Mining investor Metal Tiger PLC (LON:MTR) reported another strong rise in the value of its direct equities division in its latest half year.
There was a net gain on investments at the half year of £2.06mln (£2.14mln) with the value of the Direct Equities division at 30 June totalling £6.35mln.
Metal Tiger added it had identified a number of other undervalued listed mining companies and would exit some of its existing Direct Equities holdings if appropriate.
The junior is also directly involved in the Kemco project in Thailand, T3 in Botswana and Logrosan in Spain.
Earlier this week, Metal Tiger delayed the planned listing of Kemco, its silver-lead-zinc mines in Thailand, until the first quarter of 2018 due to uncertainty over how a new Thai Minerals Act will affect in-country operations.
Interim losses were £35,000 (£550,000 profit) while net assets per share rose to 1.07p (0.96p).
Shares were 11% higher today at 1.86p.