Ocean Resources Capital Share Discussion Threads

[vassily] 20/1/2006 09:02

Jambo172:
Do you have any news or links to Orevest? I found nothing much when I looked last. I will do a search.
V

[vassily] 20/1/2006 08:49

GS:
Thanks for the above. Useful.
V

[giant steps] 20/1/2006 08:24

Every 3p on AR. is worth 1p on OCE

In the last 2 weeks AR. has advanced 6p, i.e. worth 2p for OCE

AR. - bid 36.0p offer 40p
RHEP- bid 10.0p offer 12p
OCE - bid 19.5p offer 20p

[vassily] 20/1/2006 06:56

These are the last two RNSs I can find for OCE & St. Barbara Ltd. See below. Seems to me OCE still has a stake, but who knows.
I am dissapointed as OCE sold just as the St. B. share price lifted off. (See Chairperson's address below)

Chairman's Address at 2005 AGM... "in the 12 months since our last annual meeting, St Barbara has achieved a high level of success...St Barbara's share price has risen from 6.5 cents on 16 November 2004 to 28.5 cents at the close of trade 15 November 2005."

OCE sold a substantial portion of its holding at a low point! The price now is nearly $0.50!!! Is that 7.7 times the November 16th 2004 price? And this company actually produces gold. If they had waited they could have paid off some of OCE's debt with this (if they got in at a low price that is). Well... I am glad they might still have a interest.

St. Barbara Mines Limited
19 November 2004
SHAREHOLDERS' REPORT

Substantial Shareholder Notice

Attached is a form 604 (Notice of Change of Interests of Substantial
Shareholder) showing a modification in the interest held by Ocean Resources
Capital Holdings plc to 10.13%. Ocean Resources Capital Holdings plc have
reduced their holding from 107,480,547 shares in St Barbara Mines Limited to
72,480,547 shares.

St. Barbara Mines Limited
03 December 2004
SHAREHOLDERS' REPORT
Substantial Shareholder Notice

Attached is a form 604 (Notice of Change of Interests of Substantial
Shareholder) showing a modification in the interest held by Ocean Resources
Capital Holdings plc to 4.89%. Ocean Resources Capital Holdings plc have
reduced their holding from 72,480,547 shares in St Barbara Mines Limited to
35,000,000 shares.

[vassily] 20/1/2006 03:43

karzy:I can't see OCE as a large shareholder of NuStar. I don't know about loan notes etc. Maybe they sold NuStar as well, though I have seen nothing to indicate that (or anything else). Have a look at uptodate list from NuStar's website.

It is apparent that St. Barbara Ltd. was at one time heavily involved in NuStar.

rambutan2/Jambo172: Thanks for the St Barbara/Scorpio tip offs. I think I recall some RNS some time ago about St. Barbara. I will keep my eye on AR. (& RHEP
) as GS and others have suggested.
Hey! Never mind the company wind up. What about the shareholders who are wound up? OCE has not been fully transparent in its tranactions, especially if you don't receive the printed bi-annual reports. The website is a case in point. As for selling up in a rising commodities market (read also, rising inflation and unstable economic period) well...
I will be interested to see how the hedge funds play it. They got in on at a share price low point as I recall.
V

[jambo172] 19/1/2006 16:34

Ram /

You are right re wind up (or down)
Millenium / Laxey / DB is a shareholder base from hell.
However, not in a tearing hurry to sell anything. More likely some form of corporate exit for the larger positions.

[rambutan2] 19/1/2006 14:56

giant steps, look at the shareholder register. wind down a cert imho.

[giant steps] 19/1/2006 14:25

rambutan2 - over 1.5yrs to go, but may be they won't wind down

OCE in 2006 looks a neat way to play AR.
(plenty of written down / unquoted investments)

[rambutan2] 19/1/2006 14:10

trouble is, how much will AR be held back due to oce's overwhelming stake. especially as everyone knows that oce are in wind down mode. oce will have to play it cleverly and so far mr hutchins and co havent shown themselves to be that clever. likewise same sit with the rhep stake.

vassily, i think that they sold out of scorpio ages ago.

[jambo172] 19/1/2006 13:52

Vassily /

OCE have sold their St Barbara position ...
OCE is now pretty much a play of AR (40% of the portfolio)

[vassily] 18/1/2006 14:00

A few more people bought OCE today.
GS:
Yeah I noticed the rise of AR. today. I think more people are looking for some or more exposure to gold/metals. This is not a surprise if they have read some of the articles I have read in the last three months.

[giant steps] 18/1/2006 09:49

Vassily - thanks for your continued info.

Probably useful to keep a close eye on AR. as this is OCE main investment
(33m ords at 33p = £10.89m, prices bid 33p offer 38p)

In fact OCE is a great way to play AR.

Can now see next reported NAV above 30p, plenty of 'solid' upside, imho

OCE screen prices bid 19.5p offer 20p



Edit @ 10:30 AR. prices bid 35p offer 38p
Edit @ 12:30 AR. prices bid 37p offer 40p
Edit @ 16:30 AR. prices bid 35p offer 39p

[vassily] 18/1/2006 04:34

Upon further investigation, my post (307) was not correct (see below). St. Barbara Mines Ltd. (now St. Barbara Ltd.) did not merge with Defiance, therefore OCE does not have interests in Defiance or Rio Narcea. The good news, if OCE still has an interest in this one (?), is that St Barbara share price has been steadily going up over the last six months. In 2004 there was a key change in senior management.

GS:
FYI. I believe St. Barbara Mines Ltd. was swallowed by Defiance Mining, which was then swallowed by Rio Narcea Gold Mines Ltd in June 2004.



I assume OCE now holds some share of Rio Narcea (RNG).
V

[vassily] 18/1/2006 03:25

Willo:
Thanks for the information on Scorpio. I think what I meant to write was people have shown more interest in silver juniors of late as the silver price climbed. Despite my mistake, it is still good news that Scorpio has something positive to report and that OCE might benefit in the future.
GS:
Thanks for the Dec 05 NAV. I think Jan 06 NAV will be higher still. I note that OCE price rose a little near end of trading.
V

[willo] 17/1/2006 17:27

Vassily - Scorpio is not a quality silver play. This company raised a lot of money from the London and European markets under Peter Hawley on the back of promises that have never been delivered. Suffice it to say there are a lot of very hacked off people in London and Canada.

[giant steps] 17/1/2006 15:53

Better NAV than i expected, so with AR. making a recovery OCE may soon turn

[vassily] 17/1/2006 07:10

A few people sold yesterday. Bad timing? Maybe. After a few days away I note that prices of some of the portfolio constituents (the ones on the Canadian exchanges) have risen further. Fine, these are not major holdings, but still the movement is upward. What do people think about the OCE holdings (those that people believe OCE holds) listed on the UK exchanges?

[vassily] 10/1/2006 05:44

I wonder what is in store for OCE in 2006? Will it be a late developer in this commodities market or is its portfolio just not good enough quality. I wonder what is going through the heads of those with large stakes in OCE when they see this commodities markets. Will the wind up of the company in spring of 2007 make sense? Uhmmm. From what I have seen of some of OCE's portfolio, some of its junior miners have received more interest of late (higher prices and volumes in some cases) in line with the expansion of media time given to gold, other commodities and political/economic news.

[vassily] 10/1/2006 05:16

Some good news from Scorpio Mining (SPM) about its silver resources. In recent weeks the share price and volume has risen. This may suggest more people are moving into the quality silver juniors.


Mon Jan 9, 2006
Scorpio's Drill Results Continue to Enhance Resource Development at Nuestra Senora, including 596.98 g/t Ag, 16.67% Zn, 4.06% Cu and 3.23% Pb over 5.90 metres
Vancouver BC, January 9 - Scorpio Mining (TSXV:SPM) is pleased to announce additional assay results from underground drilling on the Nuestra Senora deposit located in Sinaloa State, Mexico (Table 1). The latest results from nine drill holes continue to expand the size of the deposit both laterally and at depth.

Peter J. Hawley, President and CEO reports: "As mentioned in previous releases, in less than a year we have outlined the equivalent volume of resources mined by ASARCO from the Nuestra Senora deposit during their 10 years of production, and are now in the process of surpassing that amount significantly. With the added results from these latest holes, there are now 113 reported mineralized intercepts from 36 underground drill holes that are available to supplement the initial NI 43-101 Inferred Resource estimate of 1,180,280 tonnes grading 219.10 g/t Ag, 3.79% Zn, 1.23% Cu, 1.13% Pb and 0.248 g/t Au (Reference: Sedar filing - November 9, 2005). Given the exceptional continuity of mineralization demonstrated by drilling and our deposit modelling capabilities, we have been highly successful at targeting new mineralization and steadily increasing the dimensions of the deposit. Our confidence in the potential to expand the deposit both laterally and vertically remains very high. The recent strong upward trend of prices for all metals present within the Nuestra Senora deposit can only enhance the potential economic viability of the project in 2006. The Nuestra Senora deposit is the largest of four polymetallic deposits clustered together on the property. The potential for the Santo Domingo and Santa Teresa to contain similar mineralization has yet to be evaluated and is scheduled for exploration in 2006."

[vassily] 09/1/2006 13:46

Burdekin Pacific has changed its name to Redbank Mines Ltd.(RBM).
They have gold and copper resources. The copper resource was acquired recently. Good timing?



V

[vassily] 09/1/2006 12:07

This is of interest if SGR is a constituent of OCE portfolio. From my research, I think it is, although it may be a small constituent.

San Gold Corporation Comments On Recent High Trading Volume
12:13 EST Thursday, December 22, 2005

WINNIPEG, MB--(INFOLINK)--Dec 22, 2005--San Gold Corporation (TSX-V: SGR), (the "Corporation") wishes to publicly respond to inquiries it has received from several market participants and shareholders regarding the unusually large volume of trading on December 20th in the common shares ("Shares") of San Gold Corporation. On December 20, 2005, 6,318,533 shares were traded, whereas between December 1, 2005 and December 19, 2005, the volume of shares traded on a daily basis has been in the range of 151,450 to 844,986, with an average daily trading volume of approximately 335,000 shares for that period.

The Corporation wishes to confirm that it is not aware of any undisclosed material information regarding the Corporation that would justify the unusually high volume of trading in the shares.

The Corporation has confirmed that the unusual volume of shares traded on December 20, 2005 was related to the sale of a large block of shares by one shareholder to multiple buyers, including one large Canadian and one American mutual fund. In addition, the Corporation confirms that no insiders participated in trading on that date.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

San Gold Corporation Bissett, Manitoba, Canada, R0E 0J0 Tel.: [phone] Fax: [phone] [e-mail] www.sangoldcorp.com

CONTACT: San Gold Corporation
Dale Ginn, President
[phone].

[giant steps] 05/1/2006 12:05

I see Energyi is providing us with new header charts - thanks