Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: Net Asset Value(s)
Released: 07:00 11-Jul-2012
Number: 3665H07



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

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2012 was 3.19 pence per ordinary share.

Investments held by the Company as at 30/06/12

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.030 37,235
Anglo American Plc 11,500 20.88 240,120
Aurum Mining Plc 8,333,333 0.029 241,667
Ascent Resources Plc 9,642,857 0.023 221,786
BP Plc 58,500 4.219 246,812
ETFS Physical Platinum 2,250 89.34 201,015
New World Oil and Gas Plc 5,000,000 0.100 500,000
Northern Petroleum Plc 294,118 0.650 191,177
PanContinental Oil and Gas NL 885,714 0.113 100,086
Pan Pacific Aggregates Plc 4,000,000 0.019 76,000
Papua Mining Plc 230,000 0.465 106,950
Petroceltic International Plc 1,666,000 0.065 108,290
Sovereign Mines of Africa Plc 2,000,000 0.049 98,000
Sunrise Resources Plc 665,000 0.065 43,225
Trap Oil Plc 330,000 0.188 62,040
Tertiary Minerals Plc 1,330,000 0.061 81,130
U3O8 Holdings Plc 4,166,666 0.003 12,500
Union MedTech Plc 625,000 0.020 12,500
Vatukoula Gold Mines Plc 150,000 0.285 42,750
Wentworth Resources Ltd 220,000 0.469 103,180
Total Investments

2,726,463

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 Nautical Petroleum Plc and Ophir Energy Plc investments were disposed in the quarter realising gains of £398,429 and £153,732 respectively. Investments of £250,000 were made in Anglo American Plc and BP Plc and investments of £100,000 were made in Petroceltic International Plc, Wentworth Resources Ltd, Trap Oil Plc and PanContinental Oil and Gas NL during the quarter.
     
  3. Cash funds held by the Company at 30 June 2012 amounted to £1,680,498.
     
  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 September 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

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