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General Information

Tiger Resources Limited
TGS
http://www.tigerresources.com.au
Diversified Metals & Mining
86
1,144

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.07 $0.07 $0.08 $0.07 $0.08 2096484 $0.00 ( 2.67% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
28/07/2015
1

Company Overview

Business Description
Tiger Resources Limited (TGS) is an Australian-based company focusing on the mineral exploration, development, mining and sale of copper concentrate. TGS focuses its activities on the Katanga Copper Belt in the Democratic Republic of the Congo (DRC) and has two main projects being the Kipoi and Lupoto Project
Strategy Analysis
TGS haveĀ a staged development strategy for the Kipoi Project. Stage 1 involves processing high-grade oxide copper mineralisation through a heavy media separation plant to produce the equivalent of 119,000 tonnes of copper in concentrate over a three-year period. TGS then plan is to then construct a 25,000tpa Solvent Extraction and Electrowinning plant by 2014 to produce cathode copper. The expanding resource base at Kipoi has the potential to support a 50,000+tpa Solvent Extraction Electrowinning production capacity. Tiger Resources reported positive cash flow of US$11.4m for the quarter ended 31 December 2012. Operating cash flow for the period was US$16.59m. Payments for exploration and evaluation were US$(3.15m). Investing cash flow was US$(3.7m). Financing cash flow was US$(1.5m). Cash in hand at the end of the quarter was US$34.46m.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 3.7 108.4% 2.0 0.0 0.0% 0.0%
2015 F 0.0 1.8 336.6% 4.2 0.0 0.0% 0.0%
2014 A 9.5 0.4 -83.9% 74.7 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
BHP Billiton (BHP) $81,481M 0.1223 -0.2320 -0.4539 10.4722 13.6361 24.9705 4.59% 6.62% 6.61%
Iluka Resources (ILU) $3,174M -0.5350 1.2574 0.8279 53.1557 23.5477 12.8824 2.51% 3.84% 4.98%
Rio Tinto (RIO) $21,753M -0.1938 -0.5120 0.1015 8.2839 16.9751 15.4105 5.11% 5.65% 5.68%
South32 (S32) $9,263M 0.0000 0.0000 -0.0771 0.0000 9.9315 10.7607 0.00% 0.00% 4.91%
Tiger Resources (TGS) $85M -0.8392 3.3659 1.0838 18.0488 4.1341 1.9839 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.20 6.21 0.46 0.03
Market 0.89 16.20 1.33 1.30
Sector 0.69 11.60 0.67 0.30

Directors

Name Position Start Date
Mr Stephen Hills Finance Director 22/02/2013
Mr Bradley William James Marwood Managing Director 09/01/2007
Mr Neil Christian Fearis Non-Executive Chairman 26/05/2011
Mr Michael Richard Griffiths Non-Executive Director 07/12/2012
Mr David Neil Constable Non-Executive Director 24/06/2011

Management

Name Position
Charles Carron Brown Chief Operating Officer of DRC Operations
Susmit Mohanlal Shah Company Secretary

Substantial Shareholders

Holding Name
102,015,433 (8.92%) National Australia Bank Limited and associated companies

Calendar of Events

Date Event
28 April 2016 Report (Quarterly)
22 April 2016 Report (Annual)
29 January 2016 Report (Quarterly)
20 October 2015 Report (Quarterly)
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