2015 was 0.91 pence per ordinary share.Â
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Investments held by the Company as at 31/12/15
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Name | Number of shares | Share price | Valuation |
ÂŁ | ÂŁ | ||
African Pioneer PLC | 59,529,532 | (see note 2) | 210,000 |
Anglo American PLC | 11,500 | 2.9945 | 34,437 |
Ascent Resources PLC | 482,142 | 0.0102 | 4,918 |
Aurum Mining PLC | 8,333,333 | 0.0062 | 51,667 |
Duke Royalty Limited | 20,000 | 0.5150 | 10,300 |
ETFS Physical Platinum | 2,250 | 56.086 | 126,193 |
Galileo Resources plc | 10,416,667 | 0.0127 | 132,292 |
Jersey Oil and Gas Plc | 3,300 | 0.1200 | 396 |
Jubilee Platinum PLC | 1,169,600 | 0.0333 | 38,948 |
MX OIL PLC | 400,000 | 0.0205 | 8,200 |
New World Oil and Gas PLC | 5,000,000 | 0.0009 | 4,500 |
Northern Petroleum PLC | 294,118 | 0.0288 | 8,471 |
PanContinental Oil and Gas NL | 885,714 | 0.0014 | 1,240 |
Papua Mining PLC | 230,000 | 0.0150 | 3,450 |
Pacific North West Capital Corporation | 3,333,333 | 0.0097 | 32,333 |
Revelo Resources Corp. | 216,667 | 0.0243 | 5,265 |
Rex Bionics PLC | 6,250 | 0.4350 | 2,719 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.0029 | 5,800 |
Sunrise Resources PLC | 665,000 | 0.0017 | 1,131 |
Tertiary Minerals PLC | 1,330,000 | 0.0208 | 27,664 |
Xtract Resources PLC | 15,000,000 | 0.0023 | 34,500 |
Total Investments | 744,424 | ||
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Notes:
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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.
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2) African Pioneer PLC (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 31 December 2015 quarterly PV.
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3) Ascent Resources Plc ("Ascent") shares have been consolidated on the basis of 1 New Ordinary share for every 20 existing shares in the company and the current holding of 482,142 shares in Ascent is post consolidation.
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4) The Company made an investment of ÂŁ25,000 in Pacific North West Capital Corp during the quarter ended 31 December 2015.
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5) Cash funds held by the Company at 31December 2015 amounted to ÂŁ519,144. This amount includes the sum of ÂŁ50,000 held in the Company's brokerage account pending the completion of a share purchase.
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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 March 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.
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For further information please contact:Tiger Resource Finance PlcBruce Rowan, Chairman Tel: +44 (0)207 486 3997Raju Samtani, Director Tel: +44 (0)207 581 4477
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finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson Tel: +44 (0)207 220 0500
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