Cease coverage: Tiger Resources

We are ceasing coverage of the junior copper miner due to the departure of an analyst.

We are ceasing coverage of Tiger Resources (TGS), due to our view that the risks of operating in the Democratic Republic of Congo (DRC) outweigh the potential returns.

On September 8 we downgraded our recommendation to a "hold". The company had to take on additional debt to acquire the remaining 40% of the Kipoi project. Tiger bought the stake from the Congolese government-backed miner Gecamines.

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