Tiger Royalties And Inve... Share Discussion Threads

[skyship] 02/2/2007 14:27

Smilewithme - so how do we value the FRA holding do you think? Do we just combine the two holdings?

Perhaps no real way of knowing until we see the statement with the Finals, which hopefully will not be as late as they were last year. 6th June for a 31st Dec yr end was not good.

There is also the matter of the expired Franconia warrants to consider. Did Bruce cash them in or take them up I wonder.

Think I'll try contacting him. He has been very understanding and approachable in the past.

Incidentally, NAV now 5.61p...........and counting (as they always say in the best bond movies!)

[smilewithme] 02/2/2007 00:17

Skyship

"We also hold 333,333 FRA shares on OFEX – suspended at the moment but reportedly headed to AIM."

As ccorton said, FRA are now only quoted on the TSX-V, which is the junior Toronto Exchange and going nowhere near AIM, thank goodness.

They will actually be moving up to main Toronto Exchange TSX soon and may list on AMEX later on in the year.

After retrace last few days, we saw some serious institutional buying Thursday ie. 100,000 on the bid at $1.76, then moved up to $1.80 so something's coming.....

:-)

[skyship] 31/1/2007 08:33

On my spreadsheet, with AST @ 13p the NAV rises to 5.49p. That could be conservative as at the moment I take no increase from interest on the cash nor buyback gains since 30/06/2006.

[sheeneqa] 30/1/2007 15:12

Must say I sold into the rise with AST, but still hold TIR which is looking like a bargain with that hefty discount to NAV.......

[ccorton] 30/1/2007 14:54

Yes - Franconia have given up their ofex listing and are now only quoted on the TSX.

[skyship] 29/1/2007 15:55

Duplicate post edited out....

[skyship] 29/1/2007 15:54

Ascent Resources (AST) is the largest holding in the TIGER RESOURCES (TIR) share portfolio; and today's RNS by Ascent – see below – has added 10% to that stock. In doing so it has added c.3.2% to Tiger's NAV. As a rule of thumb, each 1p rise in AST is worth 0.145p to the TIR Net Asset Value.



As I stated the other day, in the light of Dec'06 falls in its two largest holdings, Ascent Resources (AST) & Nautical Petroleum (NPE), I was impressed with TIR's 31st Dec'06 NAV of 4.85p.

My spreadsheet of the likely current NAV, calculated from current published information, is 5.37p. Other than AST, we have two other winners in January, both in Canada: Formation Capital (up 38%:- 2.025m shares now worth £510/-); and Smilewithme's Franconia (up 39%: 625/- shares now worth £562/-). We also hold 333,333 FRA shares on OFEX – suspended at the moment but reportedly headed to AIM.

TIR are now moving ahead again, however with the NAV increase, the discount @ 3.5p is still 35%.

[smilewithme] 24/1/2007 21:10

Congratulations Franconia!

Closing high in Canada at Cdn$ 1.99 (86p)

Up from 21 cents (9p) in January.

Guess that makes them nearly a ten bagger this year!

[smilewithme] 24/1/2007 20:55

Update for Tiger on Franconia Minerals who are soaring in Canada - up 50% in a week!

Brian Gavin boss, has spent a week or so presenting to investors.

Why did they get so excited? Well it seems that FRA feel that their share price should be Cdn$12.80, based on comparisons with POM....

Although presentation shows Cdn$1.30, those investors pushed the price up over $1.80.

And, it looks like we are still in multi-bagger territory!

January 2007 Presentation is at

smilewithme

[skyship] 23/1/2007 10:34

By no stretch of the imagination might TIR be considered a charting stock - I post the chart merely as a visual aid to where we are now.

IMO the 31st Dec'06 NAV of 4.87p was a no mean feat in view of the December retreat in the two largest holdings - AST & NPE. And with the buybacks continuing when any reasonable line of stock presents itself, an share price of c.3.3p presents a good opportunity to accumulate @ a c.30% NAV discount.

The current price could be considered a risk free play on a likely recovery in the share price of both those two oil explorers.

[sheeneqa] 15/1/2007 07:12

RNS Number:4891P
Tiger Resource Finance PLC
12 January 2007


Tiger Resource Finance p.l.c.

Transaction in Own Shares

Tiger Resource Finance plc ("Tiger" or the "Company") announces that on 12
January 2007, the Company purchased 2,450,000 Ordinary Shares of 1p each in the
issued share capital of the Company ("Ordinary Shares") at a price of 3.25 pence
per Ordinary Share. These Ordinary Shares are to be held as treasury stock.

Following the above purchase, the Company holds 10,350,000 Ordinary Shares in
treasury and the total issued share capital of the Company less treasury shares
is 190,531,939 ordinary shares.

This purchase was made pursuant to the authority granted by shareholders at the
Company's Annual General Meeting held on 25 June 2006. To date 10,350,000 shares
have been repurchased under this authority.

We must be around a 40% discount to nav here........

[smilewithme] 23/12/2006 00:43

Tiger holders may be interested in reply that I posted over at Stockhouse recently, regarding other companies mining in the same area...



valueguy1,
Can't help with other companies apart from Polymet Mining, since I have been watching them for some time – and the comparison is so easy and so compelling.

Franconia value per share could be Cdn$8 or higher instead of yesterday's close share price Cdn$1.50.

Using NPVs, at comparable prices, as explained earlier:

Franconia – US$ 300 million divided by 43,150,120 shares issued and outstanding, gives value of around US$7 per share (Cdn$8). FRA closed yesterday at Cdn$1.50.

Polymet Mining – US$ 161 million divided by 119,378,876 Current Issued & Outstanding Shares gives value around US$1.35 per share (Cdn$1.55). POM closed yesterday at Cdn$3.56.

Am convinced that both companies are excellent investments: Polymet who are less risk are closer to production (2008), but Franconia offer a lot more upside potential

The NPVs above use lower metal prices and I believe that metal prices will be a lot higher than these prices over the mine periods. At higher metal prices (09/06) , FRA have shown NPV of US$1.7 to US3.1 Billion Dollars (before tax), depending on Discount Rates. At different prices, POM have shown NPV of US$595 to US$873 Million Dollars (after tax), depending on Discount Rates.

Extract from earlier post 10/20/2006 comparing NPV figures:



Franconia's NPV, (that's value of metal after taken from the ground), with better grades, seems to be nearly DOUBLE nearby Polymet Mining's, about 86% better NPV.
For example, at lower metal prices, discounted at 7.5%, FRAs is about US$ 300 million, compared to their neighbour, POM's US$ 161 million.
eg. Copper $1.50 compared to today's $3.00 circa.

Extract from earlier post 9/21/2006 regarding price targets:



FRA's output is likely to be 70/80% of what POM are producing.

-Maturi/ Birch Lake has not been fully drilled out yet ie. There may be more metal.

-FRA have yet another resource of 236 million tons at Spruce Road (1/3rd of size of POM's resource but at better grades)

Today (updated 12/21/06), FRA are valued at around 60 million dollars, POM are at 420 million dollars.

POM's market cap is higher because they are further down the process and offer less risk (but now with less upside) In terms of progress, FRA are 18months to 2 years behind POM.

We could therefore see FRA having a market cap of around 420 million dollars in 2 years – i.e around 7 times today's value.

So, taking today's (updated 12/21/06) price of $1.50 X 7, gives a share price of $10.50.

However that figure does not allow for further fund-raising – dilution etc

Given that, within 2 years, I believe that we may be talking $8-10 dollars.

Also, don't forget that POM are still in the feasibility stage. All things being good, their market capitalisaion/ share price should still have a lot of upside. It follows that they are likely to rise further and so should FRA. Both can rise a lot higher.

smilewithme

[Abuse team] 19/12/2006 13:45

Post removed by ADVFN

[Abuse team] 19/12/2006 13:44

Post removed by ADVFN

[sheeneqa] 19/12/2006 13:44

Someone desperate for xmas money 600k at 3.1....

[smilewithme] 30/11/2006 21:44

Good support and rebound today up 5.47%, in Canada.

Let's have some news next week and kick start the share price!

Price in Canada $1.35 (60p) Price on OFEX/PLUS is a bargain 55p ($1.23) only because people are nervous about de-list and can't be bothered filling a few forms in to transfer shares, amazing.

:-)

[metallica] 28/11/2006 19:33

So much for the Franconia link with Tir.

[smilewithme] 25/11/2006 10:41

Franconia Moving to Bigger and Better Things

All,

Franconia has made some significant announcements recently which have still to be picked up by the market:

-intention to withdraw from the PLUS market in United Kingdom, effective December 29, 2006.

-completed a non-brokered private placement financing of Cdn$6,000,001 through the issuance of units at Cdn$1.45 per unit.

-appointed Mr. Allan J. Marter as a director of the company. Mr. Marter, based in Littleton, Colorado, brings to the board more than 25 years experience in the financial sector of the mining industry.

Alan Marter was previously Chief Financial Officer of Golden Star Resources Ltd , with market cap of over Cdn$700 million, whereas FRA today has around Cdn$60 million.

After reaching high, on TSX-V of Cdn$1.94 (86p) the share price has drifted back and is currently at Cdn$1.38 (63p). OFEX/ PLUS Offer price is currently 57p (Cdn$1.24) It needs a kick-start to get the share price going again, and that may come with more updates from Birch Lake/ Maturi, where FRA have inferred resource NPV of US$1.7 to 3.1 Billion dollars at 09/06 prices, depending on Discount Rate. Or possibly, we may get exciting news from Red Knoll where Franconia are looking for more Copper in elephant territory.

However, for the longer term, the recent news suggests that FRA are moving to bigger and better things. Funding is in place and they have raised their profile with addition of new director. Also, leaving the low volume OFEX/ PLUS market signals the start of their planned move to major Toronto exchange and also AMEX early next year. Since Franconia are mining in the US, am confident that the they will receive a great welcome. To list on AMEX, they need to get the share price up to US$2 dollars (Cdn$2.25)

smilewithme


Thu Nov 23, 2006
Allan Marter Joins Board of Directors of Franconia Minerals Corporation; Stock Options Granted

--------------------------------------------------------------------------------

November 23, 2006, Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V: FRA, PLUS Market: FRA) is pleased to announce the election of Mr. Allan J. Marter as a director of the company. Mr. Marter, based in Littleton, Colorado, brings to the board more than 25 years experience in the financial sector of the mining industry.

Mr. Marter recently retired after seven years as Chief Financial Officer of Golden Star Resources Ltd. During his tenure, beginning in 1999, Golden Star transitioned from an exploration company to an emerging mid-tier gold producer. While at Golden Star he was responsible for numerous financings and acquisitions. He currently serves as president of EURO Ressources SA (TSX and Euronext: EUR) and had previously served as an officer and director of a number of North American junior exploration and mining companies. Mr. Marter was president of the Northwest Mining Association in 1993.

Grant of Stock Options
Franconia granted options to acquire 1,530,500 common shares of the corporation to directors, officers and consultants of the corporation. The per-share exercise price is $1.45 cents. The options are exercisable for periods of five years. The exercise price of the options represents a premium to the closing price of the shares of the corporation as traded on the TSX Venture Exchange on November 22, 2006 and is at the same price as the most recently completed private placement.

[smilewithme] 21/11/2006 16:10

Franconia Raises Cdn$6,000,001 for Red Knoll, Arizona copper target; drilling and a pre-feasibility study on the Maturi-Birch Lake combined operation


Tue Nov 21, 2006
Franconia Minerals Closes Non-Brokered Private Placement Financing

--------------------------------------------------------------------------------

November 21, 2006, Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V: FRA, PLUS Market: FRA) (the "Corporation") has completed a non-brokered private placement financing of Cdn$6,000,001 through the issuance of units at Cdn$1.45 per unit.

Each unit consisted of one Common Share and one-half Common Share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of Cdn$1.85 at any time prior to the earlier of: a) the date that is the 15th trading day after receiving notice from the Corporation that the weighted average price of the Common Shares on the TSX Venture Exchange or TSX Exchange has been equal to or greater than Cdn$3.00 for a period of 15 consecutive trading days commencing at least 120 days after the date of issuance of the warrants; and b) May 20, 2008. The common shares, warrants and common shares to be issued on exercise of the warrants are subject to a 4 month and one day hold period expiring March 21, 2007

The Corporation will pay a finder's fee in cash equal to 6% of the gross proceeds and issue brokers warrants equal to 6% of the units issued. The broker warrants have terms identical to the warrants issued pursuant to the unit offering and are subject to the same hold period.

The net proceeds from the offering will be used for drilling at the Corporation's Red Knoll, Arizona copper target; drilling and a pre-feasibility study on the Maturi-Birch Lake combined operation, and for general corporate purposes.

Franconia Minerals Corporation trades on both the TSX-V in Canada and PLUS Market in the UK under the symbol FRA. (For additional information see www.franconiaminerals.com.) The directors of Franconia Minerals Corporation accept responsibility for this announcement. Franconia currently has 43,120,120 shares issued and outstanding.

FRANCONIA MINERALS CORPORATION

Brian Gavin
President

[topvest] 14/11/2006 22:15

Yes, very well indeed. Excellent news for Tiger!

[mart] 14/11/2006 09:02

AST doing well today.

[maxbubble] 13/11/2006 21:08

lol....wish it was then i would be in FRA at 1.75p

[metallica] 13/11/2006 20:46

Is this now the Franconia thread instead?