Starvest PLC Net Asset Value(s) (2583B)

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RNS Number : 2583B

Starvest PLC

06 October 2020

6 October 2020

Starvest Plc ("Starvest" or the "Company")

Net Asset Value at 30 September 2020

Starvest PLC (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment business, announces a Net Asset Value update as at 30 September 2020.

Callum Baxter, Chairman and CEO, commented: "We are pleased with the significant appreciation in portfolio value over recent months. The decision to steer the investment portfolio toward gold stocks over the past 18 months has been a rewarding strategy. Share price and the Company's market capitalisation have increased more than 700% compared to a year ago, while the underlying portfolio has gained more than 750%. Our hand-picked portfolio constituents have achieved excellent returns for our shareholders. In particular, Greatland Gold plc and to a lesser extent Ariana Resources plc were key contributors to the portfolio's appreciation. We believe that the long-term outlook for gold prices remains favourable and we remain committed to our strategy."

The net asset value as at 30 September 2020 was as follows:

 
                                    30 Sept  30 Jun 2020   30 Sept 
                                       2020                  2019 
 Trading portfolio value           GBP17.8m   GBP10.8m     GBP2.00m 
 Company net asset value           GBP17.9m   GBP10.9m     GBP2.25m 
 Net asset value per            31.17 pence  19.08 pence  4.03 pence 
  share 
 Share price - mid              18.00 pence  11.75 pence  2.25 pence 
 Share price discount 
  to net asset value                    42%         38%         44% 
 Market capitalisation            GBP10.36m    GBP6.70m    GBP1.26m 
 

All valuations are based on the closing market price.

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

Callum N Baxter

Chairman & Chief Executive

6 October 2020

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan 02077 696 876 [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn 01483 413 500

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October 06, 2020 07:02 ET (11:02 GMT)