Has anyone bought into this one. It looks to me like a hugely discount counted fund of minning companies. With a net asset value of 22p per share and two new companies to be listed over the next three months it looks to me like the only way is up!!!

I got some.Oil shares are up and down,but I have a small investment here 800 shares(around 100) in a group of 8 penny shares,but with good growth 800 shares could be 800 by 2006! They are all buy and hold until jan 1st 2006.I previously bought 'dana petroleum' then they promptly fell!So I soon sold..

EXCELLENT INVESTMENT OPPO, TAKE A LOOK AT LATEST RNS........

STARVEST plc

Interim report - six months ended 31 January 2005

Chairman's statement
--------------------

I am pleased to report that Starvest has continued to make good progress during
the past six months:

* The results for the six months to 31 January 2005 record a gross profit of
#598,000 on turnover of #615,000 and a profit on ordinary activities after
overheads but before taxation of #466,000.

* No dividend has been proposed for the period.

* The net asset value based on mid-market closing prices on Monday 31 January 2005
was #8.696 million which equates to 22 pence per share calculated on a fully
diluted pre tax basis.

* This represents a 17% increase on the value of #7.429m at 31 July 2004, the date
of our last annual report.

* Unrealised profits were #7m before tax.

* With the Starvest share price closing at 12.25 pence, the discount to net asset
value was 45% at 31 January 2005.

A summary of the current Starvest portfolio is shown below. The Directors are
most satisfied with progress so far and will continue to take profits as
opportunities arise.

During the past three years, Starvest has developed an investment spread. This
we will continue to expand by committing between #100,000 and #200,000 to each
investee as opportunities arise. Whilst we have no exclusive commitment to the
natural resource sector, we see this as having considerable growth potential for
the foreseeable future.

In addition to the fifteen current holdings, I am pleased to report:

* Starvest is committed to two further investments and is in discussion with other
potential investees; each investee company expects to launch on to AIM or OFEX
within the next three months.

* Starvest continues to receive new investment proposals from businesses, mainly
in the natural resources sector, which are evaluated over a period of six to
twelve months before a commitment is made.

Those Shareholders who wish to receive electronic copies of regulatory
announcements are invited to register their email address on the home page of
the Company website: www.starvest.co.uk.

Your Board continues to look to the future with optimism; we expect further
progress in the next quarter and plan to issue the Chairman's next update during
May 2005.

Capital requirements

In view of the satisfactory investment progress, it is the opinion of the
Directors that the Group is adequately funded at this time.

Conclusion

The Directors are very pleased with the six month results and look forward to
reporting continuing positive news following the Group's July year end.

R Bruce Rowan
Chairman & Chief Executive
9 February 2005

Investment portfolio
--------------------

Starvest now holds trade investments in the following companies:

Agricola Resources plc Platinum exploration in the Shetlands
www.agricolaresources.com

Belmore Resources (Holdings) plc Zinc exploration in Eire and Northern Ireland

Beowulf Gold plc Gold exploration in Sweden
www.beowulf-gold.com

Black Rock Oil & Gas plc Oil and gas in Southern England and Australia
www.blackrockpertroleum.com.au

Brazilian Diamonds Limited Diamond exploration in Brazil
www.braziliandiamonds.com

Franconia Minerals Corporation North American minerals
www.franconiaminerals.com

Gippsland Limited Tantulum exploration in Egypt
www.gippslandltd.com.au

Hidefield Gold plc Gold exploration in Brazil
www.hidefield.com

Matisse Holdings plc Cash shell

Myhome International plc Domestic cleaning services
www.myhomeplc.com

Oranje River Diamonds plc Diamonds in South Africa

Regency Mines plc Copper & nickel exploration in Australia

Sheba Exploration (UK) plc Gold exploration in Ethiopia
www.shebagold.com

Southern African Resources plc High value minerals in South Africa and
Botswana
www.sar-plc.com

St Helens Capital plc Corporate finance advisor
www.sthelenscapital.co.uk

I do like this share, if you see the companies Bruce Rowan has been involved with and is currently adding to his portfolio, Starvest looks a good punt at under 15p.

Starvest now holds trade investments in the following companies:

Agricola Resources plc Platinum exploration in the Shetlands
www.agricolaresources.com

Belmore Resources (Holdings) plc Zinc exploration in Eire and Northern Ireland

Beowulf Gold plc Gold exploration in Sweden
www.beowulf-gold.com

Black Rock Oil & Gas plc Oil and gas in Southern England and Australia
www.blackrockpertroleum.com.au

Brazilian Diamonds Limited Diamond exploration in Brazil
www.braziliandiamonds.com

Franconia Minerals Corporation North American minerals
www.franconiaminerals.com

Gippsland Limited Tantulum exploration in Egypt
www.gippslandltd.com.au

Hidefield Gold plc Gold exploration in Brazil
www.hidefield.com

Matisse Holdings plc Cash shell

Myhome International plc Domestic cleaning services
www.myhomeplc.com

Oranje River Diamonds plc Diamonds in South Africa

Regency Mines plc Copper & nickel exploration in Australia

Sheba Exploration (UK) plc Gold exploration in Ethiopia
www.shebagold.com

Southern African Resources plc High value minerals in South Africa and
Botswana
www.sar-plc.com

St Helens Capital plc Corporate finance advisor
www.sthelenscapital.co.uk

Just bought into this.
If the FD thinks that its worth 11 grand of his money then its certainly worth a couple of mine.
Been on my watchlist for a couple of months so not a difficult decision
Stevie

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SVE&MarketTicker=FINANCIALS&Typ=S

Well
It lasted well but yielded under the strain of what must be HELL DAY.
It's a massacre out there today.
pub calling.
Stevie

It was a very red day. The FTSE Aim has fallen by about 4% this week and the mining sector has been under some real pressure. My solution is to go short on the mining sector through a spreadbet account. It is by no means a perfect hedge, but does take some of the pain away.

tallsii,

I think the mining sector may suffer until end of year CGT selling is out of the way, and then recover.

SVE are a long term hold IMHO, Bruce Rowan is very shrewd, and I have every confidence in him increasing shareholder value over the longer term.

Why the fall? 50% discount to NAV now.

mjr1234,

I guess some of the holdings have slipped a bit, but I'm also a tad surprised to see the low SP and such a large discount to NAV on Starvest.

I hold, and have a feeling that sooner or later this difference will correct, so patience should pay off here IMHO.

Bruce has a good reputation as a shrewd operator, so I believe he will produce the goods here given time.