REG - Tiger Resource Fin. - NAV Update <Origin Href="QuoteRef">TIRU.L</Origin>
RNS Number : 8941TTiger Resource Finance PLC09 October 2014Tiger Resource Finance PLC. ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2014 was 1.63 pence per ordinary share.
Investments held by the Company as at 30/09/14
Name
Number of shares
Share price
Valuation
African Eagle Resources PLC
1,241,174
0.00275
3,413
African Pioneer PLC
57,000,002
(see note 2)
210,000
Anglo American PLC
11,500
13.8400
159,160
Ascent Resources PLC
9,642,857
0.00425
40,982
Aurum Mining PLC
8,333,333
0.01250
104,167
ETFS Physical Platinum
2,250
77.5000
174,375
Jubilee Platinum PLC
1,169,600
0.012750
14,912
MX OIL PLC
400,000
0.03400
13,600
New World Oil and Gas PLC
5,000,000
0.00550
27,500
Northern Petroleum PLC
294,118
0.19000
55,882
PanContinental Oil and Gas NL
885,714
0.01887
16,713
Papua Mining PLC
230,000
0.25500
58,650
Polar Star Mining Corp
833,333
0.02479
20,658
Praetorian Resources PLC
400,000
0.10750
43,000
Sovereign Mines of Africa Plc
2,000,000
0.01575
31,500
Sunrise Resources PLC
665,000
0.00500
3,325
Trap Oil PLC
330,000
0.06750
22,275
Tertiary Minerals PLC
1,330,000
0.06250
83,125
Rex Bionics PLC
6,250
1.78000
11,125
Vatukoula Gold Mines PLC
150,000
-
-
Xtract Resources PLC
344,827,584
0.00180
620,690
Total Investments
1,715,052
Notes:
1) The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 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) The investment of 210,000 in African Pioneer PLC (quoted on ISDX) relate to company incubated by Tiger is carried at cost for the purpose of computing the 30 September 2014 quarterly PV.
3) Cash funds held by the Company at 30 September 2014 amounted to 533,981.37.
4) The Petroceltic International Plc and Wentworth International Ltd investments were sold during the quarter ended 30 September 2014.
5) African Eagle Resources Plc has temporary suspended the trading of its shares on AIM and this investment is carried at the closing price per share prior to suspension. Vatukoula Gold Mines has withdrawn the trading of the company's shares on AIM and this investment has been written down to nil.
6) 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 2014. The Company will disclose its investments on a quarterly basis when disclosing its PV.
For further information please contact:
Bruce Rowan, Chairman
Tel: +00 44 207 486 3997
Raju Samtani, Director
Tel: +00 44 777 594 6676
This information is provided by RNSThe company news service from the London Stock ExchangeENDNAVEAEENESKLFFF
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