NAV Update

RNS Number : 8429O

Tiger Resource Finance PLC

06 July 2010

 

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2010 was 3.57p per ordinary share. 

Investments held by the Company as at 30/06/10

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.0413	51,260
Aquarius Platinum Ltd	18,182	3.2830	59,692
Ascent Resources Plc	9,642,857	0.0350	337,500
ETFS Physical Platinum	2,250	101.04	227,340
Franconia Minerals Corp	475,733	0.2027	96,431
In-Solve Plc	625,000	0.0250	15,625
Minmet Plc	873,574	0.0100	8,736
Nautical Petroleum Plc	450,000	1.6550	744,750
Northern Petroleum Plc	294,118	0.9700	285,294
Pacific North West Capital Corp	566,500	0.0855	48,436
Sovereign Mines of Africa Plc	2,000,000	0.0650	130,000
Sunrise Resources Plc	665,000	0.0060	3,990
Tertiary Minerals Plc	1,330,000	0.0275	36,575
U3O8 Holdings Plc	4,166,666	0.0038	15,833
Vatukoula Gold Mines Plc	13,333,332	0.0198	264,000
Total Investments			2,325,462

Notes:

1) The Company reduced its holding in Ascent Resources Plc to 9.6M shares realising further profits from this investment in the second quarter.

2) Tiger made an investment of £100,000 in Sovereign Mines of Africa a junior resource company focused on unlocking mineral resource potential of the African continent while working in partnership with African governments.  An investment of £250,000 was also made in Northern Petroleum Plc, an oil and gas exploration, development and production company focused on the European Union and nearby areas.  Both investments are currently trading at a premium to Tiger's entry prices.

3) All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investment valuation as at 30 September 2010.

For further information please contact:

Colin Bird, CEO	Tel: [phone]
Michael Nolan, Director	Tel: [phone]

 

END

 

 

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