Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: Net Asset Value(s)
Released: 07:00 12-Oct-2012
Number: 5171O07



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 GBP Valuation GBP
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 58,500 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: +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