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NAV Update - Net Asset Value(s)

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

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2014 was 1.91 pence per ordinary share.

Investments held by the Company as at 30/06/2014

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.00340 4,220
African Pioneer Plc 57,000,002 (see note 2) 210,000
Anglo American Plc 11,500 14.30000 164,450
Ascent Resources Plc 9,642,857 0.00750 72,321
Astar Minerals Plc 4,000,000 0.01650 5,000
Aurum Mining Plc 8,333,333 0.02500 135,417
ETFS Physical Platinum 2,250 84.09091 189,205
Jubilee Platinum Plc 1,169,600 0.01525 17,836
New World Oil and Gas Plc 5,000,000 0.00650 32,500
Northern Petroleum Plc 294,118 0.25625 75,368
PanContinental Oil and Gas NL 885,714 0.01275 11,293
Papua Mining Plc 230,000 0.22500 51,750
Petroceltic International Plc 66,640 1.59000 105,958
Polar Star Mining Corp 833,333 0.03580 29,833
Praetorian Resources plc 400,000 0.12000 48,000
Rex Bionics PLC 6,250 (see note 6) 11,219
Sovereign Energy Plc 40,000,000 (see note 3) -
Sovereign Mines of Africa Plc 2,000,000 0.00975 19,500
Sunrise Resources Plc 665,000 0.00475 3,159
Trap Oil Plc 330,000 0.08875 29,288
Tertiary Minerals Plc 1,330,000 0.05500 73,150
U3O8 Holdings Plc 4,166,666 (see note 5) -
Vatukoula Gold Mines Plc 150,000 0.02300 3,450
Wentworth Resources Ltd 220,000 0.46725 102,795
Xtract Energy plc 344,827,584 0.00235 810,345
Total Investments

2,207,657

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 Ordinary shares held in treasury.
     
  2. The investment of £210,000 in African Pioneer PLC (quoted on ISDX) relates to a company incubated by Tiger and is carried at cost for the purpose of computing the 30 June 2014 quarterly PV.
     
  3. The investment of £40,000 in Sovereign Energy PLC has been written off at 31 December 2013.
     
  4. Cash funds held by the Company at 30 June 2014 amounted to £428,911.22
     
  5. The investments in U308 Holdings Plc have been marked down to nil whilst the company is suspended from trading on ISDX.
     
  6. Following the reverse takeover of Rex Bionics Limited (New Zealand) by Union Medtech Plc, Union Medtech has changed its name to Rex Bionics PLC.
     
  7. 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 2014. 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




 

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