Tiger Royalties And Inve... Share Discussion Threads

[witteklip] 07/3/2009 20:33

Where can I find a copy of their last Annual Report?

Why is their web site not up to date?

How much are these people paying themselves?

[aporime] 30/1/2009 21:44

Does anyone have an email address that works for this company? I tried [e-mail] and it failed.

[skyship] 10/1/2009 12:25

09 January 2009

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2008 was 2.83p per ordinary 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 31 March 2009.

===============================================================================

Lamentable really....all due to the fact that Bruce Rowan never knows when to take a profit - unlike Colin Bird who sold half his stake in his "Daytime Job" company (Jubilee Plats) at 10x the current sp!

Have been watching this more closely recently as the underlying cash suggests it could be time to look out for a cheap offer. That chunky trade today suggests someone may have beaten me to it. May well have been a buyback of course.

[tiltonboy] 09/1/2009 17:18

SKY,

They must have heard you!!!

tiltonboy

[skyship] 09/1/2009 16:17

WAKEY WAKEY Bird/Rowan/Samjani - we're overdue the NAV update!!!!!!!!!!!!!!!

[johndee] 13/11/2008 22:12

Best thing that happened to me was to be turned down for a loan to buy a car in august 2007....so had to sell all my TIR shares..250,000 of them towards payment...got about £11,000 at the time.......it was a sad day at the time but looking back I should have celebrated as I sold them at their peak. Maybe I should buy back soon?

[witteklip] 13/11/2008 17:23

Bid 1.40 Net Cash PS 1.91 p Net Asset Value PS 4.80 p

Where's the cash going? - can we trust BR not to take advantage of the current silly share price at the expense of other shareholders? Will management still pay themselves silly numbers?

If B.R. can be trusted to act in the interest of all shareholders then TIR is looking like a good place to park money.

Any thoughts?

[witteklip] 15/10/2008 16:02

Net cash 2.08 Bid 1.75

[sheeneqa] 26/9/2008 13:45

Portfolio Holdings as at 30 June 2008


Investments Number Cost Valuation
30/06/2008 30/06/2008 30/06/2008
£ £
African Eagle Resource Plc 1,241,274 112,264 93,088

Africa Oil Exploration Plc (1) 625,000 100,000 101,563

Ascent Resources Plc 24,642,857 550,824 1,478,571

Franconia Minerals Corp 475,733 69,939 273,925

Gold Fields Ltd 10,500 32,759 66,608

Minmet Plc 873,574 241,135 33,895

Nautical Petroleum Plc 9,000,000 180,000 709,200

Pacific North West Corp 566,500 107,682 82,953

Pan African Resources Plc 5,098,333 175,013 280,408

Ridge Mining Plc 100,000 178,477 116,000

Sunrise Diamonds Plc 665,000 6,650 7,481

Tertiary Minerals Plc 1,330,000 119,700 71,488

U308 Holdings Plc (2) 4,166,666 125,000 333,333

Vatukoula Gold Mines Plc (formerly River
Diamonds Plc) (3) 13,333,332 200,000 516,667


Fair value of warrants & loan notes

MIT Ventures Corp loan note - 40,000 40,000



1. On 4 January 2008, the Company acquired 625,000 ordinary shares in
Africa Oil Exploration Plc at a cost of £100,000.
2. On 29 January 2008, the Company acquired 4,166,666 ordinary shares
in U308 Holdings Plc at a cost of £125,000.
3. On 15 May 2008, the company sold 8,144,207 Vatukoula Gold Mines
Plc shares and exercised the 13,333,332 warrants. Consequently, the
Company now holds 13,333,332 shares in Vatukoula Gold Mines Plc.

[sheeneqa] 26/9/2008 13:43

RNS Number : 3650E
Tiger Resource Finance PLC
26 September 2008


TIGER RESOURCE FINANCE PLC

Interim Results for the six months ended 30 June 2008.

CHAIRMAN'S STATEMENT

For the six months ended 30th June 2008

HIGHLIGHTS

* Net Asset Value per share at 30 June 2008 4.26p (2007 - 4.90p)

* Total assets of £7.3M as at 30 June 2008 (2007 - £9.4M)

During the period under review, the Company realised profits of £199,797 following the
sale of 8,144,207 shares in Vatukoula Gold Mines
Plc (previously known as River Diamonds Plc). Tiger continues to hold a position in this
investment and will continue to follow progress at
the company's gold producing mine in Fiji.

In January 2008, the Company purchased a further 2.25 million ordinary shares of 1p each
as part of its buy-back program under the
authority granted by shareholders at the 2007 Annual General Meeting. Consequently, Tiger held
29.5 million ordinary shares of 1p each in
treasury at 30 June 2008 representing 14.59% of the Company's issued share capital.

The period under review has witnessed extreme volatility in financial markets with metal
prices fluctuating daily as investors take a
view on the potential for recession. Similarly, the investment community has been uncertain as
to whether or not they should buy shares in
financial institutions; the decision to buy often triggering a decision to sell resource
stocks to raise additional funds for purchases.

The uncertainty has seen some junior mining stocks deteriorate to values down to 20% of
their September 2007 valuations and specialist
resource investment funds have seen massive scale redemptions putting further pressure on
junior resource stocks.

In my report of 12 June 2008, I forecasted that the dollar would strengthen and that
precious metal prices would retreat and this has
been the case. I also stated our view that other metals would remain stable against positive
supply/demand fundamentals. This has also
tended to be the case, although the threat of global recession is placing pressure on metal
prices. We expect this trend to continue and
metal prices to correct by up to 30 % in the coming months with a consequent reduction in
market capitalisation of major mining companies.
This reduction will continue to affect adversely the share price performance of junior
resource companies.

Against this negative scenario, we see the thirst for junior company funding remaining
unfulfilled and many juniors will be focusing on
going concern issues, as opposed to developing their projects. Many of these juniors have
quality projects in much sought-after commodities.
This should present excellent buying opportunities for resource funds with cash and Tiger will
be proactive in identifying opportunities.

The balance of this year and the first half of 2009 will present threats for the resource
industry and opportunities for Tiger.

BRUCE ROWAN

[malkie] 25/9/2008 12:39

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Market makers should not be traders as well as there is a clear conflict of interests.

Someone took 20p for 135k GEM when the bid was 26p - over a barrel with Market Makers the only game in town.

On 10th September 450k SOLG sold at 1p when the bid was 3p.
Same stock sold back into the market over next few days for 2.5p-3p

Market Maker system leaves a lot ot be desired. This isn't "making an orderly market", it is profiteering.




and please spread the word!

[curt3] 29/8/2008 15:11

If management is so reticent about investing and prefers to sit on its cash, the I cannot understand why they did not realise the massive prifits they had on Ascent @ 30p !!! and Franconia @ £2 !!! Yes they did sell afew each of these but not much. Their strategy dos not appear to be consistent. I have complained to BR a few times about the moribund nature of this stock but only get platitudes about how well it has done. regretably the share price confirms my view.

[witteklip] 29/8/2008 13:31

The price is crushed by almost no volume - which belies the actual underlying value in cash and assets - but until B.R. starts demonstrating that he and his management are acting in more than their own self interest I will not be tempted to buy. Management is the key - they may be capable and may even be acting in our interests but they don't communicate, they appear to take much more than their due for their 'services' and they do not appear to act in the best interests of ordinary shareholders.

It would take virtually nothing for these guys to improve the company's position - all they need to do is to pay someone to keep the company web site and information up to date and they (management) should at least appear to spend some of their time actively and regularly earning their keep.

[witteklip] 27/6/2008 20:07

it does about 4 transactions per year for which we pay management about £ 450k

Then that's a travesty of their worth... And, they clearly hold their investors in contempt.

Does anyone go to the shareholders meetings? Perhaps next time around a few of us should arrive with banners, chants and a p.r. representative to publicise our discontent - perhaps some negative publicity would get them off their rear ends?

P.S. Share price was 4p in 2005 - so I see your point. A commodity boom in the interim should most definitely have given us a better return one way or another.

[curt3] 27/6/2008 14:19

sp was 4p four years ago. it does about 4 transactions per year for which we pay management about £ 450k !!! Sitting on cash for 2years now during a resources boom !!!! where is the "resource finance" strategy in this ??? A safe haven ? - possibly. a massive disappointment ? - yes !

[witteklip] 26/6/2008 21:47

Commodities surged today - and this company which is already, obviously under-valued - doesn't budge?

Its only problem (or is it opportunity?) is that management do not promote it - and they don't because they don't need to raise cash ;-(

Seems a safe and sensible place to put money -- but illiquid - so you need to time any exit to coincide with specific activity... And your buys with inactivity.

It would be useful if this company increased it's market cap and its volume - some decent liquidity would quickly make this company a no-brainer alternative to a current account that doubled as a high performing savings account ;-) As is it is frustrating.

[witteklip] 25/6/2008 12:15

Now selling at 2.7p

Net Cash PS 1.91
Net Asset Value PS 4.80

[topvest] 15/6/2008 20:30

Yes, I think Bruce has kept Gledhow low key up until now. He has bought most of the larger holders out and has 83% or so of the shares and cashed-in most of the investments. Things may now start to get more interesting. I hold a fair number already. May buy some more if an opportunity arises. Got a nice block of shares at 1.2p at the end of 2007.

[kombimatec] 15/6/2008 19:44

Talking of Gledhow they recently converted £4k in to $230K. See their last results. Sort of got unnoticed.

[topvest] 15/6/2008 11:59

I totally agree with you. Bruce is certainly the man to follow! Just pointing out that it's been a tad dull over the last 2 years here. We do also have to remember that Colin Bird is also a director here and I do believe that they could use Tiger as a shell company if the right deal came along, maybe combined with a cash return to shareholders.

Gledhow Investments on PLUS is the most interesting Bruce Rowan opportunity imho, but I hold all of his investment vehicles except Sunvest in Australia which is more difficult to hold if you are a UK investor. I always follow the principle that if you can invest for a similar price to BR then it's probably a fairly good buy. BR does the due diligence for us...and he has got a fine record. CAMEC, Southern African Resources and Myhome being some of his stellar performers. Personally, I think Oracle Coalfields could be the next big one for Bruce and Starvest have a bundle of these shares.

[witteklip] 15/6/2008 11:44

topvest - 15 Jun'08 - 11:36 - 1140

Regardless of our criticism for B.R. the fact is that with cash in the kitty and the markets poised for further downward corrections TIR is brilliantly placed to go shopping for bargains. In due time B.R.'s 'softly, softly catch e cheap, valuable monkey' approach is likely to be vindicated and rewarded. i.m.o. he has the knowledge, the inclination and the opportunity to make TIR purr in spite of (and because of) market weakness.

[topvest] 15/6/2008 11:36

Results due in the next couple of weeks before the 30/6. I agree that it's all been a bit dull here, albeit a safe home for your money. We will just have to wait and see what Bruce does with this.

[stemis] 18/5/2008 09:45

I guess so but its only a minnow. I estimate cash to be about £4.0m out of a market cap of £5.9m.

I'm not sure what to make of the 31 March statement of nav at 4.78p. It only includes cash and investments; so does that exclude deferred tax? Why don't they just issue a total nav statement?

In fact its hard to see why Rowan bothers with TIR at all. The share price hasn't really gone anywhere in the last couple of years during what has been a resource boom. Under valued at the moment but not a long term play for me.