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NAV Update - Net Asset Value(s)

Tiger Resource Finance plc
('Tiger' or 'the Company')
NAV Update

The unaudited portfolio value (“PV”) (based on investments and cash only) at 30 September 2015 was 1.09 pence per ordinary share.

Investments held by the Company as at 30 September 2015.

Name
Number of Shares
Share Price £
Valuation £
African Pioneer PLC 59,529,532 (see note 2) 235,291
Anglo American PLC 11,500 5.50900 63,353
Ascent Resources PLC 9,642,857 0.00120 11,571
Aurum Mining PLC 8,333,333 0.00880 73,333
Duke Royalty Limited 20,000 0.62500 12,500
ETFS Physical Platinum 2,250 51.6600 116,235
Galileo Resources plc 10,416,667 0.01730 180,208
Jersey Oil and Gas Plc 3,300 0.17250 569
Jubilee Platinum PLC 1,169,600 0.03250 38,012
MX OIL PLC 400,000 0.02450 9,800
New World Oil and Gas PLC 5,000,000 0.00053 2,650
Northern Petroleum PLC 294,118 0.03880 11,411
PanContinental Oil and Gas NL 885,714 0.00184 1,630
Papua Mining PLC 230,000 0.02750 6,325
Revelo Resources Corp. 216,667 0.03933 8,522
Rex Bionics PLC 6,250 0.50000 3,125
Sovereign Mines of Africa Plc 2,000,000 0.00260 5,200
Sunrise Resources PLC 665,000 0.00275 1,829
Tertiary Minerals PLC 1,330,000 0.03120 41,496
Xtract Resources PLC 50,000,000 0.00250 125,000
Total Investments    
948,060

 

Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each (“Ordinary shares”) being the Company’s issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
  2. African Pioneer PLC (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 30 September 2015 quarterly PV.
  3. Trap Oil Plc shares have been consolidated on the basis of 1 New Ordinary share for every 100 existing shares and the company has been re-named Jersey Oil and Gas Plc
  4. Cash funds held by the Company at 30 September 2015 amounted to £556,670.
  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 December 2015. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Tiger Resource Finance Plc
Bruce Rowan, Chairman                                              Tel: +44 (0)207 486 3997
Raju Samtani, Director                                                  Tel: +44 (0)207 581 4477

finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson                        Tel: +44 (0)207 220 0500



 

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