Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: Net Asset Value(s)
Released: 12:07 15-Jan-2013
Number: 5846V12



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

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2012 was 3.07 pence per ordinary share.

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

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 .02125 26,375
African Pioneer Plc 57,000,00 (see note 2) 210,000
Anglo American Plc 11,500 18.94000 217,810
Astar Minerals Plc 4,000,000 .01050
(see note 3)		 42,000
Aurum Mining Plc 8,333,333 .03625 302,083
Ascent Resources Plc 9,642,857 .00900 86,786
BP Plc 58,500 4.25800 246,964
ETFS Physical Platinum 2,250 91.84700 206,656
Jubilee Platinum Plc 1,169,600 .08250 96,492
New World Oil and Gas Plc 5,000,000 .09125 456,250
Northern Petroleum Plc 294,118 .53000 155,883
PanContinental Oil and Gas NL 885,714 .05867 51,965
Papua Mining Plc 230,000 .81000 186,300
Petroceltic International Plc 1,666,000 .07000 116,620
Praetorian Resources plc 400,000 .40500 162,000
Sovereign Energy Plc 40,000,000 (see note 2) 40,000
Sovereign Mines of Africa Plc 2,000,000 .04000 80,000
Sunrise Resources Plc 665,000 .00775 5,154
Taipan Resources Inc 310,000 .20794 64,461
Trap Oil Plc 330,000 .16500 54,450
Tertiary Minerals Plc 1,330,000 .05750 76,475
U3O8 Holdings Plc 4,166,666 .00330 13,750
Union MedTech Plc 625,000 0.015 9,375
Vatukoula Gold Mines Plc 150,000 .24750 37,125
Wentworth Resources Ltd 220,000 .37735 83,017
Xtract Energy plc 344,827,584 .00145 500,000
Total Investments

3,527,991

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. An investment of £100,000 was made in Jubilee Platinum plc during the quarter ended 31 December 2012. Investments of £210,000 and £40,000 respectively were also made in African Pioneer Plc (now quoted on ISDX) and Sovereign Energy Plc. These investments relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 31 December 2012 quarterly PV.
     
  3. The investment in Astar Minerals Plc is carried at the market price on 12 November 2012 being the date when the stock was suspended from trading on AIM.
     
  4. Cash funds held by the Company at 31 December 2012 amounted to £715,674.
     
  5. 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 2013. 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