REG - Tiger Resource PLC - Net Asset Value(s)

Tiger Royalties and InvestmentsAnnouncement

04/10/2019 15:35

RNS Number : 8797O
Tiger Resource PLC
04 October 2019
 


For immediate release
4 October 2019
Tiger Resource PLC
('Tiger' or 'the Company')
 
Quarter-end NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2019 was 0.31 pence per ordinary share (0.37 pence/share at 30 June 2019) 
 
Investments held by the Company as at 30/09/19
 



Name


Number of shares


Share price


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


59,395




BMR Group Plc (note 3)


2,500,000


0.00000


-




Barkby Group Plc


60,606


0.04750


2,879




Bezant Resources Plc


55,555,556


0.00125


69,444




Block Energy Plc


625,000


0.04630


28,937




Corallian Energy Limited (note 4)


20,000


1.50000


30,000




Galileo Resources plc


6,516,667


0.00540


35,190




Goldquest Mining Corp.


173,500


0.08274


14,355




Jubilee Metals Group PLC


1,169,600


0.03315


38,772




Pantheon Resources


31,500


0.16030


5,049




Revelo Resources Corp.


216,667


0.00771


1,670




Royal Dutch Shell Plc B shares


2,700


23.9400


64,638




WisdomTree Copper ETFS


1,760


19.0280


33,489






















Total Investments










383,818





















 
 
 
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 Company sold 11,500 Anglo American Plc shares on 2 July 2019 realising net proceeds of £258,646.67
 
4)   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.
 
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 September 2019 amounted to £193,009.95 
 
7)   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 2019. 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             Jon Belliss                                    +44 (0)20 7399 9425
(Broker)




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