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RNS Number: 6897E
Tiger Resource Plc
5th July 2019

Tiger Resource Plc
('Tiger' or 'the Company')
NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2019 was 0.37 pence per ordinary share.

Investments held by the Company as at 30/06/19

Name

Number of shares

Share price

Valuation

African Pioneer plc

59,529,532

(see note 2)

52,226

Anglo American plc

11,500

22.445

258,117

BMR Group Plc (note 3)

2,500,000

0.000

-

Barkby Group Plc

60,606

0.0475

2,879

Bezant Resources Plc

55,555,556

0.0009

50,000

Block Energy Plc

625,000

0.1000

62,500

Corallian Energy Limited (see note 4)

20,000

1.5000

30,000

ETFS Copper

1,760

19.702

34,676

Galileo Resources plc

6,516,667

0.0051

33,235

Goldquest Mining Corp

173,500

0.0812

14,088

Jubilee Metals Group plc

1,169,600

0.0333

38,948

Pantheon Resources

31,500

0.2125

6,694

Revelo Resources Corp.

216,667

0.0120

2,600

Royal Dutch Shell Plc B shares

2,700

25.810

69,687

Total Investments

655,650


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 June 2019 amounted to £29,123.67
     
  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 2019. The Company will disclose its investments on a quarterly basis when disclosing its PV.
     

For further information please contact:

Tiger Resource Plc
Raju Samtani, Finance Director +44 (0) 207 581 4477

Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/ Felicity Geidt +44 (0) 207 628 3369
Email: corpfin@bcornish.co.uk

Novum Securities Limited (Broker)
Jon Belliss +44 (0)20 7399 9425