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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ovoca Gold | OVG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.25 | 10.25 |
| Top Posts |
|---|
Posted at 07/12/2017 10:09 by oli12 Thanks. I can understand the caution here especially as many have lost money however the risk here is more than priced in. OVG trades at a significant discount to cash - let alone it's other assets. DYOR but worth a punt. |
Posted at 30/11/2017 18:28 by oli12 hxxp://bankrot.fedreLatest creditors meeting ref Taymura, my Russian is rusty but it seems positive for OVG. Let’s wait for the official announcement. |
Posted at 03/10/2017 17:49 by mbthedude Good to see you with the bit between your teeth fenners, hope life is treating you well. I look back on the pre Goltsovoye days with a smile so much promise then and it all turned to Shoite.Let Oli12 find out for themselves how it works eventually it will sink in. Given up on most of the stock market these days just hold some large PM companies that pay me a dividend and actually pull stuff out of the ground. Sector may come good eventually. Crypto space is far more fun now Bitcoin has been very kind Dudey |
Posted at 19/9/2017 06:37 by oli12 Thanks Fenners I appreciate your posts and assessment based on your experience here - it is something to consider. Investors in OVG cannot say they were not adequately warned about the numerous risks here. Please keep posting where you see fit.Some might be surprised when the AGM arrives here. |
Posted at 18/9/2017 20:52 by fenners66 The history for me is that years back we the followers of another board had a get together that included a presentation from Ovoca directors. We felt they had given us a special insight as to their company back then.It is hard not to take an interest after that. Once you get to know a company it is easy to read between the lines - having done that 9 years (9!!!) ago and not been proved wrong yet I don't mind adding to this boards understanding. By way of example I was looking at Laura Ashley at around 20p - someone on that board advised the MD had control - avoid. A little research turned up that he decided to spend ALL the cash on a building in Singapore - they do about 10% of their business in the far east. It did not seem altogether logical and now the shares have no dividend and are trading at 8p - needless to say I did not buy - parallels? I have that person to thank. |
Posted at 15/9/2017 22:21 by fenners66 I bet you are bored by now so if you really are not connected and you didn't read the accounts ..... I bet you a Mars bar you never get a dividend |
Posted at 15/9/2017 08:49 by oli12 Time will tell who is right Fenners my glass is half full, yours is half empty.i don't disagree the BoD have done nothing this year, nor the last either however I see this caution as a good thing, they are not just spending shareholders money frivolously as it's their own money by way of their holding. The administration costs are high however despite all the talk of FTSE 100 executive pay being too high and shareholder protests AIM executives pay themselves what they want and none cares. I think if OVG can get the money back they gave away this will represent a success. The cash they have which is in euros has actually gained value due to the € v £ exchange rate appreciation over the last 2 years. I don't disagree with your assessment Fenners I just see it as an opportunity. |
Posted at 15/9/2017 08:05 by oli12 Fenners just be grateful for the RNS and update - OVG isn't exactly the most forthcoming with updates / information. Go get your magnifying glass out however the basics are the co has €21.4m and a market cap of £6.63m - naturally all academic until the BoD decide to return a significant portion to shareholders.Note the board hold a significant portion of the shares here. |
Posted at 15/9/2017 07:47 by fenners66 A "set" of interims .....??!!The RNS says - go find them yourself we are not showing you the figures here.... Ovoca Gold PLC Interim Results 15/09/2017 7:00am UK Regulatory (RNS & others) RNS Number : 8064Q Ovoca Gold is pleased to announce its interim financial statements and report covering the six-month period from 1 January 2017 to 30 June 2017. Please click on the following link to view the full Half Year Report: Highlights: -- Cash and cash equivalents and available for sale financial assets of EUR21.4 million as at 30 June 2017; -- Total comprehensive loss for the six-month period to June 30 2017 of EUR1.2 million; -- Dividend income received during the period of EUR0.3 million from our holding of Polymetal International Plc shares; and -- Cash payment of EUR0.5 million received during the period relating to the sale of mining equipment. CEO's statement Dear shareholders, It is my pleasure to report to you our financials and the results of our work for the first half of 2017. During the first half of the year, we completed the disposal of mining equipment for consideration of approximately EUR0.5 million and continued with our search for an investor for the Stakhanovsky project. During the period we also remained very active with litigation regarding our outstanding loan to Taymura LLC, which was declared bankrupt by a Russian court order in February 2016. In accordance with Russian law, all assets of Taymura LLC were valued by an independent auditor, and subsequently divided into two main categories of assets, namely: 1) oil extraction and production equipment, including the license (valued at approximately US$11 million); and 2) oil products (diesel, gasoline, etc.) stored in stock reservoirs on site (valued at approximately US$1.3 million). Taymura LLC also has receivables (of approximately US$2.5 million) which are also the subject of litigation. The first group of assets were placed in an auction process in May 2017; as there were no participants in this first auction process, it was lapsed. The second auction for the first group of assets was originally scheduled to take place on 15(th) August 2017 at an initial price equal to US$10 million. However, this auction is currently suspended pursuant to a court decision. Beneficiaries of Taymura LLC have continued to use unconstructive tactics in the courts in order to try and cancel the auction process and to seek to remove Ovoca from the register of creditors and these activities have led to a delay in the bankruptcy procedures. Separately, Taymura LLC disposed of the second group of assets in August 2017 for US$1.3 million and the proceeds received from this disposal were applied to cover the register of current debt, including salaries of ex-employees of Taymura. Ovoca continues to pursue its legal options in order to protect its interests in the bankruptcy procedure and to enable the disposal of Taymura assets through the proposed auction at the market price. Sincerely, Kirill Golovanov |
Posted at 10/9/2017 17:11 by oli12 Well looking at Damille Investments most recent update, it seems they have sold their 4,382,100 shares in OVG. (5% holding). This was expected as Damille is disinvesting its fund - pleased to see this exit has happened without the share price dropping too much.Don't expect OVG to announce anything re the sale or who the purchaser is despite it being more than 5% of the companies capital... for long term suffers here that no shocker. |
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