Medavinci Share Discussion Threads

[rico_suave] 26/2/2011 20:21

I won't be able to monitor it and regulary update it so I probably am not the best person to start a thread and nor do I have the knowledge to do so :)

[rico_suave] 26/2/2011 20:16

Let them do the name change first

[saturdaygirl] 26/2/2011 20:15

Go on then Rico

[rico_suave] 26/2/2011 17:48

We should have a new thread for ORE then?

[rico_suave] 26/2/2011 17:48

we should have a new thread for ORE then?

[drago] 26/2/2011 11:40

ORE
like it

[ericban] 25/2/2011 15:44

Just seen it in today's Newswire bulletin.

Dowjones Newswire:London Desk

25th February 2011

Range Resources ( RRL:LON ) announced it has started drilling
operations at its East Texas Cotton Valley prospect.Company
chairman Peter Landau said that recent activities in texas
would strengthen the reserves,production and cashflow.Also
range updated the market on progress at the North Chapman
ranch where successful FRAC stimulation has generated flows
in line with expectations.Range are expected to embark on its
long awaited programme in Puntland and Georgia shortly.


Medivinci ( MVC:LON ) are due to become Orogen Gold Plc on the 7th
March 2011,last year the group conducted a reverse takeover of Irish
Orogen Gold Limited and will take up to 75% of working interest in
the Deli Jovan Gold project in Serbia which was previously one of the
worlds most prolific gold mines.The mine is due to re-open on the 2nd
March and sampling results released in the near future.The groups
epic will change on the 7th March to ( ORE:LON ).

[ericban] 25/2/2011 15:42

I'm afraid I don't know the OP, or where he got his information from. I just read it and found it interesting.
EB

[driver101] 25/2/2011 15:28

ERICBAN

I don't know where this date came from (Mine re-opening completion * - 2nd March 2011) This is the MVC Timeline that was listed in the last RNS

EXPECTED TIMETABLE OF PRINCIPAL EVENTS 2011

Admission document publication date

16 February

Latest time and date for receipt of Forms of Proxy

11.00 a.m. on 2 March

Time and date of General Meeting

11.00 a.m. on 4 March

Completion of the Acquisition, Admission and commencement of dealings in the Enlarged Share Capital

8.00 a.m. on 7 March

Change of Name to become effective

7 March

[ericban] 25/2/2011 15:03

On iii Charlie Bracken has posted an excellent MVC Timeline, if anyone would like to visit.
EB

[marab] 25/2/2011 14:09

"It's comforting to me when I buy a share and it goes up", can't argue with that. Generally many of those who buy cheap will sell on a decent rise. Those that buy in at that higher point have a higher share price base and generally won't bail out until they get a decent profit at which point the cycle repeats and hopefully the base level is higher as time goes on. A few short months ago people would have waited until the price drifted back down to 0.4p, now it's about 0.8p thus ericban's comments.

And may you all have a good weekend to make up for this pretty horrendous week.

[rico_suave] 25/2/2011 14:07

Jenny, why don't you email the chairman of MVC? It might make you feel better. This price is holding up well it hasn't dropped down to 0.4-0.5 it could have done so just sit tight and wait just like everyone else here its all good telling people what they want to hear but the truth is we are all playing the waiting game. Good Luck ALL

[ericban] 25/2/2011 14:03

If I could time it right every time, or even most of the time, I'd be a hell of a lot better off than I am!
EB

[ericban] 25/2/2011 13:56

marab,
Thanks, and good luck, I think my highest was 1.09p and got around 600k at 0.4p.
I'm pretty comfortable with my average to date. It's always comforting to me when retraces happen, it show's it's not a bubble just diffetent types of investors entering and exiting.
EB

[marab] 25/2/2011 13:01

ERICBAN, cheaper than my last purchase by about 10% well done.

[ericban] 25/2/2011 12:51

Just got another 150k of these at this bargain price,0.81p! I've been wishing it would get filled since first thing, but thought the LSE failure was going to mess it up for me. That's 1.5m between my Sipp and Trading A/c I've accumulated in the last 3-4 months from 0.4p. I have very high expectations here, and thought I'd waited too long when it spiked around 1.5p. Just goes to show, I know less than even I think sometimes. Ok driver, take the brakes off now.
Regards
EB

[marab] 25/2/2011 12:29

I thought that February was optimistic when they first said that, but the actual sampling was basic stuff and the weather was good at the time. They may have taken samples earlier for all we know (Orogen perhaps). The historic figures here are good and hopefully the new samples will be similar, but if they are bad then sell quick if you can. The odds are good I think for excellent sample results as there has been fairly wide spread mining in the area for a long time. I am about as expert in this as you so make your own mind up, but if the sampling is good and all goes to plan this could be a very good investment indeed.

The directors are heavily invested here which is a bit of comfort and increased their share holding in the last fund raising which is an indication of their confidence, and if we lose they lose a lot more.

[jenny tulwought] 25/2/2011 11:32

Drew / Marab. I hope you're both right and we're all in the black before much longer. Were we not told that the sampling results would be promulgated by February? Since Monday is the last trading day this month, should we expect news (fingers crossed, good) on 28th?

[marab] 25/2/2011 10:41

Jenny Tulwought, as Drew points out we haven't had that much of a retrace and the last few days have hit most stocks. The potential is definitely there and it is amazing how the nearer we get to news(the sampling results) the more people sell off due to boredom and lack of news (same at BMR and KEFI). Most of them will jump back in on the next spike and repeat the process. The only thing that has changed here is the share price and the fact that we are closer to the testing results RNS. Neither of those are reasons to sell unless you have no choice. Look at the graph and see how far we have come on no real news whatsoever. The big news is yet to come, and I am not only holding but buying a few more. Watch how the share price moves up in the next couple of weeks.

[drewxland27] 25/2/2011 10:31

Jenny you have to consider that many of us have been in from the 0.4 days and profit taking after such a substantial rise was always going to happen. From only a couple of months ago the value per share is up circa 100 per cent. The potential is here, especially those holders who are willing to wait for the next leg up. The money is always made in the waiting.

[jenny tulwought] 25/2/2011 08:37

And again - so much for 'holding up well'. So much potential apparently. Infact so much that holders can't get rid quick enough ???

[marmar80] 24/2/2011 19:02

down again

[rico_suave] 24/2/2011 14:21

Medivinci ( MVC:LON ) are due to become Orogen Gold Plc on the 7th

March 2011,last year the group conducted a reverse takeover of Irish

Orogen Gold Limited and will take up to 75% of working interest in

the Deli Jovan Gold project in Serbia which was previously one of the

worlds most prolific gold mines.The groups epic will change on the

7th March to ( ORE:LON ).

[drewxland27] 24/2/2011 14:16

I cant see it dropping much further from here with with name change, website update and results coming soon. Should gather momentum as it comes onto peoples radars... From news wire today

24th February 2011

Medivinci ( MVC:LON ) are due to become Orogen Gold Plc on the 7th
March 2011,last year the group conducted a reverse takeover of Irish
Orogen Gold Limited and will take up to 75% of working interest in
the Deli Jovan Gold project in Serbia which was previously one of the
worlds most prolific gold mines.The groups epic will change on the
7th March to ( ORE:LON ).