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given that 90% of SVE portfolio of losers is GGP, what is the point of SVE..... none other than provide a pension for some old duffers who have lost complete touch with what is going on... pointless company
Wonder if Starvest are participating in the GGP placing.
I hope he is up to something. We pay him enough.
Could anyone explain how ggp can go up 25% in a week but this stubbornly stays the same?!
I believe that there is a 1.6 gearing here.
That is to say starvest should be about 19p
For the record I firmly believe that the offer for 5% is well under value and Newcrest are/were responsible for the massive short selling. They will most certainly go all in and own 100% of haveiron some time soon.
Intriguing!
What you up to Callum? Lol
The Board is currently considering opportunities more likely to better align the Company's stock price with what it regards as the intrinsic value of the Company's portfolio.
Thanks nextdeal,
I've found an earler RNS now , 05th May 2020
'Starvest currently holds 82,000,000 shares in Greatland Gold plc representing 2.2% of the company.'
Check the RNS of November 2017 for an indication.
Nd.
Is it circa 80 Million?
Thanks
That woke you up eh?
Would be nice to be in the know here! Where would Callum invest our money??
Artemis perhaps before they hit paydirt, join Metal Tiger in investin in Sandfire?
Or some other we have previously never heard about
I read in the Financials they will distribute 50% to shareholders and invest the remaining of any income. So some dividend and potential growth. the worry is the share price lags behind their paper market cap. Would expect they would hold onto the GGP shares unless purchased outright its a long hold.
Sheriff. You need to keep in mind this is Callums' baby!
He is not very forthcoming with information - except at result time - but I would like to here what he has in mind for the windfalls coming our way for the 5%.
Technically they - Starvest - don't need to do anything as the share price will take care of itself but it would give excuse to issue a RNS at the very least. Does anyone remember what price prim sold at?
Would seem a reasonable decision with hindsight!?
21% spread really stops you selling!
Could Newcrest buy Starvest and save a little as they own 2% of GGP? or not worth the trouble?
Yes, if Newcrest want to buy 5% then clearly they would like to buy all 30% of Havieron. That could lead to a value realising event in the near future. Still Starvest sp is reluctant to get over enthusiastic and manages to lag the current valuation of its assets by 40% even 50% at one point this morning. Aren't there any funds or Australian gold mining companies out there that look to buy up undervalued funds like Starvest?
So production at Havieron is definitely on, could be a huge surprise for Ggp shareholders when valuation of 5% comes out. Lots more to come and remember this is Havieron only whatever happens the rest of Ggp is in for free.
Time to wake up SVE shareholders! RNS arrived today from GGP indicating that Newcrest want to buy the 5% that they have an option on (which expires in December 2022) a whole year ahead of time. GGP currently up 17% and rising. Net result of the Newcrest move is that, by the end of Feb 2022 we’ll have an official valuation of the true value of GGP. What’s that likely to do for the SVE share price? Have a guess. Personally I think it’s time for a top-up!
Soldtoosoon:
Agree things have been disappointing for some time. I see that the largest shareholder is listed as “The estate of Ronald Bruce Rowan (deceased)”. So your diagnosis that PIs are merely asleep may be overoptimistic.
The run up to the AGM in a couple of months might be the best time to kick some life into the bb?
Cheers
Have to say that I thought my last message would generate a bit of a discussion about how the company is managed, but it looks like Callum and Gemma aren’t the only ones here asleep at the wheel of their investment vehicle! The tumbleweed rolling past in the background is almost palpable. Anyway, I promise not to disturb everyone’s slumbers again until GGP shows some signs of stirring!
I think it’s reached the stage where SVE shareholders are entitled to ask exactly what we’re paying Callum Baxter and Gemma Cryan for, with shares or otherwise? With the exception of Cora Gold (and even Cora has fallen nearly 50% from its year high), every one of SVE’s investments (and that includes GGP) has fallen massively in value since the turn of the year. Basically these 2 are asleep at the wheel, but still getting paid for it. If, as some say, SVE is merely a discounted play on GGP, what don’t Callum and Gemma sell off the non-GGP investments, use the cash to buy extra GGP stock and divide up the GGP shares amongst existing SVE shareholders. I for one would be very happy to get 1.4 GGP shares for every SVE share I hold. Of course Callum and Gemma won’t bother to do this while they’re getting paid to do f*** all!
I doubt it. There was very little cash showing in the half year report and 2 directors were paid in shares.
Does anyone know if starvest contributed to the raise last week.?
There was certainly nothing by way of an rns
I don't see an alternative strategy. It's a discounted bet on GGP. Any significant sale should generate proceeds for a return to shareholders, I think it will be long wait though.
Well, it’s taken a while but I’m back above water on the top up mentioned above; just need a bit more of a rise to get my entire holding into the same place! A little disappointed that whilst my holding in GGP went up 35% in value last week, my holding in SVE only went up 15%. I originally bought into SVE to cover the possibility of a sneaky takeover offer by Newcrest. I still think that’s a genuine possibility, but it may be a way off yet. Interesting challenge for the BoD to move the share price closer to the NAV/share as this is no time to be selling any more of the GGP shares! Anyone have any thoughts on an alternative strategy to reduce the shortfall to the NAV?
Seems like an age with tha Chinese torture of drip drip drip of Ggp, those who are not risk averse see an almost dead cert but have to wait for the safety brigade to get on board, let’s hope the herd push this to silly territory, would not be the first time, anyway PDF’s out Tuesday and we will know more, maybe Ggp will get an unexpected bonus when Newcrest get their final 5%, who knows how much that will be, minimum £50M could be as much as £100M either way there so much more from Ggp. Alm