Last checked at 10 Jan 2018 09:57
For immediate release
10 January 2018
Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2017 was 0.65 pence per ordinary share.
Investments held by the Company as at 31/12/17
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Pioneer PLC | 59,529,532 | (see note 2) | 126,997 |
Anglo American PLC | 11,500 | 15.495 | 178,193 |
Ascent Resources PLC | 482,142 | 0.0140 | 6,750 |
Berkeley Mineral Resources Plc | 2,500,000 | 0.0163 | 40,750 |
Cabot Energy Plc | 294,118 | 0.0513 | 15,088 |
Duke Royalty Limited | 20,000 | 0.3900 | 7,800 |
ETFS Physical Platinum | 2,250 | 65.230 | 146,767 |
ETFS Copper | 1,760 | 22.939 | 40,372 |
Galileo Resources plc | 6,516,667 | 0.0133 | 86,672 |
Goldquest Mining Corp. | 173,500 | 0.2139 | 37,112 |
Jersey Oil and Gas Plc | 3,300 | 1.9150 | 6,319 |
Jubilee Metals Group PLC | 1,169,600 | 0.0380 | 44,445 |
MX OIL PLC | 400,000 | 0.0053 | 2,120 |
PanContinental Oil and Gas NL | 611,813 | 0.0026 | 1,591 |
Pantheon Resources | 31,500 | 0.6750 | 21,262 |
Papua Mining PLC | 230,000 | 0.0118 | 2,714 |
Revelo Resources Corp. | 216,667 | 0.0133 | 2,882 |
Rex Bionics PLC | 6,250 | - | - |
Rockrose Energy Plc | 95,000 | 1.2700 | 120,650 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.0027 | 5,400 |
Sunrise Resources PLC | 665,000 | 0.0018 | 1,197 |
Tertiary Minerals PLC | 1,330,000 | 0.0205 | 27,265 |
Total Investments | 922,346 | ||
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 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) Jubilee Platinum Plc changed its name to Jubilee Metals Group Plc
4) Rex Bionics Plc was suspended from trading on AIM on 30 May 2017 and subsequently cancelled on 3 July 2017 and hence has been carried at nil valuation.
5) Cash funds held by the Company at 31 December 2017 amounted to £267,606.56
6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 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 PlcRaju Samtani, Director Tel: +44 (0)207 581 4477
Beaumont Cornish (Nominated Adviser) Tel: +44 (0) 207 628 3396
Roland Cornish/ Felicity Geidt | |
Beaufort Securities Limited (Joint Broker) Jon Belliss Tel: +44 (0)207 382 8300