04 October 2021
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 September 2021
Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment business, announces a Net Asset Value ("NAV") update as at 30 September 2021.
Callum Baxter, Chairman and CEO, commented: "Although gold prices declined only slightly (<1%) during the last quarter, this small net change masked somewhat greater volatility during the quarter and prices that remain below the price of a year ago. The Company's portfolio value decreased approximately 10%, but we are pleased that the Company traded at a smaller discount to its NAV, as the Company's market capitalisation declined by only 2.3% over the past quarter. We believe the post-pandemic global economic recovery remains elusive in the near term and quantitative easing will remain the favoured tool of major economies over the coming months which provides a solid foundation for precious metals going forward. As part of routine operations, the board regularly reviews its portfolio positions and may make adjustments to its holdings to take advantage of what it believes to be temporary weakness in prices for precious metals. Alternatively, the board may consider strategic opportunities to better align the Company's stock price with what it regards as the intrinsic value of the Company's portfolio."
The NAV as at 30 September 2021 and certain prior periods was as follows:
| | 30 Sept 2021 | 30 June 2021 | 30 Sept 2020 |
| Trading Portfolio Value | £14.0m | £15.4m | £17.8m |
| Company NAV | £14.1m | £15.5m | £17.9m |
| NAV per Share | 24.4 pence | 26.9 pence | 31.2 pence |
| Share price - mid | 16.0 pence | 16.5 pence | 18.0 pence |
| Share price discount to net asset value | 34% | 39% | 42% |
| Market capitalisation | £9.3m
| £9.5m
| £10.4m
|
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
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 a large portion of Starvest's trading portfolio value and whose share price can influence that of Starvest. www.greatlandgold.com/media/investor-news/
Callum N Baxter
Chairman & Chief Executive
04 October 2021
Enquiries to:
Starvest PLC
Callum Baxter or Gemma Cryan 02077 696 876 info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Lukas Girzadas 02073 835 100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
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