REG - Tiger Resource Fin. - NAV Update

Tiger Royalties and InvestmentsAnnouncement

03/04/2018 17:05

RNS Number : 7014J
Tiger Resource Finance PLC
03 April 2018
 

For immediate release
                        3 April 2018
Tiger Resource Finance PLC
('Tiger' or 'the Company')
 
NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2018 was 0.77 pence per ordinary share. 
 
Investments held by the Company as at 31/03/18
 




Name


Number of shares


Share price


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


149,507




Anglo American PLC


11,500


16.610


191,015




Ascent Resources PLC


482,142


0.0105


5,062




Berkeley Mineral Resources Plc


2,500,000


0.0190


47,500




Bezant Resources Plc


55,555,556


0.0041


227,778




Cabot Energy Plc


294,118


0.0450


13,235




Corallian Energy Limited


20,000


1.5000


30,000




Duke Royalty Limited


20,000


0.3950


7,900




ETFS Physical Platinum


2,250


62.949


141,635




ETFS Copper


1,760


20.252


35,644




Galileo Resources plc


6,516,667


0.0128


83,413




Goldquest Mining Corp.


173,500


0.1106


19,189




Jersey Oil and Gas Plc


3,300


1.9048


6,286




Jubilee Metals Group PLC


1,169,600


0.0260


30,410




MX OIL PLC


400,000


0.0065


2,600




PanContinental Oil and Gas NL


611,813


0.0030


1,835




Pantheon Resources


31,500


0.4700


14,805




Papua Mining PLC


230,000


0.0085


1,955




Revelo Resources Corp.


216,667


0.0192


4,160




Sovereign Mines of Africa Plc


2,000,000


0.0027


5,400




Sunrise Resources PLC


665,000


0.0013


864




Tertiary Minerals PLC


1,330,000


0.0128


17,024








































Total Investments










1,037,217






















 
 
 
 
 
 
 
 
 
 
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 Berkeley Mineral Resources Plc ("BMR") were suspended at the company's request on 7 February 2018 pending clarification of the mining right in respect of BMR's Kabwe operation.  This investment has been valued at its market price immediately prior to the suspension of its shares.
 
4)   The Company made an investment of £250,000 in Bezant Resources Plc, acquiring 55,555,556 shares at a cost of 0.45 pence per share.
 
5)   The Company made an investment of £30,000 in Corallian Energy Limited, an unquoted oil and gas exploration company.  This investment is carried at cost as at 31 March 2018.
 
6)   Tiger sold 95,000 Rockrose Energy Plc ("Rockrose") shares on 19 February 2018 realising net proceeds of £341,354.30 which represents a net gain of £293,854.30.  In addition to the gain realised on the sale of the Rockrose shares, Tiger received an amount of £142,500 (£1.50 per share) relating to a distribution of cash funds made by Rockrose on 23 February 2018
 
7)   Cash funds held by the Company at 31 March 2018 amounted to £382,371.53 
 
8)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 June 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 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
 


 




First Equity Limited (Broker)


Jason Robertson
 


+44 (0)20 7374  2212




 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NAVEASLDESPPEFF