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MVC Medavinci

0.87
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Medavinci LSE:MVC London Ordinary Share GB00B06LPZ62 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.87 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.87 GBX

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Date Time Title Posts
09/6/201511:21Traderabc Music Video Channel262
29/5/201113:42MedaVinci - Orogen Gold focus 2010 onwards2,490
08/3/201113:27Orogen Gold NEW MICROCAP GOLD EXPLORER1,086
15/9/201023:57MVC Orogen Gold5
28/2/200718:26Medavince with Charts & News3

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Posted at 29/5/2011 09:15 by liquid_bull
I think a new thread for Orogen Gold, might go down well with everyone here? It might be a good idea if kennyruss could do us the honor. I am invested in this company, and I feel the ORE thread created by Omnitrix was good initially but now I suspect it is no longer sufficient for the objective.

It is often difficult to dig up the relevant information, on companies that are not on people's radars. There are not any broker notes/analysis on this company that I have come across, if anyone else has any information would be a good idea to start fresh and credit to kennyruss he did a good job with the MVC thread.

I would like to know people's thoughts if you are content/happy with the ORE thread by Omnitrix, or the idea of a new thread? because I honestly don't think the thread we have can do the company justice. It would be in all our best interest ahead of any further announcment from the company. There is an element of concern in my mind as to the expectations, and ramping going on.

There are risks involved, but the company seem very excited about this Deli Jovan Product, and you get the feel this could really be a good year for Orogen Gold. There is always the people who are stuck in here from the spikes, who will be running for the exit. However there will be more serious investors who the Orogen story might appeal to and they will be ploughing in their capital. Of course I am only speculating here. It is very difficult to put a value on this or come up with a target price. I believe the price of gold will play a big role. I will be topping up on any dips/weaknesses. I will wait until the sampling/trenching results become apparent, but whatever the outcome now is a chance to get in early.
Posted at 04/3/2011 11:23 by davidcod
Result of EGM
TIDMMVC

RNS Number : 3572C

Medavinci PLC

04 March 2011

MedaVinci plc

("MedaVinci" or the "Company")

Result of General Meeting, Readmission, Change of Name to Orogen Gold Plc and

Approval for the Reopening of Access to Historic Mines at the Deli Jovan Gold Project

Result of General Meeting and Change of Name to Orogen Gold plc

Further to the announcement on 16 February 2011, and the admission document of the same date, the Board is pleased to announce that, at the General Meeting held earlier today, all resolutions, including those resolutions relating to the acquisition of remaining 51 per cent of Orogen Gold Limited and the change of name to Orogen Gold Plc, were duly passed by Shareholders.

The name change to Orogen Gold Plc (ORE.L) and readmission of the Company's entire issued share capital to AIM are expected to become effective at 8.00 am on 7 March 2011.

Board Changes

Conditional upon Admission, John Barry, Ed Slowey and Alan Mooney will be appointed to the Board as Chairman, Chief Executive Officer and Finance Director respectively and Paul Foulger, Michael Hough and Glyn Hirsch will step down from the Board. Paul Foulger will continue working with the Company as Company Secretary.

Approval for the Reopening of Access to Historic Mines at the Deli Jovan Gold Project

The Company is also pleased to report that the plan for the re-opening of access to the historic gold mines at Rusman and Gindusa at the Deli Jovan Gold Project has now been approved by the Serbian Ministry of Mining and Energy. Deli Jovan Exploration d.o.o. ("DE"), the joint venture company in which Orogen Gold Limited has the right to earn an interest pursuant to the Earn in Agreement, will now appoint a local contractor to commence the rehabilitation of the old mine workings which will facilitate detailed mapping and sampling of the workings.

The planned DE underground and surface exploration programme is aimed at demonstrating the continuity and grade of the Deli Jovan mineralisation and obtaining samples for ore processing recovery test work, which will feed into planning for the re-development of this historic gold mining district.

Total Voting Rights

Following Admission, the Company will have a single class of shares being Ordinary Shares of 0.1 pence each and there will be 1,669,012,453 Ordinary Shares in issue, each carrying one vote per Ordinary Share. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company's Ordinary Shares will be 1,669,012,453 and this number may be used by shareholders as the denominator in calculations to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

Adam Reynolds, Chairman of Medavinci Plc, commented:

"I am delighted that shareholders have approved the acquisition of the remaining 51 per cent of Orogen Gold Limited and welcome John Barry, Ed Slowey and Alan Mooney to the Board. The approval for the reopening of the two mines at the Deli Jovan Gold Project is another significant step. We have an exciting gold project in Deli Jovan which I believe will significantly enhance shareholder value."

Definitions in this announcement are consistent with those set out in the admission document issued to shareholders of the Company and dated 16 February 2011, a copy of which is available on the Company's website: www.medavinciplc.com. From 7 March 2011, the Company's website address will change to www.orogengold.com, to reflect the change of name.
Posted at 25/2/2011 10:41 by marab
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.
Posted at 20/2/2011 12:24 by rico_suave
It is common sense nothing goes up in a straight line there has to be a retrace somewhere. The gold price has been at an all time high but it declined now is retracing. We shouldn't concentrate too much on the share price. We own a piece of MVC that is what is important. I am no expert but with all the inflation the gold price will continue its uptrend and not just for weeks, months, but for years to come. I bought low and want to sell high but for that to happen I have to be patient and see what MVC Orogen gold does. A lot of people have taken full advantage of opportunities like this and bought on or added to their holding on dips which seems the wise thing to be doing at this moment in time.

carchase - good luck to you as well
Posted at 17/2/2011 12:47 by jenny tulwought
Apparently being p155ed 0rf by the continual decline of this company's SP, is regarded, in some quarters, as unacceptable. Accordingly, I should like to announce how delighted I am to see that, yet again, my investment has today, dwindled further.

Is it worth re-itterating that before the two batches of 'good news' via the RNS releases on 18th Jan and yeserday, the share price has fallen from 1.21 to 0.91? Probably not.

MVC is worth three quarters of what it was before the good news was released.
YIPPY, HAPPY HAPPY HAPPY !
Posted at 16/2/2011 08:27 by mickeyb
My main concern was whether the 3 directors would join MVC as they have the knowledge / experience to make this a gold explorer / producer. Now this has been confirmed, i am confident the share price will move forward. Basically a big question mark has been removed from MVC.

With respect to the soil samples they will come, we already know there are some very high grade gold veins at this mine.
Posted at 05/2/2011 11:58 by liquid_bull
Here is the post from chipperfrd

chipperfrd - 23 Oct'10 - 17:24 - 1289 of 2124


1nv35tor - since you raised the question of MVC and as this thread is meant to be for frank and open discussion about any gold stocks, here is my take:

(1) MVC are taking 49% of Orogen Gold which has an option on 75% of Reservoir Capital's stakes in the 2 old mines. Hence, initial attributable stake for MVC is 36.75%.

(2) MVC state they intend to take up their option for the remaining 51% of Orogen by allotting sufficient new shares to give the vendors 29.2% of MVC - so around 300m new shares to be issued from current level.

(3) If MVC take 100% of Orogen they will have a max 75% share of the 2 mines.

(4) For Orogen to earn 75%, Reservoir Capital require them to spend C$1.5m by 20/6/12 and another C$2m by 20/12/13 on exploration. So that is C$3.5m (£2.17m) that needs to be raised by MVC to fund that exploration. At 1p/share that would be a further 217m shares to be placed.

(5) Clearly, much depends on the availability of fresh cash through placings.

(6) Reservoir Capital has to relinquish it's exploration permit and Orogen have to re-apply and gain the permit - so there is a risk there.

(7) The mines have lain fallow for decades (although one must wonder why Reservoir have not progressed them since 2006 in such a bull market for gold). So mines will need de-watering, and made safe to modern standards.

(8) Exploration costs have been stated by MVC to be $840k (12 months), then $1.65m (following 9 months), then a phase 2 which will cost $1.9m = a total of $4.4m over 2-3 years. [these costs would meet and over-ride those in point (4)] and have to be funded by placings of course.

(9) MVC have stated that they are looking to prove up a resource of 100k gold in order to provide c. 3 years of production - but remember, at best they will only have 75% of this production.

(10) There is no stated resource for the 2 mines and only grades from rock chips and channel samples - this is far from being the same as assays from actual drilling. MVC will need good drilling results and enough of them to allow a JORC or NI43-101 categorised resource to be established (always difficult on narrow vein systems).

(11) The vein intercepts will also help to indicate just how economic mining might be (whether mechanised mining is possible or more likely, whether it will be by manual air-leg operations).

(12) There appears to be no information regarding metallurgy of the ore, or the status of all the forms of infrastructure required to actually extract and process the ores (Power, water, waste, transport, environmental, etc, etc). All these issues will need to be answered and permits issued.

(13) Given the pre-resource nature of this project I would estimate that, at best, it must be around 5-7 years away from production (assuming all goes well) and there is an awful lot of work and cash that needs to be spent along that time-line.

(14) I would worry a bit about management ability! MVC have managed their previous investments very badly. Most of them appear to have gone bankrupt and there are still issues hanging over the rump that is left. I would also be a bit concerned about Orogen who were only incorporated in April 2010.

It all looks way to early for me as I like to have far more project information before I will commit cash. No doubt some will make money trading the current hype and sentiment but the early winners will obviously be the directors who bought millions of shares at 0.1p in MVC and presumably a similar set of individuals who initiated Orogen.
Chip
Posted at 03/2/2011 10:18 by freedosh
Jenny, current price reflects traders activities not the future value of MVC, although I'm sure you don't need me to remind you of that. IF the further deal with Orogen goes through and the geologists come on board, then the share price will better reflect the value of what is, despite the existing mine workings, an early stage mine.
Does anyone have info on existing or local processing capacity? I was into CEY at 9p and 25p, currently over 140p despite the problems in Egypt. We had to build a whole plant in the desert - the plant was shipped in from S America - we got there and production is ramping up exponentially. Rightly or wrongly I see Deli Jovan as having the same potential but in what is now a far more stable political environment. Yes, I know the geology is different sand vs hard rock.
I believe REO are valuable partners - highly respected in their own field and they in turn have top class other partners for the mineral rights.
The share price is getting close to where I plan to add further, so not unhappy. i was fortunate in getting in here at 0.5p but have added 3 fold at higher prices.
Please DYOR - not investment advice etc
freedosh
Posted at 20/1/2011 14:44 by driver101
Zeus Capital is joint broker to MVC (The appointment of XCAP Securities as joint brokers alongside Zeus Capital Limited) Richard Hughes was probably Overweight at the time of the spike and unloaded some approximately 45m 630k that's what stopped the share price in its track the other day, at least he got shot of them in one go instead of the drip drip MVC is looking good to me.
Posted at 19/1/2011 12:50 by trading_chimp
From another place

Patience Jeremy L 2





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It is my view that the potential here is fantastic, its just a case of sticking with it for a bit longer than a day, a week, a month and even a year. Clearly the biggest uplift in share price with any junior miner is during the exploration phase and booking of reserves, you can look at any junior miner in precious metals, base metals or oil and gas and the biggest gains are achieved when reserves are discovered, appraised and booked.

The beauty of MVC is that we already know there is a lot of gold in the deli jovan area as there are two gold mines that have prior to WW2 produced a billion dollars worth of gold at todays prices. Im betting that there is at least the same again left in Deli Jovan if not a lot more. A 10km trend is a very long way and thats what the deli Jovan gold field is. Im a bit of a dreamer and Id like to think that a large amount of that 10km trend has the bonanza grade gold seam running through it, if it does then the potential here is hard to comprehend!

Medavinci and Orogen are in the exploration business and it is clearly their plan to appraise Deli Jovan properly before going into production. The great thing is, if they want to go into production to raise some cash then they can do that as well if they need to raise some cash. For me its a great combination to be able to be cash generative and to appraise your acreage at the same time. Maybe Medavinci will be a bit like Arian Silver in time and have an active gold mine funding an active exploration programme.

Ive taken the opportunity to buy more today on the sell off.

Cheers Jeremy
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