REG - Tiger Resource PLC - NAV Update

Tiger Royalties and InvestmentsAnnouncement

06/07/2018 10:15

RNS Number : 8522T
Tiger Resource PLC
06 July 2018
 


For immediate release
6 July 2018
Tiger Resource PLC
('Tiger' or 'the Company')
 
NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2018 was 0.64 pence per ordinary share. 
 
Investments held by the Company as at 30/06/18
 




Name


Number of shares


Share price


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


129,417




Anglo American PLC


11,500


16.948


194,902




BMR Group Plc (note 3)


2,500,000


0.0190


47,500




Barkby Group Plc (note 4)


60,606


0.0800


4,848




Block Energy Plc


1,250,000


0.0340


42,500




Bezant Resources Plc


55,555,556


0.0042


233,333




Corallian Energy Limited (note 5)


20,000


1.5000


30,000




ETFS Copper


1,760


20.920


36,819




Galileo Resources plc


6,516,667


0.0141


91,885




Goldquest Mining Corp.


173,500


0.1108


19,223




Jubilee Metals Group PLC


1,169,600


0.0242


28,304




Pantheon Resources


31,500


0.1874


5,903




Revelo Resources Corp.


216,667


0.0115


2,492




Royal Dutch Shell Plc B shares


5,400


27.124


146,470




 


 


 


 




 


 


 


 




Total Investments


 


 


1,013,596




 


 


 


 




 
 
 
 
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 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)   Sovereign Mines Plc ("Sovereign") acquired the business and assets of Turf to Table, a boutique hospitality group focused on premium gastropubs, inns and function spaces in Oxfordshire and Gloucestershire for a total consideration of £1,205,000.  The company's shares were consolidated at the same time with every 33 existing Ordinary shares in Sovereign receiving one new Ordinary share in Barkby Group Plc, being the name of the company following the acquisition.
 
5)   Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which has an interest in 5 petroleum licences in the UK and operates in the private domain.  This investment has been valued at cost.
 
6)   Cash funds held by the Company at 30 June 2018 amounted to £171,000.10. 
 
7)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 September 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 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 (Joint Broker)
 


Jason Robertson
 


+44 (0)20 7374  2212




Novum Securities Plc             Jon Belliss                                                  +44 (0)20 7399 9425
(Joint Broker)




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