Tiger Royalties And Inve... Share Discussion Threads

[skyship] 10/8/2006 09:48

Ohimbo - Could you perhaps remove the above post - it has absolutely nothing to do with TIR - sometimes you get these rogue RNSs due to a shared epic symbol.

Buybacks will of course both underwrite the share price and increase the NAV. The question is, will there be any stock sold at this price for the shop to buy-in!

[Abuse team] 09/8/2006 09:51

Post removed by ADVFN

[forest100] 02/8/2006 22:38

catch this:

[hjs] 02/8/2006 21:48

Look at the graph, last year around aug/sept there was a big share buyback and I think the cycle will repeat again and share price will push up to 4p.

[ohimbo] 01/8/2006 14:12

As a holder, sounds fine to me tambien..............

[ccorton] 30/7/2006 15:10

Sounds fine to me - there is value in the company which isn't reflected in the price.

[metallica] 26/7/2006 17:48

Are they doing the share buyback to push up the price so they cash in their options? Since they have not manage to get any new major investors to buy into them.

[ohimbo] 26/7/2006 15:46

RNS Number:7520G
Tiger Resource Finance PLC
26 July 2006


Tiger Resource Finance plc ("Tiger" or the "Company")


The board of Tiger announces today that it intends to embark upon a share
buy-back programme as authorised by the Company's shareholders at its AGM held
on the 27 June 2006. The buy-back will not be limited to definitive blocks of
shares nor to a fixed period of time. The price paid per share may not exceed
20% higher than the average of the middle market quotations per share as derived
from the Alternative Investment Market of the London Stock Exchange for the
fifteen days immediately preceding the day on which the shares are purchased.

[ohimbo] 26/7/2006 15:46

Tiger Resource Finan Tiger Resource slips into loss in H1
LONDON (AFX) - Tiger Resource Finance PLC, which invests in oil and mining
companies, said it made a pretax loss of 29,048 stg in the six months to June
30, down from a profit of 293,620 in the same period last year.
The net asset value per share rose to 4.85 pence on June 30, up from 4.32
pence a year earlier and 4.77 pence on Dec 31. This is based on an increase in
the company's total assets of 0.3 mln stg to 9.7 mln stg on June 30 compared to
12 months earlier.
Chairman Bruce Rowan said that stock market activity during the period had
been volatile due to precious and base metal prices reaching all-time highs,
resulting in a severe correction in May. June saw commodity prices recovering,
and some improvement in the share prices.
The company said it is confident about the mid-term outlook since it feels
that a major discovery in base metals is overdue and it will continue to seek
out junior metal explorers with potential.

[reddub1] 24/7/2006 20:17

thanks for that traderabc

[traderabc] 24/7/2006 12:13

Because they hold very illiquid stock that couldn't be sold to achieve the NAV,ie if they tried to sell their holdings they would drive down the price,so the NAV is theoretical,the market therefore values the company below that value.

[reddub1] 23/7/2006 17:39

Hi, am new to this and my first time to post here - have been reading previous comments with interest as I have a few of these. Can anyone help me understand why the shares are trading at such a discount to the NAV? Thanks

[smilewithme] 15/7/2006 17:28

Hi All,

Could Franconia's Birch Lake/ Maturi be worth a US Billion Dollars? (And with FRA's market cap still around 13 million pounds, just imagine what might happen when the imminent joint study is released)


Excellent new post on StockHouse from Fortyniner, which sets out that FRA's Birch Lake plus Maturi NPV could be worth even more than we had thought, at current high metals prices:-

smilewithme

"I and Smilewith me have previously posted that a likely NPV for Birch Lake and Maturi combined could be somewhere in the region of half a billion US dollars. That however would be at copper-nickel prices of about half the current prices, and at platinum and palladium prices of about a quarter and third less than current prices, (and at certain discount rates). Application of current metals prices could potentially give a NPV of several times that half a billion figure."

[topvest] 15/7/2006 08:28

shawzie - oh yes, my mistake. NAV flat. Still, that's ok given market volatility. I keep wondering on this one what they are going to do with all the cash on the balance sheet. It's not like Starvest at all - nowhere near as active and has made only a couple of acquisitions over the last couple of years. Most of the NAV gains have come from modest investments in Ascent Resources, Neptune and Cambrian Mining (now sold).

[shawzie] 14/7/2006 09:55

topvest
The unaudited portfolio value (PV) per share (based on investments and cash
only) at 31 March 2006 was 4.94p per share.

[crazy russian] 12/7/2006 17:25

can see portfolio from post above but am I wrong in thnking that Bruce bought a lot of Eurasia mining a couple of months ago?

[topvest] 11/7/2006 22:12

Impressive increase in NAV since the last anouncement given recent market volatility.

[ohimbo] 11/7/2006 11:22

NAV Update



The unaudited portfolio value (PV) per share (based on investments and cash
only) at 30 June 2006 was 4.92p per share.



All future reporting will be made on a quarterly basis and accordingly the next
announcement will disclose the portfolio value per share as at 30 September
2006.

Looks very cheap on that discount to nav about 33%.......

[kombimatec] 07/7/2006 17:58

Stock Holding GBP CAD GBP Total

AFE 1241174 0.11 0.11 136529
Almos 106293 8.82 4.29 455541
Ascent 29093406 0.115 0.115 3345742
Formation 2025000 0.305 0.15 300109
Fran Ofex 333333 0.36 0.36 120000
Fran TSX 625000 0.82 0.40 249028
Goldfields 10500 107502
Minmet 17471488 0.006 0.006 104829
NPE 9000000 0.1175 0.1175 1057500
Pacific 566500 0.37 0.18 101849
Pan Afr 3333333 0.0525 175000
Ridge 100000 0.35 0.35 35000
River 8144207 0.0075 0.0075 61082
Sunrise 665000 0.0275 0.0275 18288
Tertiary 1330333 0.095 0.095 126382

MIT Vent 40000
6434380 6434380

Tax Dec-05 -1099856
Cash Dec-05 3748313 3748313
10182693 9082837


NAV 0.488 0.435
Current 0.03 Discount 43% 37%

[kombimatec] 07/7/2006 14:03

Starvest have already confirmed they qualify for the excellerated taper capital gains tax relief so hopefully Tiger will shortly do same. If this is the case and they do qualify holding Tiger shares more than 2 years will result in only 10% CGT assuming existing the individuals zero allowance has been fully utilised. Expect end of June NAV will be published today, Monday or some time soon.

[sassi] 07/7/2006 13:01

Have bought 25000 TIR share at 2p 3 years ago
hope time come te see sharp rise in the share price.
so I can at last take some profit,orbetter towait. any commemt from any one.
thanks.

[smilewithme] 06/7/2006 20:01

integer,

according to FRA website:



Management 13%
Starvest PLC (AIM) 10%
Tiger Resource Finance (AIM) 3%
Sentry Select 4%
J. Perrone 10%
Others 60%

They would have bought shares at 2.33p but after 1 for 5 consolidation price would have been 11.65

FRA I believe is only share held by Bruce Rowan's StarVest and Tiger.

Suggest you check Tiger web site for more info. I am FRA shareholder since I prefer to invest in them directly for the tremendous upside. I dont hold Tiger.

Good luck

Smilewithme

[integer] 06/7/2006 18:51

how many fra shares do tir have and at what cost?

[smilewithme] 06/7/2006 08:10

All,

Congratulations to Tiger Holding - Franconia who rose another 13% closing at 94 cents (46p) in Toronto hitting a new high! Again volumes were high, nearly 400,000.

The price even hit one dollar (49p).

On OFEX yesterday, there was no volume at all and the price was 35p to buy (72 cents)

It will be interesting to see what happens on OFEX this morning (Thursday). Whatever happens this is a buying opportunity.

And just wait to see what happens when some of the imminent news is released.

However, all of this confirms that Franconia are likely to move to a bigger exchange in the future – AIM, or AMEX? where the volumes will be higher and more investors have the chance to get involved.

smilewithme