Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: NAV Update
Released: 12:44 07-Jan-2011
RNS Number: 1124Z12



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

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2010 was 4.68p per ordinary share.

Investments held by the Company as at 31/12/10

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.1200 148,941
Aquarius Platinum Ltd 18,182 3.5200 64,001
Ascent Resources Plc 9,642,857 0.0913 880,393
ETFS Physical Platinum 2,250 111.12 250,020
Franconia Minerals Corp 475,733 0.5496 261,463
In-Solve Plc 625,000 0.0550 34,375
Minmet Plc 873,574 0.0100 8,736
Nautical Petroleum Plc 150,000 3.9600 594,000
Northern Petroleum Plc 294,118 1.0900 320,589
Pacific North West Capital Corp 566,500 0.0808 45,773
Sovereign Mines of Africa Plc 2,000,000 0.1075 215,000
Sunrise Resources Plc 665,000 0.0598 39,767
Tertiary Minerals Plc 1,330,000 0.0725 96,425
U3O8 Holdings Plc 4,166,666 0.0100 41,667
Vatukoula Gold Mines Plc 266,667 2.0100 536,001
Total Investments

3,537,151

Notes:

  1. Vatukoula Gold Mines Plc ("Vatukoula") consolidated its ordinary shares with 1 new share issued for 50 previously held ordinary shares resulting in Tiger holding 266,667 Vatukoula shares at 31 December 2010.
  2. The investments held by the Company performed well with investments (excluding cash) reflecting an increase of 44% in the quarter ended 31 December 2010.
  3. 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 2011. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman Tel: +0044 (0) 20 7486 3997
Raju Samtani, Director   Tel: +0044 (0) 20 7581 4477

This information is provided by RNS
The company news service from the London Stock Exchange

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