Investments held by the Company as at 31 December 2017 was 0.65 pence per ordinary share.

Name

Number of shares

Share price

Valuation

African Pioneer plc

529,532

(see note 2)

126,997

Anglo American plc

11,500

15.495

178,193

Ascent Resources plc

482,142

0.0140

6,750

Berkeley Mineral Resources plc

2,500,000

0.0163

40,750

Cabot Energy plc

294,118

0.0513

15,088

Duke Royalty Limited

20,000

0.3900

7,800

ETFS Physical Platinum

2,250

65.230

146,767

ETFS Copper

1,760

22.939

40,372

Galileo Resources plc

6,516,667

0.0133

86,672

Goldquest Mining Corp

173,500

0.2139

37,112

Jersey Oil and Gas plc

3,300

1.9150

6,319

Jubilee Metals Group plc

1,169,600

0.0380

44,445

MX OIL plc

400,000

0.0053

2,120

PanContinental Oil and Gas NL

611,813

0.0026

1,591

Pantheon Resources

31,500

0.6750

21,262

Papua Mining plc

230,000

0.0118

2,714

Revelo Resources Corp.

216,667

0.0133

2,882

Rex Bionics plc

6,250

-

-

Rockrose Energy plc

95,000

1.2700

120,650

Sovereign Mines of Africa plc

2,000,000

0.0027

5,400

Sunrise Resources plc

665,000

0.0018

1,197

Tertiary Minerals plc

1,330,000

0.0205

27,265

Total Investments

922,346


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 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. Rex Bionics Plc was suspended from trading on AIM on 30 May 2017 and subsequently cancelled on 3 July 2017 and hence has been carried at nil valuation.
     
  4. Cash funds held by the Company at 31 December 2017 amounted to £267,606.56
     
  5. 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 March 2018. The Company will disclose its investments on a quarterly basis when disclosing its PV.