Serial investor Bruce Rowan’s Starvest resources investment vehicle is sitting on around £5 million of cash and £15 million of share stakes on AIM and PLUS after making a tidy profit on the takeover of African Platinum by South Africa’s Impala group. Rowan says Starvest, which is quoted on AIM, spent £200,000 buying its original Afplats stake at 1p, with warrants exercisable at the same price, and eventually sold out at 55p.

The company, which increased nine-month profits 280 per cent to £4.9 million, now has 33 investments on AIM and PLUS. These include Dr Bob Young’s Beowulf Mining, now at a depressed 4.6p but with a range of potentially lucrative interests in Scandinavia, including uranium prospects in Finland.

Rowan’s interests have nearly 29 per cent of Beowulf and recently provided Young’s company with a £250,000 loan convertible into shares at 4p. Starvest’s winning streak does not seem to be over yet.

Starvest	AIM	£2.71m	7.75p	0.00p
Click here for interactive charting
Other company articles:
Starvest counts its cash pile			10/08/2007
EMED spin-off for AIM			13/11/2006
Robert Tyerman’s Exploration Insights			13/03/2006
Rowan backs gem group			20/02/2006
Energy hopeful seeks £0.2m on OFEX			26/08/2005