Tiger Royalties And Inve... Share Discussion Threads

[curt3] 04/5/2011 10:51

Can you imagine a Tiger board meeting ? How long would it last ? " Hi guys -anything to report ? NO. Anything we should buy ? NO. Anything we should sell ? NO. Arewe ok for funds to cover our management fees ? (everyone grins) no problems there mate ! Any other business ? NO. OK meeting closed."

[traderabc] 30/4/2011 14:04

'Surely this is the logical and moral thing to do.'



Exactly, that's why they will carry on running this outfit as they have in the past, with no change anytime soon.
I think we should all go along to the AGM, get up close and personal and give them a day to remember.

[curt3] 30/4/2011 10:49

Change of name required !! This is NO TIGER !! It has no roar, no bite, no hunger. Its actually a DOG - in fact a sleeping dog. The market knows that you "let sleeping dogs lay" - that is why noone is interested in our shares - except for the odd company buy-back. Please wind this dog up and return capital to us. Wewould get about 4p a share. Surely this is the logical and moral thing to do.

[fordtin] 13/4/2011 19:15

"Details of shareholdings as at 31st March 2011

Ordinary Shares in Issue: 202,071,939

Shares held in Treasury: 4,500,000"




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I thought they were supposed to have cancelled 25 million of the treasury shares. Why are there still 202,071,939 shares in issue?


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"Tiger Resource Finance Plc ("the Company" or "Tiger") announces that it has cancelled 25 million shares of 1p each ("Ordinary Shares") held in treasury on 1 March 2011.

Following the above, the Company continues to hold 4.5 million Ordinary Shares in treasury ("Treasury Shares"). The number of Ordinary Shares in issue (excluding Treasury Shares) following the above, and the figure to be used as the denominator for calculations of interests in the Company's voting rights, remains unchanged at 172,571,939 Ordinary Shares."

[curt3] 11/4/2011 11:54

as i write, the website dos not even have the latest Nav declaration on it!! Its pathetic !!

[curt3] 11/4/2011 11:17

I had a long chat to BR which proved to be almost word for word the same as one I had with him over ayear ago. Unfortuneatly he feels that the company is performing very well and seems to be in complete denial as to our concerns re the enormous share price discount to NAV. Ive given up trying to understand the companys strategy.

[simon cawkwell] 10/4/2011 17:30

Gentlemen,

I would just mention that BR has yet to come back to me with a proposed date to make up for the 11th March cancellation.

Simon Cawkwell

[fordtin] 09/4/2011 11:37

Skyship - I didn't sign up either because I decided to sell and put the proceeds into a company which is actively trying to increase shareholder value.

I had intended to buy back in, even at a higher price, if the NAV update proved to be worthy. However, I'm glad that I sold because one tiny investment in Dominion really wasn't worth waiting for.
I've updated the spreadsheet in the header to keep an eye on the NAV, but it would have to make a considerable increase for me to be tempted before the next update.

Good luck to all shareholders, I'll be very happy for you all if I miss the boat.

[skyship] 09/4/2011 11:20

Wiiteklip - haven't signed up as not currently a holder. Will do so immediately if that changes...

Obviously ALL holders should sign up and pledge their stock to the campaign.

[curt3] 09/4/2011 11:14

Another hyperactive quarter !!! one piddling investment in Dominion !! well done BOD - £4M cash pile remains intact - great result !! are we going to get a dividend ??? HA! HA!

[fordtin] 08/4/2011 09:37

"1) Tiger has acquired 2.4 million shares in Dominion Petroleum Ltd ("Dominion"), an independent oil and gas exploration company operating in Africa with assets covering highly prospective acreage in Tanzania, Uganda and the Democratic Republic of Congo.


2) Duluth Metals Ltd ("Duluth") acquired all of the issued and outstanding common shares of Franconia Minerals Corporation ("Franconia") in a transaction valued at approximately 77 million Canadian Dollars. Tiger received 75,632 common shares in Duluth and a cash consideration of 220,906 Canadian Dollars for the shares it held in Franconia Minerals Corporation. "

[curt3] 30/3/2011 10:56

Can you imagine a Tiger board meeting ??? Hi guys - anything to report ? Not really, just the usual shareholders whinging about the share price and lack of communication. Right, lets move on. Anything we should sell? No. Anything we should buy ? No. Are we ok for funds to cover our management fees ? Yep, no problem there !! (all laugh). Well, see you again next month. Meeting closed.

[adam] 24/3/2011 11:30

Must have lost £400k on AST. What reason for the company to exist if you can't make money in a mining and oil boom? They also have large holdings in VGM and NPE and both of those performing poorly too.

[traderabc] 24/3/2011 11:19

it would be in everybodys interest to wind this sleeper up


Of course curt3, but how would the management get their huge rewards for doing very little?

[curt3] 24/3/2011 11:02

surely it would be in everybodys interest to wind this sleeper up and put us out of our misery. We would all get about 4.5p per share and could make our own investments therafter.

[witteklip] 22/3/2011 19:52

curt3 - 22 Mar'11 - 14:46 - 1416 of 1416

Re: "Its pathetic really !! "

Agreed. Management have proved to be poor communicators and appear to sail very close to the wind as far as AIM rules are concerned. From previous posts on numerous B.B.s and threads, there appears to have been several recorded rule violations - these could be key to holding the management to account and releasing shareholder's value.

"Once admitted to AIM, companies must provide certain information to the market on a regular basis and specifically upon the occurrence of certain events. To ensure that the market is kept fully informed, AIM companies are obliged, in principle, to make similar ongoing disclosures to those required by companies on the Official List.

There is an overriding obligation to ensure communication between the company and the market (including shareholders) and to ensure that the market is aware of the financial position of the company and its prospects." ~

Of course poor communication is just one area of concern... We have the benefit of being able to compare some of these director's performances in other companies and situations it is clear that they are not incompetent or incapable. So, are they perhaps negligent and failing in their duty as far as Tiger is concerned? If so, that needs to be proved and addressed.

It seems that TIR's supposed 'managers' will only co-operate with shareholders when absolutely necessary. It is possible, and some say likely, that they will continue to delay confrontation and satisfactory remedy... If so, a legal route may be an effective solution but there are also other forms of less conventional direct action available to us. Organisation coupled with unorthodox action may be more effective than costly litigation - particularly if the media are persuaded to get involved.

For now TIR's keepers have the benefit of a Close Period as an excuse - S.C. wants to give them the benefit of any doubt. Many might prefer to apply 'tar and feathers' or well aimed 'pitchforks', but Simon has a track record that deserves respect and he's our batsman.

P.S. Another possibility for the recent delay is that the accounts will be particularly good - and resolutions to address all issues of concern will be made. i.e. a satisfactory solution is already in the making.

[underperformer] 09/3/2011 19:00

Perhaps we can ask why SVE is being managed so actively and well, and further on the REM and LEG positions Mr Rowan is taking. It seems so odd that TIR should be shunted to one side.

I look forward to hearing more in time.

[simon cawkwell] 09/3/2011 17:51

Gentlemen,

I advise that Bruce Rowan has cancelled his appointment with me set for 11th March pending preparation of TIR's accounts. This may take three weeks.

However, I am to receive a copy of the register of shareholders and the meeting will be expanded to include Mr Nolan. I shall keep shareholders informed.

Simon Cawkwell

[witteklip] 01/3/2011 17:19

curt3 - 1 Mar'11 - 15:40 - 1411 of 1411

Re: "surely there would have been some benefit in taking short term positions in this very active market over the past 2 years."

Curt - I believe that B.R. agrees with you because he does take positions - but for some inexplicable reason does not appear to be able to apply the benefit of his decision making to Tiger despite having a strangle hold on the company.

On another TIR thread Simon Caldwell pointed out the position Rowan took on ZEST (now Rare Earth Minerals) 100m at 0.15p which when Simon posted were at 1.1p

So Rowan appears to still have the ability to research and take decisions on investments for his own benefit but we long suffering shareholders at TIR are left in the cold.

I have copied Simon's post from the other thread below.


"Simon Cawkwell - 16 Jan'11 - 13:14 - 80 of 120

Gentlemen,

I would add that Bruce Rowan personally bought 100m ZEST (now Rare Earth Minerals) at 0.15p about eight weeks ago. These have been circa 1.5p and are currently 1.1p. It is true that I think REM should really be 0.5p or lower (I traded them from 0.45p to 0.55p). But one must ask oneself why, if REM were to hand at 0.15p, TIR did not take a suitable tranche. This failure by TIR is not right or just.

Simon Cawkwell"

[curt3] 01/3/2011 15:40

Dear Bruce Rowan. PLEASE , what is the point of sitting on £4M of cash for the past 2 years with interest rates at zilch!! What is the point!! If we shareholders wanted our cash to be protected we would have invested in a building society. You told me you are an honest man. Can you now be honest and admit that your Boards performance has been abysmal, pathetic and negative. Are you at that age when you find it impossible to make a decision ?? If so , then please abdicate your position. There is no point in me writing to to you as I have had no responses from Bird or Samtani. Perhaps you are all waiting for THE BIG ONE !! You are good at waiting!! But surely there would have been some benefit in taking short term positions in this very active market over the past 2 years. PLEASE, could justify your inactivity ?? We shareholders are entitled to some explanation.

[metallica] 28/2/2011 16:16

To BR set Tigger free!

[witteklip] 26/2/2011 14:40

topvest - 23 Feb'11 - 20:56 - 1407

Thanks for that.

I am also told that shareholders can agree to transact shares between themselves via their brokers. e.g. agree a midmarket price between themselves and then request their brokers to undertake the transaction - thereby cutting out the market-maker.

[witteklip] 26/2/2011 14:36

To the Tiger Rebels,

[e-mail] crashed on Wednesday/Thursday and may be irrecoverable. So, please communicate with the new e-mail account [e-mail]
("tag"for Tiger Action Group)

The crash occurred while I was sending a message to you all and which you may not have received. If you did receive the mail and replied then please resend your reply to [e-mail] (And any other correspondence you may have sent to [e-mail] on or after Wednesday 23rd February).

I have resent the gist of the original message to a list of contacts I had fortunately listing separately - But if you do not receive it then I am afraid that I have lost your email address in which case please re-contact me at [e-mail])

All the best,

(Tiger Investor)
~ [e-mail]

P.S. Any one fed up with the Tiger Resource finance has been run are welcome to join the Tiger Action Group - We're looking to recover the true value of our investment and force a change in the company's management for the better.