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Tiger Royalties & Investments PLC - London-based mining investor - Says pretax loss for 2023 narrows to £403,242 from £456,962 the year before. Company generates no revenue, unchanged from 2022. Reports other income of £17,703, up from nothing the prior year. Net asset value at December 31 was 0.09 pence per share, down 47% from 0.17p one year prior. As of Thursday NAV is 0.02p, down 78% from the NAV at December 31. Says the mining sector ‘has continued to suffer from under investment and a lack of interest by the investment community. Retail shareholders have become less prominent and institutional shareholders in the junior resource sector have all but disappeared. The main reasons for the continuing head winds against the sector have been resilient inflation and geopolitical tension.’ Looking ahead, Tiger Royalties says it intends ‘to advance our proactive portfolio of investments and also directing further acquisitions specifically in copper assets predominantly in southern Africa...Whilst Tiger has had difficulties in the last few years resulting mainly from tough prevailing conditions in the junior natural resource sector, we remain convinced that our turn to enter the arena is close.’ Current stock price: 0.15 pence, down 25% on Thursday in London 12-month change: up 15% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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