Starvest PLC Net Asset Value(s) (5459L)

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RNS Number : 5459L

Starvest PLC

03 January 2023

03 Jan 2023

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

Net Asset Value at 31 December 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 31 December 2022.

Mark Badros, CEO, commented: "Despite a 9.7% increase in our portfolio value in the fourth quarter of 2022, Starvest's portfolio value, net asset value and share price declined in 2022 compared to a year ago, largely due to the share price decline of our largest investment position, Greatland Gold. Notwithstanding the difficult market that many investors faced across multiple asset classes globally, the continued positive exploration results, development progress and fundamentals for this key holding remain attractive in our opinion."

The NAV as at 31 December 2022 and certain prior periods were as follows:

 
                            31 Dec 2022   30 Sept 2022     31 Dec 2021 
 Trading Portfolio Value      GBP6.8m       GBP6.2m         GBP13.7m 
 Company NAV                  GBP7.1m       GBP6.6m         GBP13.9m 
 NAV per Share              12.2 pence     11.3 pence      24.0 pence 
 Share price - mid           7.5 pence     8.0 pence          15.5 pence 
 Share price discount 
  to net asset value            39%           29%              35% 
 Market capitalisation        GBP4.4m       GBP4.7m          GBP9.0m 
 

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/

Mark Badros

Chief Executive

03 January 2023

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan 02077 696 876 [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto 01483 413 500

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January 03, 2023 09:02 ET (14:02 GMT)