Last checked at 9 Apr 2010 07:00
Tiger Resource Finance plc ('Tiger' or 'the Company')
Portfolio Value Update
The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2010 was 3.53p per ordinary share.
Investments held by the Company at 31 March 2010
| Name | Number of shares | Share price GBP | Valuation GBP |
| African Eagle Resources Plc | 1,241,174 | 0.040 | 49,647 |
| Aquarius Platinum Ltd | 18,182 | 4.307 | 78,310 |
| Ascent Resources Plc | 17,642,857 | 0.049 | 864,450 |
| Franconia Minerals Corp | 475,733 | 0.404 | 192,196 |
| Gold Fields Ltd | 10,500 | 8.305 | 87,203 |
| In-Solve Plc | 625,000 | 0.025 | 15,625 |
| Minmet Plc | 873,574 | 0.010 | 8,736 |
| Nautical Petroleum Plc | 450,000 | 0.450 | 202,500 |
| Pacific North West Capital Corp | 566,500 | 0.098 | 55,517 |
| Pan African Resources Plc | 1,000,000 | 0.059 | 59,000 |
| Sunrise Diamonds Plc | 665,000 | 0.007 | 4,655 |
| Tertiary Minerals Plc | 1,330,000 | 0.030 | 39,900 |
| U3O8 Holdings Plc | 4,166,666 | 0.008 | 33,333 |
| Vatukoula Gold Mines Plc | 13,333,332 | 0.023 | 306,667 |
| Total Investments |
|
| 1,997,739 |
Notes:
1) The Company reduced its holding in Ascent Resources Plc to 17.6M shares and realised the bulk of its investment in Pan African Resources Plc during the quarter ended 31 March 2010. Tiger made a return of 17% on an investment of 19,000 Impala Platinum Pty Ltd shares in the same period.
2) 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 2010. The Company will disclose its investments on a quarterly basis when disclosing its PV.
3) The PV calculation does not include treasury shares that may be held by the Company from time to time, both in the asset base and in computing the total number of shares in issue.
For further information please contact:
| Bruce Rowan, Chairman | Tel: +0044 (0) 20 7486 3997 |
| Colin Bird, CEO | Tel: +0044 (0) 20 7581 4477 |