05 July 2022
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 June 2022
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 June 2022.
Callum Baxter, Chairman and CEO, commented: "Amid a very difficult quarter for equities generally and the worst first half for investors in more than fifty years, our shareholders likewise experienced a decline in the portfolio value of the Company. Few sectors were immune in this downdraft and our positions in mining companies were no exception. Positively, commodity prices have remained relatively resilient over recent months and we still believe there is fundamental value in our position in Greatland Gold as the company continues to develop its assets at Havieron in partnership with Newcrest."
The NAV as at 30 June 2022 and certain prior periods were as follows:
| | 30 Jun 2022 | 31 Mar 2022 | 30 June 2021 |
| Trading Portfolio Value | £8.1m | £11.6m | £15.4m |
| Company NAV | £8.3m | £11.8m | £15.5m |
| NAV per Share | 14.2 pence | 20.3 pence | 26.9 pence |
| Share price - mid | 10.5 pence | 13.5 pence | 16.5 pence |
| Share price discount to net asset value | 26% | 33% | 39% |
| Market capitalisation | £6.1m | £7.9m | £9.5m |
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
05 July 2022
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 Ciara Donnelly 02073 835 100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
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