Starvest Share Discussion Threads

[jonny wilkinson] 18/5/2011 18:56

maxbubble - 18 May'11 - 08:53 - 837 of 839

Max great to see you back , pleased you're still following Bruce , rumour has it you have not been feeling well since the stock has taken a knock , hopefully like you it will bounce back soon !!

[zedder] 18/5/2011 10:58

Which affects SVE how?

[druinsky] 18/5/2011 10:44

Ascent turning to brown stuff

[maxbubble] 18/5/2011 08:53

No cofirmation yet that they have sold Beowulf - i think they need to let shareholders know shortly if they have

[backmarker] 17/5/2011 12:39

grogger,

that's exactly what I did last week.

only fair, since I had purchased my SVE from funds released when I sold a few RGM and RRR when they were a bit higher than now.

didn't make much profit from SVE, but I got more RGM and RRR than I had sold, so I'm not complaining ;~}

[grogger2u] 17/5/2011 09:02

I was thinking of selling some SVE and getting a few more RRR, RGM and SRES as I think that any recovery will be greater in those than in SVE at present, that said if we could time it right after any such recovery I'd buy back in SVE as it seems to follow the trend rather than set the trend.

[zedder] 16/5/2011 17:12

Someone took a big hit today to offload 60k of shares, only getting 13.25p. Most of the big value holdings are slipping back, and naturally that is being reflected in the value of SVE. I still prefer what I see as having spread the risk of being in the Explorer/Mining sector compared to taking a potentially even risker punt on any particular company. There are probably a few that bought into RRR, RGM, SRES and the like through the early part of this year that might wish they had spread their risk!

[bones30] 11/5/2011 01:33

BG: so SHE, how much of their JORC is in the measured, indicated and inferred categories?

[bonanza grades] 07/5/2011 14:26

Sheba definitely looks the best compared with other Ethiopia explorers

SHE Mkt Cap £3m
STI Mkt Cap £24m
NYO Mkt Cap £65m

Sheba is the only one of those where Bruce Rowan and Cluff Gold No.2 are both significant investors. I reckon they know their stuff.

[underperformer] 07/5/2011 12:50

sounds like a very positive update from RRR and RGM

[crimeprotection1] 07/5/2011 10:10

Sheba could be a darkhorse as well with such a lowly market cap, many thanks Zedder for all your hard work, think the above is the nearest we are going to get and looks like the BEM issue is also now accurate.

[zedder] 27/4/2011 06:59

From Half Yearly update (to end Mar):

Debt 208k
Cash 407k

As a consequence of improved valuations, Starvest's largest investments, comprising 85% of the declared valuation, in order of size were:

* Oracle Coalfields plc
* Regency Mines plc
* Kefi Minerals plc
* Beowulf Mining plc
* Red Rock Resources plc
* Ariana Resources plc
* Sheba Exploration (UK) plc
* Greatland Gold plc
* Sunrise Resources plc

A year ago we stated that "within the investment portfolio, we have eight investments, each of which has the potential to transform the Starvest portfolio. We must be patient!" Our patience is being rewarded, and we continue to believe that there is considerable growth potential in Starvest's investment portfolio.

Personally out of those 8 I see BEM, KEFI, RGM and RRR as the safest. In 1-3 years time I see the company still investing in small start-up explorers, and still picking absolutely golden investments on at least 1 in 4 occasions.

[brando69] 26/4/2011 23:56

is this a quiz?

[mafia music] 26/4/2011 23:13

how much cash do they have.
current debt?

which stocks do you feel that offer the most upside?
which do you feel are the safer plays out of the companies investments.


where do you see this company in 1-3 years?

[weasel31] 25/4/2011 16:45

Hi Zedder, that looks better than mine.
Would you mind emailing it to me so I can incorporate some of the bits which look better in yours? - [e-mail]

If not, no worries.

[zedder] 25/4/2011 14:36

Hope it keeps the formatting, here is my spreadsheet. Assumes all options exercised, 20% discount on PLUS companies, 10% discount on ORCP. I also add in a stab at Corp Tax:

Ariana Resources AAU 19,561,263 0.0475 929,160
Ariana AAU warrants AAU 2,105,263 0 0
Alba Mineral ALBA 11,875,000 0.015 178,125
Beowulf BEM 2,000,000 0.545 1,090,000
Greatland Gold GGP 22,000,000 0.034 748,000
International Mining IMIC 25,000,000 0.004 100,000
Kefi Minerals plc KEFI 19,000,000 0.08 1,520,000
Marechale Capital MAC MAC 1,350,000 0.015 20,250
Minera MIRL MIRL 190,476 0.9 171,428
Regency Mines RGM 33,350,000 0.047 1,567,450
Red Rock RRR 8,650,000 0.105 908,250
Sunrise Resources SRES 14,183,333 0.031 439,683

Agricola Resources AGRI 4,300,000 0.005 17,200
Belmore Resources BEL 5,885,164 0.065 306,029
Belmore warrants BEL 2,333,333 0.0275 64,167
Equity Resources EQRP 14,250,000 0.0275 313,500
Guild Acquisitions GAQO 6,000,000 0.004 19,200
Lisungwe LIS 27,400,000 0.004 87,680
Lotus Resources LOTP 15,000,000 0.002 24,000
Oracle ORCP 21,003,333 0.14 2,646,420
Sheba Exploration SHE 20,000,000 0.0325 520,000

Carpathian Resources ASX CPN 666,666 0.65 1.53707 281,921
Gippsland ASX GIP 2,000,000 0.046 1.53707 59,854
Brazilian Diamonds TSX BZD 720,000 0.15 1.55592 69,412
Cash 407,000
Shares in Treasury 2,300,000 0.15 276,000
SVE Options avail at 15p 2,975,000 0.15 357,000
SVE Options avail at 6p 300,000 0.06 14,400
SVE Options avail at 5p 500,000 0.05 20,000
Corporation Tax on Paper Profits -800,000
12,356,130
Total Shares in Issue 39,017,259 0.2887
42,792,259

[weasel31] 25/4/2011 11:39

I've made an attempt to create a google spreadsheet to track SVE's investments.
Please tell me where I've gone wrong. It values the portfolio quite a bit higher than the last update.

https://spreadsheets.google.com/ccc?key=0ApXY7MQZFz3JdDdlYktUU0VpbXNRUF9OSXhKaGw3akE&hl=en#

Things I'm aware of:

1) I've built no discount into the PLUS companies
2) Google cannot work off bid price, so it's mid price only
3) It's hard to find details of SVE holdings when they dip under 3% - any advice welcome
4) GoogleFinance supports AIM with a 15 minute delay, but PLUS isn't supported
5) I'm a muppet and am bound to have made some mistakes

Let me know where to put things right, and it might be a useful tool.

[zedder] 21/4/2011 08:38

SVE have more Oracle than we thought:



Perhaps took some in the recent placing? So holding now 21,003,333.

[shavian] 20/4/2011 07:55

Back from my hols, POG hits $1500, SVE still asleep. Hey ho...

[brando69] 15/4/2011 21:50

top slicing BEM into strength is looking an astute move at the moment. would love to know what price they were selling at... above 60p one hopes.

[underperformer] 15/4/2011 19:15

encouraging RNS from RRR suggesting they are debottlenecking el limon. Woudl be great ot see the rrr/rgm on the move !

[zedder] 15/4/2011 10:27

Despite the ORCP spread looking like 14 to 15.5p, someone had to pay 16p for 50k shares. Still seems to be a lot of demand. I can't help but feel that our 20m ORCP shares are going to 'make' the portfolio!

[zedder] 14/4/2011 14:36

Hopefully they'll just tighten the spread to get more people interested.

[brando69] 14/4/2011 14:32

anyone tried a dummy sell? see what sort of volume they are happy to take up