Last checked at 10 Oct 2017 13:32
For Immediate Release
10 October 2017
Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2017 was 0.83 pence per ordinary share.
Investments held by the Company as at 30/09/17
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Pioneer PLC | 59,529,532 | (see note 2) | 144,743 |
Anglo American PLC | 11,500 | 13.395 | 154,042 |
Ascent Resources PLC | 482,142 | 0.0295 | 14,223 |
Cabot Energy Plc | 294,118 | 0.0437 | 12,853 |
Duke Royalty Limited | 20,000 | 0.3625 | 7,250 |
ETFS Physical Platinum | 2,250 | 65.041 | 146,342 |
ETFS Copper | 1,760 | 21.009 | 36,975 |
Galileo Resources plc | 6,516,667 | 0.0205 | 133,592 |
Jersey Oil and Gas Plc | 3,300 | 0.6550 | 2,161 |
Jubilee Platinum PLC | 1,169,600 | 0.0430 | 50,293 |
MX OIL PLC | 400,000 | 0.0060 | 2,400 |
PanContinental Oil and Gas NL | 885,714 | 0.0029 | 2,569 |
Pantheon Resources | 31,500 | 0.5075 | 15,986 |
Papua Mining PLC | 230,000 | 0.0137 | 3,151 |
Revelo Resources Corp. | 216,667 | 0.0239 | 5,178 |
Rex Bionics PLC | 6,250 | - | - |
Rockrose Energy Plc | 95,000 | 1.1750 | 111,625 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.0027 | 5,400 |
Sunrise Resources PLC | 665,000 | 0.0019 | 1,263 |
Tertiary Minerals PLC | 1,330,000 | 0.0052 | 6,916 |
Total Investments | 856,962 | ||
Notes:
1) The above PV calculation is based on 138,331,939 ordinary shares with a nominal value of 0.1 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) 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) Rex Bionics Plc was suspended from trading on AIM on 30 May 2017 and hence has been carried at nil valuation.
4) Cash funds held by the Company at 30 September 2017 amounted to £297,534.66
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 31 December 2017. 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