REG - Starvest PLC - Net Asset Value at 30 September 2023

StarvestAnnouncement

02/10/2023 15:15

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RNS Number : 4153O  Starvest PLC  02 October 2023

02 October 2023

 

 

Starvest Plc ("Starvest" or the "Company")

 

Net Asset Value at 30 September 2023

 

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining
and resources investment company, announces a Net Asset Value ("NAV") update
as at 30 September 2023.

Mark Badros, CEO, commented: "Despite the difficult market environment, we
note there are certain upcoming catalysts in the metals and mining sector that
could portend greater investor interest in this sector. Our principal investee
company, Greatland Gold, expects that its joint venture partner in the
Havieron project, Newcrest Mining, will close its acquisition by Newmont
Corporation in November 2023. We continue to explore ways for our shareholders
to realise the intrinsic value in Starvest shares."

 

The NAV as at 30 September 2023 and certain prior periods were as follows:

                                          30 Sept 2023  30 Jun 2023  30 Sept 2022
 Trading Portfolio Value                  £5.3m         £6.0m        £6.2m
 Company NAV                              £5.5m         £6.2m        £6.6m
 NAV per Share                            9.4 pence     10.7 pence   11.3 pence
 Share price - mid                        5.5 pence     7.0 pence         8 pence
 Share price discount to net asset value  41%           34%          29%
 Market capitalisation                    £3.2m         £4.1m        £4.7m

 

Portfolio holdings are valued using their closing market prices as of the date
shown.

Starvest is a specialist mining and resource investment company and has the
industry knowledge and market exposure to select compelling opportunities
early in the investment cycle.

Investors are encouraged to view our RNS feed on the Starvest web site
www.starvest.co.uk/announcements (http://www.starvest.co.uk/announcements)

Investors are also encouraged to follow and review the RNS and other news
flows issued or otherwise disseminated by Greatland Gold plc, an investee
company which constitutes substantially the largest portion of Starvest's
trading portfolio value and whose share price can influence that of Starvest.
www.greatlandgold.com/media/investor-news/
(http://www.greatlandgold.com/media/investor-news/)

 

Mark Badros

Chief Executive Officer

02 October 2023

 

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto  01483 413 500

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