Ocean Resources Capital Share Discussion Threads

[vassily] 17/12/2005 08:00

As stated previously, Gold City Industries amalgamated and is now within the San Gold Corporation. I assume OCE maintains a stake as I know of no news to contrary.
For those interested, SGR website address follows:



Interesting radio interview with SGR President available to download.

V

[vassily] 14/12/2005 04:03

Article of interest:



Let's hope OCE and other portfolios have quality junior miners in them if investors show interest. I think OCE may have a few.
V

[vassily] 11/12/2005 10:56

GS:
Thanks. I have had OCE shares for two years and never found this website when I searched for it. D'oh. Not that the website is any good, as others have mentioned. Just not a priority for OCE I guess.
So. What is the current portfolio? I am still in the dark.
V

[giant steps] 11/12/2005 10:22

Vassily - OCE has always had this website, nothing new. Much info out-of-date

[vassily] 11/12/2005 04:29

I asked on the TMC board about OCE stake and Energyi you are completely correct they got rid of their stake. Uhmmm. Oh well.
I also found out that OCE now has a website.



The portfolio is as follows:

Portfolio Companies

Ocean is a significant shareholder in all of the companies in its portfolio upon conversion of the loan notes. This effectively gives Ocean a significant stake in a series of projects and developments.
Company ORCH Investment £ ORCH Stake post-loan & warrants conversion *
Archipelago Resources Plc £4,563,000.00 44%
BM Diamondcorp Inc £1,750,000.00 35%
BPK Resources Inc £2,195,000.00 32%
Bralorne Pioneer Gold Mines Limited £5,000,000.00 44%
Burdekin Pacific Limited £1,301,000.00 42%
Cambrian Forestry Products Plc £845,000.00 20%
Gold City Industries Ltd. £2,400,000.00 14%
Intierra Limited £300,000.00 17%
Orevest Plc £3,600,000.00 22%
Picobello Andalucita S.L. £2,600,000.00 30%
Rheochem Limited £5,774,000.00 49%
Scorpio Mining Corporation £1,000,000.00 7%
St Barbara Mines Ltd £3,052,000.00 17%
StrataGold Corporation £304,000.00 10%
Terra Nova Gold Corporation £2,600,000.00 58%

£37,284,000.00


* assuming no further issue of equity

Only £3.8 million of the portfolio is in straight equity, the balance is in debt instruments, which are either redeemable or convertible into holdings of between 20% and 67% of investee company's share capital.

In some cases (approximately £7.5 million) Ocean has negotiated a loan repayable in gold at £315.00 per oz. At current gold prices there is an unrealized profit of approximately £1 million. The company has not hedged this position but will consider protecting any downside in the gold price in order to protect this unrealized gain.

Sorry about the messy paste. Seems that some of the original portfolio is gone.

V

[vassily] 10/12/2005 08:44

Energyi:
Thanks for asking for the portfolio. I asked a while back, but no reply. I hope you have better luck. I think everyone involved would like a clearer idea of what OCE is holding and has sold.
V

[energyi] 10/12/2005 07:47

Anyone have the entire Portfolio?

If you can put it into this format (see below), I will put it in the Header

PORTFOLIO:
CONFUSION?
Symb. Company========== Shares Price Mkt.Cap HIF%- HIFshs /C$2.04 PerHIF %NAV
AR.L-- Archipelago Res. xxxxmn 33.0p Pd0.0mn ??.?% 18.6mn Pd6.138 ------ 19.9%old
RHEP.L Rheochem Ltd.... 90.1mn 0.00p Pd0.0mn ??.?% x.xxmn Pd0.000 ------ 18.4%old
BPM.v- Bralorne Gold Mn 7.69mn $0.97 $7.46mn 18.8% 1.40mn Pd0.666 ------ 13.4%old
SBM.au St.Barbara Mines xxxxmn $0.31 $x.xxmn ??.?% 9.40mn Pd1.261 ------ 8.81%old
TGC.v- Terra Nova Gold. xxxxmn $.055 $x.xxmn ??.?% 13.3mn Pd0.359 ------ 4.50%old
BKS.au Burdekin Pacific xxxxmn $.010 $x.xxmn ??.?% x.xxmn Pd0.000 ------ ?.??%old
TMC.L- Toledo Mining... xxxxmn $.0?? $x.xxmn ??.?% x.xxmn Pd0.000 ------ ?.??%old
Central African Mining (11.2 percent);
Orevest (8.1 percent);
Central African Ventures (5.8 percent);
Gold City Industries (5.4 percent);
BPK Resources (4.9 percent);
Phamine Industrial (4.5 percent);
BM Diamond Corporation (3.9 percent)
Midas Gold (3.4 percent)
- - -

[vassily] 10/12/2005 06:47

GS:
Sorry if I made a mistake on TMC. I do not have access to your interim report. OCE is reluctant to divulge a lot of info. on its holdings electronically so I am left to scratch around.

My information came from the an ADVFN TMC BB:

It shows the holdings as of 22/11/2005. Ocean Resources is still listed.
There are also no RNS messages from OCE or TMC suggesting a sale of shares in August, September or October 2005.
3.254% of TMC shares is a substantial holding so wouldn't it show up somewhere, particularly on the TMC RNS stream?
The only RNS I found shows OCE bought shares/is interested in more. See below.
It is shame if they have sold as this share looks like it has more to do. And TMC is believed to be linked to the 3rd largest nickel deposit (soon to be) available for mining. Why sell this a stake in this, however small?


Toledo Mining Corporation PLC
29 October 2004


Toledo Mining Corporation plc


Shareholding in Company


The Company has received a notification dated 21 September 2004 that Ocean
Resources Capital Holdings plc subscribed for 33.275,000 ordinary shares as part
of the placing announced on 20 September 2004 and as a result is interested in
673,666,000 ordinary shares if the Company, representing 4.94 per cent. of the
issued share capital.

29 October, 2004

V

[shangrilar] 09/12/2005 16:27

Can't understand why most of the mining stocks aren't moving on the back
of this bullish gold run! Any insight would be appreciated.

[giant steps] 09/12/2005 14:15

vassily - be careful and thoroughly research OCE

Toledo was small-fry, and in anycase the Investment Managers's Report
from the interims (dated 26th Sept 2005) clearly states

"We have also taken profit with the COMPLETE sale of the holding in
Toledo Mining Corporation plc"

[vassily] 09/12/2005 10:30

As hinted at above (in 283 & 285), I think the TMC shares that rose from about 110p to 140p (27%) in November have a lot to do with this NAV rise.
V

[rambutan2] 08/12/2005 14:57

wow!

perhaps everything finally written down/off and upside finally beckons.

[giant steps] 08/12/2005 11:35

vassily - yes, truly a surprise (some magic revaluation !)

[vassily] 08/12/2005 11:32

GOOD NEWS!
The NAV has gone up. Now that is a first for OCE.
It has risen from 26.34p in Oct to 27.89p in Nov. Rise of 1.55p. Current mid price (19.5p) at 30% discount to NAV.
Maybe the December NAV will be higher than November's NAV. Let's hope so.
V

[vassily] 07/12/2005 03:38

TMC shares up +9% yesterday. More good news to come, so its PBB members say. Let's hope so. Perhaps the OCE NAV will rise a little in December. That will be a first.



V

[vassily] 05/12/2005 08:49

Good news from BDI mining (BMG):



I believe OCE has a stake in this diamond/gold miner. Please correct me if I am wrong. I also believe BMG shares are now only traded on the AIM and trading was stopped on the Canadian exchange. More details at the company website:



No change in BMG share price though, despite the news.

V

[vassily] 05/12/2005 05:17

OCE owns 448,223 shares in Toledo Mining Corporation (TMC), that is, 3.254% of the shares available as of 22/11/2005.

V

[vassily] 04/12/2005 07:18

Gold City Industries (which I think is still in the portfolio) has been absorbed into San Gold Corporation (SGR.v) and is on the Toronto Venture Exchange, as is Terra Nova Gold (TGC.v) and Bralorne Gold Mines Ltd. (BPM.v).

SGR and BPM are picking up, with SGR giving some good news about their resources on Nov 15th.

Two Gold Mines Scheduled To Begin Operations In December
10:08 EST Tuesday, November 15, 2005

BISSETT, MB--(INFOLINK)--Nov 15, 2005--Mr. Dale Ginn, President, provides an update on operational activities at San Gold's (TSX-V: SGR) two gold mines in Manitoba.

TGC has been a disaster as a share. Recent News is below. Note the name change planned in the last news piece. New name to be Terra Nova Resources Ltd.


Terra Nova Gold Corp.: San Diego Option Dropped
16:38 EDT Thursday, October 06, 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 6, 2005) - Harvey Keats, President of Terra Nova Gold Corp. (TSX VENTURE:TGC)(FWB:GLT) announces that after review of technical data on the San Diego Property, and an assessment of upcoming financial obligations required to keep the Company's interest in good standing, the Company has decided not to pursue the option to earn a 50% interest in the San Diego Property.

Terra Nova Gold Corp.: Annual and Special General Meeting
18:59 EST Thursday, November 10, 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2005) - David Patterson, Chief Executive Officer of Terra Nova Gold Corp. (TSX VENTURE:TGC)(FWB:GLT) announces that the Company will seek shareholder approval for a proposed consolidation of its common shares on the basis of one (1) new common share for up to five (5) common shares currently issued and outstanding. In conjunction with the consolidation, the Company is proposing a name change to Terra Nova Resources Ltd. Shareholder approval will be sought at the Company's Annual and Special General meeting which will be held on December 13, 2005.

More information at: www.tsx.com

V

[energyi] 03/12/2005 14:54

Studying this again after many months...

OCE has had some bad luck with its investments, it seems.
REI has done much better.

Interesting contrast- I wonder why?

[energyi] 03/12/2005 13:30

CONFUSION?
Symb. Company========== Shares Price Mkt.Cap HIF%- HIFshs /C$2.04 PerHIF %NAV
AR.L-- Archipelago Res. xxxxmn 33.0p Pd0.0mn ??.?% 18.6mn Pd6.138 ------ 19.9%old
RHEP.L Rheochem Ltd.... 90.1mn 0.00p Pd0.0mn ??.?% x.xxmn Pd0.000 ------ 18.4%old
BPM.v- Bralorne Gold Mn 7.69mn $0.97 $7.46mn 18.8% 1.40mn Pd0.666 ------ 13.4%old
SBM.au St.Barbara Mines xxxxmn $0.31 $x.xxmn ??.?% 9.40mn Pd1.261 ------ 8.81%old
TGC.v- Terra Nova Gold. xxxxmn $.055 $x.xxmn ??.?% 13.3mn Pd0.359 ------ 4.50%old
BKS.au Burdekin Pacific xxxxmn $.010 $x.xxmn ??.?% x.xxmn Pd0.000 ------ ?.??%old
TMC.L- Toledo Mining... xxxxmn $.0?? $x.xxmn ??.?% x.xxmn Pd0.000 ------ ?.??%old
Central African Mining (11.2 percent);
Orevest (8.1 percent);
Central African Ventures (5.8 percent);
Gold City Industries (5.4 percent);
BPK Resources (4.9 percent);
Phamine Industrial (4.5 percent);
BM Diamond Corporation (3.9 percent)
Midas Gold (3.4 percent)

- OCE.L ......... : - AR.L: xx.x% ... : - PCL: 15.6% .... : -- LAT.p ........ : -- FDC ........... :

[vassily] 03/12/2005 09:32

Rheochem share price seems to have picked up. I was told there was a small write up in Shares magazine. Rheochem stills lacks news and results.
Toledo Mining share price has also picked up a little, though it dropped back a touch yesterday. Looks promising. TMC board speculates important news to come in the next few weeks..
V

[giant steps] 03/12/2005 09:19

energyi - two sides to every story, you give an unbalanced post

[energyi] 03/12/2005 06:49

DEUTSCHE BANK AG


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non- beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18


SHAREHOLDER IN 2) ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

SHAREHOLDER IN 2) ABOVE

5) Number of shares/amount of stock acquired

N/A


6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

7,583,151

8) Percentage of issued class

8.9%


9) Class of security

ORDINARY SHARES OF 1 PENCE EACH

10) Date of transaction

NOT DISCLOSED

11) Date company informed

27 OCTOBER 2005


12) Total holding following this notification

4,016,849 SHARES


13) Total percentage holding of issued class following this notification

4.71%

[giant steps] 02/12/2005 18:55

vasilly:

Always thought OCE was a good way to play AR.
So when i see AR. 31p-35p, it all looks very sad at the moment.

Unfortunately OCE NAV for Nov'05 will be 2p+ lower than before,
and December will probably not see any improvement.

Hope for a better performance in 2006.



Closing screen prices bid 19p offer 20p, NIL volume

[vassily] 29/11/2005 09:12

Here is some information on Rheochem (AU):





Seems they are still alive.

There is also a ADVFN board, though rather embryonic: