REG - Tiger Resource PLC - Quarter End NAV Update

Goldquest MiningAnnouncement

06/01/2020 13:10

RNS Number : 8809Y
Tiger Resource PLC
06 January 2020
 


For immediate release
6 January 2020
Tiger Resource PLC
('Tiger' or 'the Company')
 
Quarter-end NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2019 was 0.31 (30 September 2019 - 0.31) pence per ordinary share. 
 
Investments held by the Company as at 31/12/19
 




Name


Number of shares


Share price


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


54,718




BMR Group Plc (note 3)


2,500,000


0.00000


-




Barkby Group Plc


60,606


0.09750


5,909




Bezant Resources Plc


55,555,556


0.00200


111,111




Block Energy Plc


625,000


0.04500


28,125




Corallian Energy Limited (note 4)


20,000


1.50000


30,000




Galileo Resources plc


6,516,667


0.00500


32,583




Goldquest Mining Corp.


173,500


0.08295


14,392




Jubilee Metals Group PLC


1,169,600


0.03900


45,614




Pantheon Resources


31,500


0.16498


5,197




Revelo Resources Corp.


216,667


0.00294


637




Royal Dutch Shell Plc B shares


2,700


22.3948


60,466




WisdomTree Copper ETFS


1,760


19.5659


34,436




 


 


 


 




Total Investments


 


 


423,188




 


 


 


 




 
 
 
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 in which Tiger owns 50.75 per cent of the issued share capital 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)   The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018.  This investment is being carried at zero valuation until further details are released by BMR Plc relating to the company's future plans.
 
4)   Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which holds interests in 5 basins in the UK; Central Graben, Inner Moray Firth, Viking Graben, West of Shetland and Wessex and operates in the private domain.  This investment has been valued at cost.
 
5)   Cash funds held by the Company at 31 December 2019 amounted to £143,358.80. 
 
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 2020. 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 Plc


Raju Samtani, Director                                              


+44 (0)20 7581 4477




Beaumont Cornish (Nomad)


Roland Cornish
Felicity Geidt


+44 (0)20 7628 3369




 


Email:corpfin@bcornish.co.uk
 


 




Novum Securities Plc 
(Broker)

Jon Belliss
+44 (0)20 7399 9425



 




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