Tiger Royalties And Inve... Share Discussion Threads

[curt3] 15/5/2007 15:37

Pathetically small holding in Ridge - I could never understand why, with all that cash, they didnt buy more. If they believed in Ridge as an investment why not top up when it was so visibly weak at 35p ? Their portfolio say only 100000 shares in Ridge.

[witteklip] 14/5/2007 18:47

Remarkably undervalued!

According to ADVFN Net Tangible Asset Value PS * 4.74 At 3.7 that's a discount off 22%.

And what about Ridge Mining - if I remember correctly these guys own some of that too and it has recently gone ballistic.

Not only that but the management have show a tendency to buy in when the value goes under NAV to protect the company.

This appears to be a no bone fide investment at a discount so where are all the buyers?

[maxbubble] 13/5/2007 21:08

i think you could be right - sounds good to me

[topvest] 13/5/2007 18:03

Not sure SKYSHIP. I have said for sometime that I believe something is going on here. For the last 12-18m activity levels have been low, results late and really no significant new investments have been made. This is despite the fact that Tiger has more cash than any other of Bruce's vehicles. I think that Colin Bird has bigger plans for Tiger, but this is just reading between the lines. A significant reverse takeover into Tiger could be very good news for existing investors, particularly if it was one of Colin Bird's projects. What do others think?

[skyship] 13/5/2007 15:42

Interesting to read those posts as I remember trading Longreach Oil during the Australian resource boom back in the late 60's!! Happy days until one client punter left me with a massive bad debt after over-extending on Poseidon. In those far away days you were expected to repay those debts personally......so I did so; but it ended up with my early exit from "The City".

TIR is a more relaxed way of playing the commodity boom.

Incidentally, to return to TIR - does anyone hold any views as to why the Company has temporarily ceased its buyback programme? Could it be that Colin Bird is indeed wanting to buy out Bruce Rowan; and would prefer no further shrinkage until the deal is done!#~? Would like to think so......

[topvest] 13/5/2007 15:06

Interesting comments re. Sunvest in the past - yes, they have a big holding in PAF and should do well when they get the reverse takeover done (if they get it done!). Just think it is odd that Sunvest has been doing pretty much the same as Starvest for the last 4/5 years and hasn't quite made it. They were, as I, unlucky with Capricorn Resources as that was one of the few, if only, Phil Edmonds recent listed entities that didn't do a 20 bagger deal. Sunvest continue to have a big holding.

[eacn] 13/5/2007 14:07

topvest, generally I would advise UK investors to steer clear of the Australian market: it is "crook" as they say down under. If you're not an "insider" you can get your fingers burnt.

SVS's "company maker" will be PAF imo, with the second surge coming from Regency and possibly Red Rock. At some point Longreach will also pay: the guy who runs Longreach isn't getting any younger.

My understanding is that Bruce borrowed a lot of money via SVS prior to the last property crash in Australia and then spent 10 years paying down the debt, during which time SVS went nowhere. Now he has decided try and build another SVE and over the last 18 months has raised finance to make the key early stage seed investments.

I don't expect to get the same performance from SVS as I have done from SVE (my average purchase price on SVE is 1.6p) but none-the-less I would be dissappointed with less than 20% compound.

[topvest] 12/5/2007 16:25

eacn - thanks. I also looked at their investment in Longreach Oil, more out of interest than anything else.

I have studied Sunvest on and off for the last couple of years. It does appear to have changed its strategy of late and is becoming an early stage investor in a number of investment vehicles. It is also exchanging shares for investments, which is something that none of Bruce's vehicles have done to date. I suspect that this may all be to try and increase the critical mass of Sunvest which has yet to have a "company maker" investment. An AIM listing may well be on the cards again, although I haven't read or heard anything to suggest that is the case.

The Australian market does look interesting, but I have never invested as it appears quite difficult to ge involved if you are a UK national.

I will certainly get involved with Sunvest if it's share get listed on AIM, but don't really want to buy if the costs are prohibitive.

[eacn] 12/5/2007 16:07

topvest,

My apologies for not replying to your post of 24.04.07 - I overlooked it I'm afraid.

In answer to your question as to how you buy SVS shares, I bought mine through Barclays via my foreign dealing account and via a placing.

SVS have fallen back to around AUS $0.8 and AUS $0.9 recently, and my gut feel is that this is a good buying opportunity. Post tax NAV is currently around AUS $0.86 with PAF valued at 6p. Once PAF ends its suspension, if the PAF share price is 9p the post tax NAV will around AUS $1.01. PAF at 9p would account for 36% of the portfolio.

There are a number of other decent investments in SVS, including Longreach Oil, on the face of it a long term loss making minnow, but if you do a bit of digging you will find that there are a number of significant assets in Longreach, with plenty of upside.

SVS also holds 12.57M Regency Mines, 9.44M Red Rock, 10M Greatland Gold, 10M Beowulf Gold and 20M Uranium Resources, all stocks with prospects.

There was indeed talk of a SVS listing on AIM, but as yet no sign of that happening.

SVS is very illiquid, so only one for long term holders. However, given that Bruce isn't getting any younger, at some point he is going to want to find an exit from SVS and logic suggests that when that happens shareholders will see liquidity, possibly through the combination of SVS, SVE and TIR with a view to a sale.

[skyship] 12/5/2007 15:31

HPotter - well done buying into Smile's FRA - he certainly told us all in no uncertain terms! As I have often recently stated, it would be a real bonus to find that we still have our holding.

As to the topslicing of AST, it seemed to me to be a perfectly logical thing to do as the holding had risen to c.42% of our total shareholder funds. I think they should continue selling into strength north of the recent peak

[smilewithme] 10/5/2007 23:45

HPotter

Superb timing "I bought into FRA 2 weeks ago" - well done!

Look forward to some more news next week ;-)

[hpotter] 10/5/2007 22:43

Having read the posts and the FRA website I bought into FRA 2 weeks ago. Just in time for this latest rise I'm pleased to say. I also bought Geovic, but with less success to date. WH Ireland was the broker I used.

I was wondering if Tiger management might have paid some CGT on their capital gains, hence the difference in NAV to Skyship. (and many thanks to him for his calculations). I found it odd that Tiger sold a few Ascent Resources a few weeks ago, but kept most of their holding. With all their cash why would they want £200k more? and if they had decided AST was no longer a good investment then surely sell all. Doesn't add up to me unless they needed a bit more cash to pay for something. If it was for a new investment wouldn't they have announced something or for it to have appeared on an RNS?

[smilewithme] 08/5/2007 18:17

We found Copper!!!!

FRANCONIA MINERALS CORP



Franconia Intercepts New Porphyry Copper System at Red Knoll Project, Arizona
5/8/2007

Further Drill Testing Planned

SPOKANE, WASHINGTON, May 08, 2007 (MARKET WIRE via COMTEX News Network) --
FRANCONIA MINERALS CORPORATION (TSX VENTURE: FRA) announces the results of the Company's 2006/2007 core drilling program at the 8,000 acre Red Knoll property in Graham County, Arizona (see Franconia News Release December 12, 2006.) The four-month program, which concluded earlier this month, confirmed that the property hosts widespread potential host rocks for porphyry copper mineralization at a reasonable depth.

"We are very pleased to find that this first round of drilling revealed a geochemical signature and hydrothermal alteration consistent with a copper porphyry system. Also, the drilling indicates that there is the possibility for copper mineralization to be found at Red Knoll and at a reasonable depth for mining," said Brian Gavin, Franconia's president. "Although we are awaiting some further results we already have several geological targets that warrant further examination."

The four-month drill program, which concluded earlier this month, was designed to test for concealed porphyry-style copper mineralization within Laramide-age volcanic rocks buried beneath post-mineral volcanic cover in an area between Phelps Dodge's Morenci mine, the largest copper producer in the US, and the Safford porphyry copper district. A secondary objective was to test the depth to the potential Laramide-age metavolcanics on the property.

Three holes (RK-4, -5 and -6) totaling 6,862 feet were completed, investigating three of four IP anomalies generated by a Titan 24 geophysical survey conducted by Quantec Geoscience in May of 2006. That 4 line, 17-line kilometer geophysical survey generated two high priority targets and two lower priority targets. While ore-grade mineralization has not yet been encountered, all three drill holes intercepted host rocks with the potential for porphyry copper mineralization at depths ranging from 979 to 1782 feet.

One hole (RK-4), which tested an IP anomaly on the west end of Line 2, intercepted Laramide metavolcanics displaying strong to intense phyllic alteration with subordinate propylitic to phyllic transitional alteration. This alteration was accompanied by 1 to 3 percent pyrite starting at 1616 feet (locally 4 to 6 percent) with anomalous copper values. Pyrite occurs as fine-grained disseminations and in microfractures. Analytical results received to date indicate anomalous copper values increase with depth from 1616 to 2456 feet. The alteration and mineralization observed in RK-4 may indicate proximity to a porphyry copper system. The Company believes these results warrant additional geophysical examination as well as further drilling in the area, particularly to the east. In addition, based on depths-to-Laramide, a number of geological targets have been identified that merit testing.

Results from the other two drill holes (RK-5 & RK-6B) did not explain their respective IP anomalies and pending analytical results are not expected to yield any anomalous copper values.

The Red Knoll property is subject to a Property Acquisition Agreement with Teck Cominco American Incorporated (Teck Cominco) whereby Franconia can earn a 100% interest in the unpatented mining claims by incurring US$2,000,000 in exploration expenditures over four years and issuing shares to Teck Cominco. Upon Franconia completing expenditures on the property, Teck Cominco has a one-time option to elect to back-in to a 70% interest in the property by spending US$5,000,000 over four years (See Franconia's news release of June 27, 2005).

Franconia Minerals Corporation trades on the TSX-V under the symbol FRA. (For additional information see www.franconiaminerals.com.). Franconia currently has 54,683,731 shares issued and outstanding.

Brian Gavin, President

[smilewithme] 08/5/2007 17:40

FRA has hit $3

Superb!

[zedder] 08/5/2007 12:09

Seems to confirm the 1m holding then.

[smilewithme] 08/5/2007 12:00

Starship

Will think about that...

Have u seen this




Ownership:
Management 15%
Starvest PLC (AIM) 8%
Tiger Resource Finance (AIM) 2%
Sentry Select 5%
J. Perrone 10%
Others 65%

[skyship] 08/5/2007 08:17

Smile - might I suggest you change yr moniker to laughwithme!! Certainly FRA continuing their marvellous run - I JUST WISH I KNEW FOR CERTAIN THAT TIR STILL HAVE THEIR HOLDING!#~?

When I asked the question the Co. Sec confirmed that the OFEX stock simply switched register to Toronto, ie all stock is quoted pari-passu, however later on he would not confirm that TIR still has its holding.

We are all in the dark until the needlessly belated announcement of the Finals -& that could still be 4 weeks away.

FRA could be $4 by then......

[smilewithme] 07/5/2007 21:52

topvest,

there was a consolidation so the equivalent price was actually 5 times 2.33p, 11.65p but still pretty damn good and its only just started. the company are pretty confident of share price having plenty of upside still....

[topvest] 07/5/2007 21:42

This floated on OFEX at 2.33p in early 2002. It's not done badly at all has it?

[zedder] 07/5/2007 21:25

Am I right in thinking TIR have approx 1m shares in FRA on TSX, assuming the OFEX shares were transferred across?

[smilewithme] 07/5/2007 21:17

crazy russian

thanks and .....

Closing high of $2.85 (£1.29) and day high of $2.91.

Remember when this could be picked up on OFEX/ PLUS at 10 or 11p?

FRA volume today is the most since March 5. It is clear that there has been additional buying today - maybe Toronto institutions. Very encouraging that there is so much interest, again without news. My short term target has moved from $3 to $4, but short term may depend on imminent news on Red Knoll Copper target. That out of the way, all should be plain sailing :-)

What a performer she is and Congrats to all the followers here, also Starvest and Tiger.

FRA was the best performing mining share in the UK market last year, according to Minesite. Wonder, if she will repeat that performance. For me have told loads of people about FRA but very few have listened, particularly on the Motley Fool - but for us believers the story is truly believable and remarkable.

[crazy russian] 07/5/2007 16:52

yes some of us are reading them

however I doubt many of us (none today) can actually do anything about them or as a rsult of them
or in anticipation of the next one

perhaps you should try and target the MMs its they who set the sp

we just want it to go up!

[smilewithme] 07/5/2007 16:41

FRA Soaring again.

Are people reading my posts?

$2.75 +0.4 17.02% 95,700

[smilewithme] 07/5/2007 11:57

People interested in the POM/ FRA comparison may find the discussion over at FRA board interesting. Seems that FRA may soon double the in-situ value of their inferred resource from an already huge US$23 Billion.



As I have replied to huesos:

huesos,

Since you said "Why do institutional analysts who cover Polymet refuse to acknowlege FRA? It's getting to be hard to figure."

January 2006, FRA was around 20 cents and POM was around $1.50.

(Today, FRA is $2.35, with POM at $4.30)

Currently, FRA market cap is over 100 million dollars, with POM around 5 times that at over 500 million dollars. It's easy to figure how FRA is going to multi-bag, again, this year. (The analysts are going to realise very soon that FRA NPV is a lot bigger than anything that POM have. That point may come when 43-101 is released for Spruce Road. Maybe June?)

FRA has been an "unloved share" - that's its beauty - has allowed people like you and me to pick it up incredibly cheaply. All of that is about to change.

The company are going to get a proper IR going - that should make a big difference. And there's a long list of news to come out.

Just watch...