Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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RNS on scally disappointing hence drop in price and knock on impact here, feels oversold currently.
Great Expectations bad vibrations, opportunity to top up, buy when people are fearful.
This share is a proxy for GGP - I just wish more people appreciated it (and traded it - at least the spread would narrow).
Nd
This bb is like the Mari Celeste! Taking me back to the day when one played chess by snail mail. You got to make your move every week or so.
Not surprisingly Hydrogen here today.. We had SVE up 14% header for a chunk of the afternoon. By hook or by crook l have ended up with virtually a 1:1 ggp sve split so 14% a day will do me just fine.
Just a shame the spread is so big.. Although l don't suppose it matters until we choose to sell and that isn't going to be any time soon. Soonest 50% discount to nav is reduced the better all round
Mike
Newcrest Mining has approved the A$146-million construction of the Havieron project, in Western Australia, following the receipt of the necessary regulatory approvals.. I Apologise if I have posted this twice. Great news though. https://www.miningweekly.com/article/newcrest-approves-havieron-spend-2021-01-13
Expect a further up tick today as it tracks GGP upwards
Expect Sve to eventually settle at 20 to 25% discount to NAV, then track Ggp all other things being equal. Gradual rise to 42p on the cards. There is potential in some of the other stuff so with Precious metals and Industrial metals on a bull run could easily see this hitting 50 p within next 6 months, of course in Ggp hit the big time once more.....
You were miles off ;-)
RNS out confirming I was slightly pessimistic with my guesstimate. Official company figure is 54.51p/share.
NAV at December 31st now confirmed as 54.51p representing 43% discount to NAV
The value of the 6 main holdings as last reported, before cash and based on mid-market price (they usually calculate on bid price) is £33,174,577 or 57.2p per share as at Thursday's close. GGP represents more than 91% of that if still holding 82m shares.
My guesstimate for the early January 2021 RNS giving the portfolio value at 31st December 2020 is 53.8p/share. Buys at 32p are just over a 40% discount at present.
Official Mkt Cap is £17.8m at 31p mid. The portfolio is worth £31.0m.
Agreed it’s an incestuous arrangement with Callum and Gemma both cross pollinating, does not preclude other interested parties from crashing the gravy train. Value anomalies eventually get back to near value, financial gravity always wins. Anyway with 2020 vision let’s all hope 2021 is a better year. Blwyddyn Newydd Dda (British for Happy New Year)
Scout
Did nobody tell you this is Callum’s vehicle. Takes a salary from it and gets to write an annual statement.. approx erm.. once a year. Unless that is a conspiracy theory you’re toying with- in which case who would benefit most?
Merry Xmas one and all Greatlanders or whomever you support
Heading toward 45p and that’s assuming no uptick in Ggp. If i was Gervaise I’d make a bid for Sve at say 40p settle at 45 and cancel the shares. That’s why I’m not in charge of a company.
should be 'major holdings'
GGP now represents something like 93% of Starvest's NAV. Adding in the other 5 majors the Starvest NAV as at last night's close was just over 56p
I decided to try my hand at calculating the nav.
Open to correction if I have it wrong!
I have only calculated it on the basis of the value of GGP, haven’t valued the other bits and pieces.
Number of shares in issue 57,573,986. I’ve taken that from the RNS 14/7/20.
Current value of GGP 36.5p .
Number of shares held in GGP 82 million.
Value of GGP holding £29,930,000.
NAV per share (based solely on GGP) 51.9 p.
Current sale price of SVE 26p.
Discount is therefore 50% , and a bit more taking into account the other holdings.
This is a long term hold for me, as is GGP itself.
Exciting prospects for us for next year and we’ll done the BOD’s here.
Just tried to long Sve on ig but would not allow only shorts so market already pricing in recent uptick in Ggp, these at fair value are 40p in anyone’s money, and with the momentum in Ggp I’m a buyer. Sold all my Ggp and repurchased at 60% of price, gutted as its more like 70% now.
Zedder
I like you prefer sve to ggp as it appears you are getting 1.6 - 2x your money with this share. You did your calculations when ggp was 24+ and at that time sve was 20p.
When-NOT IF - Greatland touch 36p this week we should be looking at 30p for Starvest! This of course not withstanding the obvious discounts to NAV already built in.
Could someone/anyone get onto Simon Thompson of IC fame and point him in our direction.. he has MTR on his radar as he believes they have an interest in ggp thru outstanding warrants. He has a monicker of simple Simon or Simon said and used to post on bango(bgo).
Callum has been on record to say “if Greatland is taken out or has cash to distribute then it will be passed directly to sve holders” but personally l do not want this senerio. I would much prefer we go to mine and ride with this tremendous share for the foreseeable. Hail Callum and sir Gervais.
You heard it first on here.. SIR Gervais Heddle
Im with you Scoutt - this is a great play for me. I like everything about it. A bit of research on the Starvest website told me everything I need to be an investor here. Great hedge play.
GLA
Money to be had here when Ggp rises strongly as Sve lags usually by a few days, similar lag if Ggp falls as seen last week, Ggp down 20% Sve down 4% at one point. Beats me why anyone buys Ggp at present when you get roughly twice the amount of Ggp by buying Sve. I’m not a professional so liquidity is not an issue. Anyway we can let Ggp do all the lifting whilst we look on and cheer.
A 94% pull-to-NAV.
NAV per share is now ~48.5p
Sharpe price is 25p
Still a lot more to go for a fair discount to net asset value. 35p would be about right.
If the vaccines all work to plan. I will have it when its my turn.The Vaccine is brilliant but the multi Crisis is not over.Financial Crisis because of the £$£$ Trillions in cash the world nations have borrowed.its many times larger than the financial crisis 2008-2009. Geopolitical crisis with China which involves dangerouse disputes with India.US.Australia.Bhutan.South China Sea. US-Iran. Turkey a NATO Member & with NATOs second largest conventional standing armed forces,has gone rouge by invading Northern Syria.Kurdish Northern Iraq.sent military into Libya,Somalia.etc. Politically, nations are become nationalistic.From USA to Russia & from China to Turkey. Then there is Brexit disaster.UK & Europe. So after the vaccine it wont be back to normal.Gold etc will do very well IMO at time of perfect storm.Large Unemployment.