Starvest Share Discussion Threads

[zedder] 25/10/2017 11:10

Another 100k at 4.176p. I now own 0.95% of the shares!

[zedder] 25/10/2017 10:17

Greatland Gold website updated today as a result of Metal Tiger selling out. SVE still hold the same number of shares.

[zedder] 24/10/2017 12:59

That's another 100k shares for me at 4.422p.

[zedder] 21/10/2017 21:58

They still appear to have the same GGP holding:

hxxp://greatlandgold.com/company/

Worth £1.92m at Friday's closing price.

[ollyb10] 19/10/2017 13:36

Bang what?

[oilbuy] 18/10/2017 10:01

Market makers afraid to let it go.GGP will go to 4p

[zedder] 18/10/2017 09:23

6.25p as GGP powers ahead!

[zedder] 18/10/2017 08:43

Portfolio value about 5.6p assuming they haven't been selling into the GGP rise.

[zedder] 17/10/2017 10:55

I'd been trying for several days to get 100k at 4.25p or less. Shows it's worth being patient. GGP is flying again today. Portfolio value approx 4.7p.

[oilbuy] 17/10/2017 10:45

Nice. Now 4.34 for 100k

[zedder] 17/10/2017 10:42

Just grabbed another 100k shares at 4.14p

[russman] 17/10/2017 10:40

About 16.5p per share.

[mattboxy] 16/10/2017 18:21

Starvest PLC (LON:SVE) the London Stock Exchange AIM quoted investment company is pleased to announce that it has participated in the recent IPO of Cora Gold Limited (LON:CORA) which was admitted to trading on the London Stock Exchange AIM on 9 October 2017. As part of the admission process Cora Gold Limited ("Cora Gold" or "Cora") raised £3.45 million (before expenses) through a placing and subscription of 20,928,240 new ordinary shares at 16.5p each ("Cora Shares") resulting in a market capitalisation of approximately £9 million on admission.Starvest purchased 303,000 Cora Shares representing 0.56% of Cora Gold for approximately £50,000, which was satisfied from the Company's existing cash reserves. The Company will look to increase its position in Cora if stock becomes available.

[russman] 14/10/2017 11:43

ThanksAll I have to go on is Kuwait Energy was written up to 100k usd pre ipo.Thought the ipo valuation was a bit toppy.But on a good day - could get 200k usd.On a bad day - zilch

[zedder] 13/10/2017 18:12

Concorde Oil & Gas was incorporated in August 2005 to locate, evaluate, acquire, explore, develop, and operate oil and gas properties and projects primarily in the Russian Federation.
The company experienced difficulties in 2006 in raising sufficient finance for its first major acquisition target, Pechora Energy which holds an exclusive production licence valid until 2014 for the Luzkoye oil field in the Komi Republic of Russia. Following the agreement of a financing package with Altima Partners LLP, an offer to acquire Pechora for US$33 million was accepted.
Subsequently, Altima injected U$41 million in exchange for the issue of 113 million new Concorde shares valued at 0.9p a share, the value now used by Starvest.

Existing shareholders have faced a substantial dilution of their original stake, but now have an investment in a much larger company as a result of the restructuring, since when the Kuwait Energy Company has acquired part of the Altima stake and now holds one third of the equity.
Kuwait Energy appointees have assumed the chairmanship and two non-executive
directorships of the company. Concorde’s listing was suspended in November 2006 and withdrawn from PLUS in October 2007. The company has deferred its intention to seek an alternative listing until late 2008, by which time further expansion and development plans in Russia already under consideration should have been concluded, promising drilling results released, new oil reserve figures officially ratified, production expected to reach 8,000 barrels/day, and any further funding needs by then secured.

[zedder] 13/10/2017 18:05

Based on the following I don't believe the holding would be that significant:

Concorde Oil & Gas plc

Concorde, absorbed several years ago by Middle East private company Kuwait
Energy, remains reliant on the latter's intention to go public with a London
quote which would then enable shareholders to receive the new Kuwait Energy
shares in a realisable exchange for their outstanding minority Concorde
interest. The planned Kuwait Energy listing had already been mooted last year
but, owing to the market downturn, was deferred, although the listing is now
thought to be imminent. Concorde shareholders have yet to be given any
indication of the exchange terms proposed for their shares and the likely
valuation that can then be placed on their holdings. Starvest has maintained a
full provision against the historical investment cost of the Concorde holding.

[zedder] 13/10/2017 17:55

Sorry Russman. The company are so evasive that I cannot put a reliable number to the holding we have in Kuwait Energy which came about as a result of a previous holding on Concorde Oil and Gas.

[russman] 13/10/2017 09:28

Thanks
Do you have a valuation for Kuwait Energy
Thought it was written back up on private transactions.

[zedder] 12/10/2017 15:00

Hi Russman,
Very approximate as I don't keep historical values in the spreadsheet.

At 30th Sept
85.333m GGP(holding re-confirmed today on GGP website) at 0.62p = £530k
21.867m ORCP (historical figure - unable to confirm holding) at 2.6p = £568k
12m AAU (12.956m - "modest sale") at 1.45p = £174k

Yesterday's close
85.33m GGP at 1.28p = £1092k
21.867 ORCP at 2.4p = £525k
12m AAU at 1.40p = £168k

The cash was about £330k at end of June 2017.

[russman] 12/10/2017 12:40

zedder - according to your spreadsheet.At 30th Sept, would you please name & value each of the top 3 sve holdings.

[oilbuy] 12/10/2017 09:44

The time to top slice is into a rise

[zedder] 12/10/2017 09:43

Now 5p as GGP knocks on the door of 1.6p. I just hope they haven't been selling into the rise (which I wouldn't put past them based on previous experience!).

[oilbuy] 12/10/2017 05:18

50M warrants exercised at .2p