Net Asset Value(s)

RNS Number : 5171O

Tiger Resource Finance PLC

12 October 2012

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2012 was 3.37 pence per ordinary share. 

Investments held by the Company as at 30/09/12

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources Plc	1,241,174	0.033	40,959
Anglo American Plc	11,500	18.170	208,955
Astar Minerals Plc	4,000,000	0.013	52,000
Aurum Mining Plc	8,333,333	0.024	200,000
Ascent Resources Plc	9,642,857	0.016	154,286
BP Plc	58,000	4.365	253,170
ETFS Physical Platinum	2,250	99.686	224,294
New World Oil and Gas Plc	5,000,000	0.113	565,000
Northern Petroleum Plc	294,118	0.668	196,471
PanContinental Oil and Gas NL	885,714	0.064	56,686
Papua Mining Plc	230,000	0.570	131,100
Petroceltic International Plc	1,666,000	0.071	118,286
Praetorian Resources plc	400,000	0.483	193,200
Sovereign Mines of Africa Plc	2,000,000	0.053	106,000
Sunrise Resources Plc	665,000	0.014	9,310
Taipan Resources Inc	310,000	0.210	65,100
Trap Oil Plc	330,000	0.183	60,390
Tertiary Minerals Plc	1,330,000	0.056	74,480
U3O8 Holdings Plc	4,166,666	0.003	12,500
Union MedTech Plc	625,000	0.015	9,375
Vatukoula Gold Mines Plc	150,000	0.396	59,400
Wentworth Resources Ltd	220,000	0.415	91,300
Xtract Energy plc	344,827,584	0.00255	879,310
Total Investments			3,761,572

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 million Ordinary shares held in treasury.

2)   The following investment were made in the quarter ended 30 September 2012:

Praetorian Resources plc - £200,000

Taipan Resources Inc - £98,262

Xtract Energy plc - £150,000.

3)   Cash funds held by the Company at 30 September 2012 amounted to £904,289.

4)   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 2012. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman	Tel: [phone]
Raju Samtani, Director	Tel: [phone]

 

END

 

 

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