Tiger Royalties And Inve... Share Discussion Threads

[vatattack] 16/1/2005 14:05

The Sunday Times - Business

January 16, 2005

AIM coal miner hires Cazenove
John Waples and Dan Box


ASIA ENERGY, one of the fastest-growing stocks on AIM, will this week appoint Cazenove and Evolution as its joint brokers. The move comes ahead of a $500m equity and debt fundraising at the end of this year to help finance production at its huge coal mine in Bangladesh, and a possible move to the main market. Barclays Capital is the group's financial adviser.

The new brokers will replace WH Ireland, which brought the company to market in April last year. Since then its share price has rocketed from 75p to 647p, valuing the firm at £248m.

The sharp rise means some of the founding directors hold valuable share options. The joint managing directors, Michael Frayne and David Lenigas, each hold option packages worth almost £4m at today's price. These will become exercisable in April 2009.

In the past week the group's share price has surged on the back of drilling reports that show the coal is of a higher grade than originally envisaged. The initial plan is to mine 15m tonnes a year.

One of the big beneficiaries of the rise in Asia Energy's share price has been RAB Capital, which owns 18% of the company. Another big investor is Cambrian Mining.

[johndee] 16/1/2005 02:11

I'm also waiting for TIR...had 250,000 at 2.25 pence for a long time now.....5 years I think. Seems that long anyway....so whats another year to wait for a proper profit.

[shedjock] 15/1/2005 23:59

Excellent, and I've got 235K of them at 2.45p

As much as I don't want to say it, and I'm touching wood right at this very moment......... I'm up substantially on almost everything, ARX, GFM, DEMG, AVG. Was just waiting for TIR to roar.... In for a bit longer I think then, although i was beginning to despair just a little. I nearly bloody sold them on Friay on a limit....... Phew.

That's put the kiss of death on it. Time to sell the missus again.

[shirishg] 15/1/2005 23:57

Post removed by ADVFN

[hamlette] 15/1/2005 23:22

Looking back at Bruce Rowan's comments in the Annual Report for 2003, he said:
"Our strategy for 2004 remains the same i.e. take profits where appropriate and invest in situations where the people, the project and the place offer above average returns. We remain committed to diversity in investment, type, commodity and country, believing that irrespective of market conditions, diversification is the best way to mitigate risk".

Coal certainly seems to have been the growth resource in 2004, and whilst Bruce has been quietly going about his business, others are now beginning to notice TIR; here is another post from the CBM Board - PKW 14 Jan'05
"TIR has not yet been properly noticed as another major beneficiary of coal re-valuations and other astute mining plays; share price time lagging(rather like the 24hr delayed reaction on AEN & CBM to the "quality" of coal RNS) and already has some substantial catching up to do. TIR looks a good candidate for anything between +50% and +100% re-rating even on current news/present NAV."

[hamlette] 15/1/2005 22:58

Looks like posters on the CBM Board have just woken up to the fact that TIR has shares and warrants in CBM equivalent to 2.7m shares. Hectorp is getting irritated by TIR distractions on the CBM board. so what have they been saying?

Yesterday pparkin405 posted the following on the CBM board:
"It looks like Tiger exercised another 50k at 20p, part of their 1.2m at 20p exercisable until 27/3/2007, a further 150,000 at 50p until 15/10/05 (although I think going by previous announcements may have exercised some), when all exercised if they haven't sold would hold 2.7 m shares. at an initial cost of £300k for the shares and warrants total outlay would be just shy of 500k, not a bad investment value at the mo £5.5m - 500k £5m paper profit, wish I could invest like that. Tiger must surely be about to roarrrrrrrrrrrrrrrrrrrrrrrrr?"

Based on the current CBM share price, the Tiger share price is covered by the NAV of CBM alone..............

[johndee] 15/1/2005 00:01

Hectorp is a nutter..................lol

[lizzie ii] 14/1/2005 12:20

TIR appear to have 1350000 CBM for which they paid just £300000. So buys going through at 2.4p currently, compared to NAV of 4.14p as at 31.12.04, a value bound to have increased since then.

So TIR a cheap way into CBM and other goodies.

[khalistan] 13/1/2005 11:19

CBM flying this morning.
RVD was up about 30% yesterday.
All good for the NAV.

Around 3 million in cash.
BR must be looking at some other investments.

[khalistan] 12/1/2005 19:44

Regency Mines and Mincorp due to be floated soon.
BR is involved.
Therefore we may see some action with the Tiger.

[ntv] 12/1/2005 18:22

about time you bought some more stock back br
this current valuation is ridiculous

[shedjock] 12/1/2005 14:32

Yes, I worked out that but conveniently forgot to take realisation tax into the equation. It works out at about 45% discount at the mo, mid-price.

[puffinmaster] 12/1/2005 14:18

So the latest NAV suggests that this is trading at something like a 65-70% discount - which is nice...

[pparkin405] 12/1/2005 12:05

river diamonds up 28% 3/4p x 6.6m, 3.3m warrants x 1.5p if exercised.that should boost the nav

[hamlette] 11/1/2005 19:26

Impressive increase in NAV from 2.65 on 30/6 to 4.14 on 31/12 (thats up 50%).

For those new to Tiger, it is worth re-posting some snippets from a feature story on Minesite dated 5/11/2004. Read the full article on:


"Tiger Resources was first listed in January 2001. Bruce Rowan became Chairman and CEO in the following spring and acquired his 19 per cent shareholding during that year. Tiger's first big deal after Rowan's arrival was typical. It set out to buy cheaply into loss-making South American gold explorer Minmet, acquiring a 6 per stake during 2002 and January 2003 for a total of £434,000, under 1.5p per share. By August last year, Minmet's finances and prospects had been transformed, mainly by buying into the Björkdal goldmine in Sweden. Tiger subsequently sold just over half its shareholding at 6.5p per share making a 4-times profit. At June 30 this year, Tiger's remaining 2.3 per cent holding in Minmet was still worth £541,616.

Foreseeing the slowdown in mining markets this summer, Tiger had built up a war-chest of £3.7million in cash by 30 June this year, greater than the £3.1million valuation of its investment portfolio. This is after the disposal of the company's remaining 195,000 shares in Ivanhoe Mines, in the books at a cost of £147,000 and sold for £657,347, a gain of 346 per cent. At June 30, Tiger's NAV was 2.65p per share and the company was sitting on unrealised gains of £1.5million on its 11-strong portfolio, including stakes in its biggest constituent, Cambrian Mining, plus River Diamonds and Ridge Mining which have all since risen strongly.

The rest of the portfolio consists of an eclectic collection of shares in African Eagle, Alamos Gold, Formation Capital Corp, Franconia Minerals, Gold Fields, Pacific North West and Tertiary Minerals plus assorted warrants. Tiger seems to have few boundaries and will acquire stakes in Gold Fields, one of the world's largest gold producers, just as easily as it will in OFEX-listed Franconia, a junior explorer for nickel, copper, PGMs and zinc. The common factor is the gains it reckons it can make; at June 30, Tiger's stake in Gold Fields had risen by 88 per cent over its cost and Franconia was 51 per cent up".

[dfgo] 11/1/2005 18:40

From m-n-yam tuesday press roundup
The Guardian
WHO'S DEALING: CAMBRIAN MINING (director buys 10,000 shares at 173p)

[shedjock] 11/1/2005 15:29

Oh yes.......... I'll try 45% then !

What do you think ?

[wolstencroft] 11/1/2005 13:34

shedjock - the discount is not 71% because TIR will have to pay tax if and when it sells its holdings - this will reduce NAV by about 1/2 to 3/4p

[shedjock] 11/1/2005 11:53

Thanx mate, question posted all over the place......... phew

Sheddy

[shedjock] 11/1/2005 11:34

Buffin, who has the sell note out on AVG ?

[shedjock] 11/1/2005 11:34

Buffin, who has the sell note out on AVG ?

[shedjock] 11/1/2005 11:32

Hopefully see some buying when it gets out !!