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

Tiger Royalties and InvestmentsAnnouncement

07/07/2020 11:30

RNS Number : 2758S
  
Tiger Resource PLC
  
07 July 2020
  
 

For immediate release
7 July 2020
Tiger Resource PLC 
('Tiger' or 'the Company')
 
Quarter-end NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2020 was 0.19 (31 March 2020 - 0.17) pence per ordinary share. 
 
Investments held by the Company as at 30/6/20
 




Name


Number of shares


Share price 


Valuation




£


£




African Pioneer PLC


59,529,532


(see note 2)


47,185




BMR Group Plc (note 3) 


2,500,000


0.0000


-




Barkby Group Plc


23,237


0.2100


4,880




Bezant Resources Plc 


55,555,556


0.0012


66,667




Block Energy Plc


625,000


0.0215


13,438




Corallian Energy Limited (note 4)


20,000


        (see note 4)


15,000 




Galileo Resources plc


6,516,667


0.0074


48,223




Goldquest Mining Corp.


173,500


0.0980


17,003




Jubilee Metals Group PLC


1,169,600


0.0368 


43,041




Pantheon Resources


31,500


0.1378


4,341




Revelo Resources Corp.


21,667


                0.0592                   


1,283




Royal Dutch Shell Plc B shares


2,700


12.2400


33,048




WisdomTree Copper ETFS 


760


19.9701


15,177




 


 


 


 




Total Investments


 


 


309,286




 


 


 


 




 
 
 
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 holds interests in 5 basins in the UK: Central Graben, Inner Moray Firth, Viking Graben, West of Shetland and Wessex and operates in the private domain.  Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of £2.20 per share valuing the Company's holding at £44,000, a 50% provision has been applied against the original purchase cost and this investment has been valued at £15,000 as at 31 March 2020 given the current market outlook.
 
5)   Barkby Group Plc and Revelo Resources Corp. shares have been consolidated on 193 to 74 and 10 to 1 respectively (existing ordinary shares to new ordinary shares).   
.
6)   Cash funds held by the Company at 30 June 2020 amounted to £40,585.65. 
 
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 2020. 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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