Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: Net Asset Value(s)
Released: 05-Apr-2012 08:49
Number: 8992A08



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

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2012 was 3.83 pence per ordinary share.

Investments held by the Company as at 31/03/12

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.056 69,506
Aurum Mining Plc 8,333,333 0.034 283,333
Ascent Resources Plc 9,642,857 0.032 308,571
ETFS Physical Platinum 2,250 101.3 227,925
Nautical Petroleum Plc 136,502 3.175 433,394
New World Oil and Gas Plc 5,000,000 0.087 435,000
Northern Petroleum Plc 294,118 0.892 262,353
Ophir Energy Plc 58,560 5.075 297,192
Papua Mining Plc 230,000 0.565 129,950
Pan Pacific Aggregates Plc 4,000,000 0.025 100,000
Sovereign Mines of Africa Plc 2,000,000 0.080 160,000
Sunrise Resources Plc 665,000 0.013 8,645
Tertiary Minerals Plc 1,330,000 0.071 94,430
U3O8 Holdings Plc 4,166,666 0.004 16,667
Union MedTech Plc 625,000 0.031 19,375
Vatukoula Gold Mines Plc 150,000 0.620 93,000
Total Investments

2,939,341

Notes:

  1. The above PV calculation is based on 122,571,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 127,071,939 Ordinary shares less 4,500,000 million Ordinary shares held in treasury.
     
  2. The Company received 58,560 Ordinary shares in Ophir Energy Plc ("Ophir") following the takeover of Dominion Petroleum Plc by Ophir. Investments of GBP 100,000 and GBP 101,200 were made in Pan Pacific Aggregates Plc and Papua Mining Plc respectively during the quarter. In-Solve Plc changed its name to Union MedTech Plc.
     
  3. Cash funds held by the Company at 31 March 2012 amounted to GBP 1,760,954.
     
  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 30 June 2012. 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) 207 486 3997
Raju Samtani, Director   Tel: +0044 (0) 777 594 6676