Starvest Share Discussion Threads

[zedder] 04/10/2021 14:00

RNS out and I was spot on this time.

[zedder] 30/9/2021 23:00

NAV/share guesstimate at 30th September is 24.4p.

[zedder] 28/9/2021 11:55

The directors have consistently taken shares in lieu of fees for quite some time. I wouldn't begrudge them taking cash for a couple of quarters using the cash from the AAU dividend.

[plasybryn] 28/9/2021 11:09

What will Starvest do with their Ariana Dividend? 0.035p per share paid on 24th September.

[uknighted] 09/9/2021 17:48

GGP RNS 25/08/21

“ The Company is pleased to announce that Callum Baxter has been appointed to the Technical Advisory Committee. Mr Baxter will step down from his full time role as Chief Technical Officer and Director of the Company on Tuesday 31 August 2021 and focus on this new initiative.”

[plasybryn] 09/9/2021 17:20

Well Callum Baxter, our CEO, is I believe Technical Director at GGP, so he ought to know when to hold & when to sell.

[luckyswimmer] 09/9/2021 13:48

Tyrano, fair comment in retrospect but the music hasn't stopped yet and the refusal to sell GGP could turn out to be a brilliant move by Starvest if another tier 1 resource is found by the joint venture team or if a takeover battle occurs or if Havieron simply carries on growing with more and more 900gmeter assays.

[tyranosaurus] 09/9/2021 13:38

Starvest should have sold some GGP when they were around 30p and bought more Ariana and Cora.
These 2 holdings are too small to affect the share price.
They should also have got rid of ALBA as I did when they were much higher than today.

The management seem to nave given up on any trading.

[come on] 09/9/2021 07:42

More great drill results at havieron

[come on] 06/9/2021 17:48

Plus havieron update too

[mayomen] 06/9/2021 11:55

Expecting more drill results from Cora this week also. Lots of positive newsflow on the way.

[zedder] 06/9/2021 10:42

Not surprised we are ticking up today. GGP has definitely bottomed out. Newcrest will be issuing the latest drilling results this week, so I'm hopeful that will keep the GGP momentum going.

[plasybryn] 29/8/2021 15:14

Thanks Zedder - really helpful

[zedder] 29/8/2021 09:46

Hi Plas,
I've got AAU at 13.5m (RNS of 24 Feb 20 said 17.5m then mention of some sold in subsequent update of 10 Feb 21), Oracle at 18m (RNS said sold some issued on 10 Feb 2021) and KEFI at 1.17m (there was a 1:17 consolidation from the 19m).

SRES I reckon 14.2m.

Even using my figures, my NAV/share guesstimate to 30 Jun 21 was about 0.6p higher than what SVE issued.

[plasybryn] 28/8/2021 16:14

Do we know the latest number of shares invested? Are these about right?
GGP - 82m
AAU - 16m
ALBA - 26.5m
Oracle Power - 21.87m
Kefi - 19m
Cora Gold - 1.23m
Sunrise (SRES) - ?

[rose_by_another_name] 27/8/2021 08:25

CORA is on the move.

[zedder] 25/8/2021 13:58

Just under £50k if my guesstimate that they've got 13.5m AAU shares is correct. With potentially a further £25k in 6 months and 12 months (the latter dependent on next years AGM).

[spbcscw] 24/8/2021 12:03

I believe a big divi from AAU is also due

[zedder] 24/8/2021 09:06

It certainly should on fundamentals.

With GGP at 17.3p and AAU 4.5p, I make it that the current NAV/share is 26.1p. So still maintaining just over a 40% discount.

[come on] 24/8/2021 08:37

With ggp news out this should start to move up again

[flying pig] 14/8/2021 16:03

Old news, but encouraging to see directors taking their fees in equity in the company. Even better to see them taking the fees at 16.5p a premium to today's price. They must have thought it good value!

[come on] 22/7/2021 07:55

Another great update from ggp

[jonny wilkinson] 18/7/2021 10:48

Article from Telegraph

nvestors urged to buy gold as inflation surges higher
The precious metal is still the best inflation hedge – and it’s on sale

By
Sam Benstead
18 July 2021 • 5:00am
Gold
Gold is out of favour but still belongs in a portfolio
Experts have urged investors to buy gold to protect their portfolios against a surge in inflation as the reopening of economies around the world unleashes pent-up demand.

Investment banking giant Goldman Sachs has advised clients to snap up the precious metal, viewed as a bulwark against rising prices, while fund managers said investors needed an “insurance policy” for their portfolios.

Inflation reached a 13-year high in America, the US Department of Labor reported last week, climbing to 5.4pc in June and shocking economists who had expected the pace of price rises to slow. In Britain, the consumer prices index measure of inflation hit 2.5pc in June, rising further above the Bank of England’s 2pc target.

Gold trades at around $1,800 (£1,300) an ounce, but Mikhail Sprogis of Goldman Sachs said it should be worth at least $2,000 today – and more if central banks such as America’s Federal Reserve failed to react to a continued surge in inflation.


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“It has the potential to rally significantly in the event that the global recovery is hampered or inflation picks up strongly and the Fed underreacts,” he said. “In this scenario, gold prices should benefit in the same way as they have done during prior periods of excessive inflation.”

Gold is seen as a store of value when inflation rises, in contrast to currencies, which lose their value in real terms. John Chatfeild-Roberts of Jupiter, the investment firm, said: “If there is sustained inflation, gold will hold its value.

“But gold has done well over the past 20 years, even when there has been no inflation. It also goes up when other investments go down – that’s why it is still important to own it to protect a portfolio.”

Despite the rise in inflation this year, gold has so far performed poorly in 2021. It has fallen by 3.5pc in value while British and global stock markets have delivered double-digit returns.

However, Catherine Doyle of Newton Investment Management said it should still form a central part of investors’ portfolios. “It’s a currency that cannot be manipulated by central banks, with limited supply and good inflation hedging properties,” she said.

Gregory Perdon of Arbuthnot Latham, the wealth manager, said the gold price had suffered this year because investors had been selling bonds, sending their yields, which move in the opposite direction to prices, higher.

“The key to the gold price over short periods is the yield on 10-year American government bonds,” he said. “When it rises, as has happened this year, investors sell gold.”

Mr Perdon cautioned that he expected bonds to continue falling in value when central banks started to withdraw bond-buying stimulus efforts launched to limit the economic damage caused by the pandemic.

The cryptocurrency Bitcoin has also sucked up some of the demand for gold this year, particularly among DIY investors, according to Ms Doyle, who dismissed its credentials as an alternative to the precious metal. “Bitcoin has no intrinsic value and regulators could clamp down on it,” she said.

“Even if cryptocurrencies survive, it behaves more like a risky stock than a defensive investment, so we would not buy it as a portfolio stabiliser like gold.”

Mr Sprogis agreed. “We think that cryptocurrencies are a long way off becoming a defensive long-term store of value,” he said.

Ms Doyle downplayed the risk of inflation continuing to surge over the next 12 months, however. “We don’t expect there to be a long inflationary period because there are powerful deflationary forces at play, such as an ageing population and high debt burdens,” she said.

The simplest way to invest in gold is to buy a fund rather than the metal directly. Peter Sleep of Seven Investment Management recommended the $13.6bn Invesco Physical Gold ETC, which costs 0.15pc a year and is backed by real gold.

BlackRock Gold & General is another option. The £1.3bn fund invests in shares in gold-related companies, which tend to be more volatile than the price of the precious metal itself. It costs 1.18pc a year.

Similarly, the £720m Ruffer Gold fund invests in gold mining companies and charges a fee of 1.25pc per year.

[lageraemia] 15/7/2021 14:59

Nice completion report for the drill programme released today. The exciting thing for me is objective proof of the porphyry system at dept near the Georgine pit that has been hypothetical until now. A follow on programme and economic study towards the end of the year is the next milestone.

Awaiting news on preliminary drilling/exploration at the 2 other projects at Cherokee and Phoenix Silver.

hxxps://www.silverone.com/news/2021/silver-one-intercepts-1-070-g-t-silver-and-1.48-g-t-gold-over-4.57-meters-within-26-meters-of-249-g-t-silver-and-0.40-g-t-gold/

[zedder] 07/7/2021 09:50

Good to see a bit of buying today. Hopefully this will now have bottomed out of it's recent downtrend.

Good news released by RNS today from both AAU and CORA. Our holdings in them aren't huge but every little helps. I make it that at 5.0p and 11.0p respectively, they contribute 1.4p/share to our NAV.

GGP is still our major driving force. At 17.8p that contributes 25.0p/share.

Keep the faith and keeping adding when you can.