REG - Tiger Resource PLC - NAV Update

Tiger Royalties and InvestmentsAnnouncement

03/10/2018 16:10

RNS Number : 8913C
Tiger Resource PLC
03 October 2018
 


For immediate release
3 October 2018
Tiger Resource PLC
('Tiger' or 'the Company')
 
NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2018 was 0.56 pence per ordinary share. 
 
Investments held by the Company as at 30/09/18
 




Name


Number of shares


Share price


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


141,046




Anglo American PLC


11,500


17.230


198,145




BMR Group Plc (note 3)


2,500,000


0.0000


0




Barkby Group Plc


60,606


0.0375


2,273




Block Energy Plc


1,250,000


0.0310


38,750




Bezant Resources Plc


55,555,556


0.0039


216,667




Corallian Energy Limited (note 4)


20,000


1.5000


30,000




ETFS Copper


1,760


19.953


35,118




Galileo Resources plc


6,516,667


0.0109


71,032




Goldquest Mining Corp.


173,500


0.0964


16,725




Jubilee Metals Group PLC


1,169,600


0.0240


28,070




Pantheon Resources


31,500


0.1640


5,166




Revelo Resources Corp.


216,667


0.0060


1,300




Royal Dutch Shell Plc B shares


5,400


26.890


145,206




 


 


 


 




 


 


 


 




Total Investments


 


 


929,498




 


 


 


 




 
 
 
 
 
 
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 has an interest in 5 petroleum licences in the UK and operates in the private domain.  This investment has been valued at cost.
 
5)   Cash funds held by the Company at 30 September 2018 amounted to £99,646.71. 
 
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 December 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 (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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