Tiger Royalties And Inve... Share Discussion Threads

[tim] 11/4/2007 16:18

Not many lol - Glad I have my own..

[kombimatec] 11/4/2007 16:12

Ridge Mining going like a train, how many do we have?

[traderabc] 11/4/2007 15:00

Topped up yesterday,now have a substancial holding in this.I'd get worried if it breeches 3.25 for longer than interday.

[skyship] 09/4/2007 10:17

Co. Sec. confirms the NAV is undiluted, but I just can't fathom out why the difference in my figure & the official figure.

If both FRA & FCO had been sold then the loss of the putative profit would account for it, as would a sale of perhaps 10m AST. This latter cannot be the case as otherwise the sale would have to have been declared. I'll just have to await the portfolio declaration with the Finals which hopefully will be out before the end of April.

[smilewithme] 04/4/2007 22:56

Franconia on TV

[smilewithme] 04/4/2007 18:47

FRA - EXTRAORDINARILY CHEAP - ROBTV

John Embry, chief investment strategist, Sprott Asset Management


PAST PICK FRANCONIA (CVE:FRA): extraoridinarily cheap, massive ore body in Minnesota..been told that one major has been there looking fairly closely..contained value in ore trading at fraction, reflects lack of interest in junior gold plays, amazed at lack of interest..this will change when gold takes out high, suspect rush of money into these..

[skyship] 04/4/2007 16:53

I assume that NAV is a fully diluted figure - will be checking that out tomorrow. 6.42p undiluted = 5.94p diluted. That way the NAV would be marginally better than my estimate.

If it were an undiluted NAV then there is a £727k gap which could only mean a sale or partial sale of AST or FRA ahead of the rise, which would be a disappointment.

Hope to report back tomorrow.

[topvest] 03/4/2007 22:02

Yes, this company has been a tad disappointing, but......why are we saying that? Because we expected more!

However, doing very little Tiger have virtually tripled their NAV in a few years. That's good enough for most people...maybe it's best to carry on doing very little!

Tiger is worth more as a good shell imo. It has lots of cash and Colin Bird could reverse this into his next big deal at NAV - c6p. That's what I hope to see and we could then see 6-10p fairly quickly. All speculation, and may well not happen. At a 40-50% discount to NAV the downside is small.

[chris1983] 03/4/2007 18:38

Polymet News is Great for Franconia

Polymet Mining have just announced that they have secured US 41.25 Million Funding. Their ability to raise money and the optimism as they move towards permitting is very encouraging for Franconia.

As shown below from FRA's presentation we already know that Franconia NPV ($365 m) is a lot more than Polymet ($295 m) at low historical metal prices.




Tue Apr 3, 2007
PolyMet accepts US $41.25 Million Equity Subscriptions at US $2.75

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

The proceeds will be used to complete a procurement effort directed at securing timeslots for long lead time equipment and materials as well as to substantially complete detailed engineering prior to the availability of senior construction finance. This will enable the construction phase to start immediately upon obtaining senior debt financing, which is expected to be available upon receipt of operating permits, which PolyMet anticipates early in the fourth quarter of 2007.

PolyMet's President and CEO William Murray stated, "This is an important part of our financing to production. The funds will enable us to maintain the momentum of on-going work which is expected to be completed prior to receipt of operating permits. This work program anticipates maintaining our fast track for initial metal production before the end of 2008."

"The Board of PolyMet is always concerned about dilution of our shareholders. The optimal pre-permitting work program and thus the size and timing of this financing have been carefully considered in order to maximize the value to the shareholders. We are confident that we will require no additional equity as part of the construction debt financing package for the NorthMet project. Separately, we are particularly encouraged by the fact that demand for the private placement far exceeded the 15 million units to be issued.

[seagullsslimjim] 03/4/2007 16:18

rns - nav at 31st mar07 is 6.04p

[curt3] 03/4/2007 12:30

have held for 4 years - disappointing and moribund despite nav appreciation. Cannot understand small holding in Ridge Mining when so much cash uninvested. Ridge now comming good. Market would have responded better to dividend than share buyback.

[topvest] 02/4/2007 22:47

Yes, I did think it odd that there was such a delay on announcing the final results last year. Made me think that something was happening, but then got canned. Anyway, I trust both Colin Bird and Bruce Rowan to invest our money wisely. A better mining duo is difficult to think of...time for them to deliver even better returns for us I think! At least the NAV has been rising over the last year, with minimal effort.

[skyship] 02/4/2007 11:00

Yes - now 20p - Our NAV now 6.72p!!!

[mart] 02/4/2007 10:43

AST VERY buoyant.

[skyship] 02/4/2007 08:34

According to my spreadsheet the 31st Mar'07 NAV = 6.42p

Topvest - I agree, as far as we know the BR/CB duo has been a master of inactivity in 2006. It would have been nice to have allocated just a small part of the cash pile to CB's Jubilee Platinum or to Toledo (TMC), the continuing bargain of the sector IMO. If the Finals reveal they have merely sat on the existing portfolio and only half-heartedly handled the buyback programme, then what reason to pay Directors fees, yet alone new options.

That said - doing nothing has certainly assisted the NAV this past year!

I like your suggestion that Tiger be used as a shell for a reverse takeover for one of CB's mining interests. I'm sure that would suit us all fine!

Incidentally - AST a good market this morning. Up 1p, so TIR NAV now 6.57p.

[smilewithme] 01/4/2007 18:15

SKYSHIP - 31 Mar'07 - 16:34 - 716 of 719

"Smilewithme - whick package or site did you use to get that great effect with the "drop-shadow" trendlines?"


SNAGIT allows you to do fancy copy and paste type stuff - love it!

[topvest] 01/4/2007 14:40

Ascent Resources has done well recently as well to improve the overall portfolio value.

[topvest] 01/4/2007 14:33

I disagree. Ascent Resources, Nautical Petroleum etc. are good investments. Colin Bird is a very shrewd operator. Overall, though Tiger has remained under invested for some time. The real future of this entity is questionable. It's done well, but it's cash pile isn't really being worked.

At the moment Bruce Rowan seems to be putting most of his investments through Starvest and Sunvest. Gledhow and Tiger aren't doing much at all. I would expect Gledhow to be used as his main PLUS markets investment vehicle and Starvest his main AIM vehicle going forwards. Sunvest is his ASX vehicle. This again questions the need for Tiger.

I've thought for some time that Tiger might be better used as a shell for a reverse takeover where Colin brings one of his mining interests to market. That would appear a sesnible way forward to me. We will have to wait and see!

[guythomas] 01/4/2007 11:33

having looked at the portfolio of Tir...they picked some right ol' dogs..i think a schoolkid could have done better with a pin

[skyship] 31/3/2007 16:34

Well, as anticipated, Formation Capital provided the %age rise of the week, moving ahead from 58c to 74c (after 77c). They now account for 5.2% of the portfolio versus Franconia's 6.3%. Ascent is @ 41.9% and CASH @ 29.2%.

By the way, the Franconia options expired with no value (either the rise happened after the expiry, or the rise negated the option - not sure which). Also the 333,333 Franconia which were listed on PLUS are now on the Toronto register pari-passu with all other Franconia stock.

Smilewithme - whick package or site did you use to get that great effect with the "drop-shadow" trendlines?

[[e-mail]] 30/3/2007 15:18

vern

i thoght this would rise this week, well it will next week.

[smilewithme] 28/3/2007 10:54

FRA seems ready to start moving again....

Steady upward trend......

[smilewithme] 26/3/2007 20:36

Newsflow – Cdn$ 1.80 to $9.85


Have taken part of the recent Franconia presentation and overlaid it with likely newsflow......

[smilewithme] 26/3/2007 20:34

Junior has NPV US $365 million – at low metal prices

Franconia seem to think their NPV per share should be US$ 8.48, that's Cdn$ 9.85 (compared to today's Cdn$ 1.80)

[skyship] 26/3/2007 16:16

Yes, with AST @ 19.0p after Mark Slater apparently tipped them at the weekend's Master Investor Show; and with Formation Capital making a highly encouraging chart breakout (+8% today), our NAV has advanced through 6.5p for the very first time. Currently my spreadsheet delivers Gross Assets of £12.4m with AST representing 42.9% of those assets.

The discount @ 3.7p = 42.9% (38.3% fully diluted).

Personally I topped up a few more @ 3.75p today.