Ocean Resources Capital Share Discussion Threads

[rambutan2] 09/8/2006 10:45

gs, oce ranks alongside epd as a world championship winning disappointer! both share one characteristic - low grade board/management and a lack of capital. it's a bad combo.

[giant steps] 09/8/2006 10:32

Disappointing NAV announcements yesterday.

June 26.5p, July 25.6p

OCE 21-23p (unchanged)

[vassily] 29/7/2006 03:11

Nice one! BPM share price is reflecting the news.

[karzy] 26/7/2006 19:08

Bralorne just drilled through a gold nugget

[vassily] 11/7/2006 16:00

Rheochem PLC
10 July 2006


Press Release



Rheochem plc
("Rheochem" or "the Company") (AIM: RHEP)


Completion of lease acquisition agreement with Triton Austin Chalk EOR Inc.
("Triton")


Further to the announcement on 19 June 2006, Rheochem, the oilfield services
company, is pleased to announce that its newly formed and wholly owned
subsidiary Lochard Energy Inc, a Delaware corporation, has completed
satisfactory due diligence on the acquisition of Triton to acquire an undivided
55% working interest with a 0.75% revenue interest per 1% working interest over
twelve wells within the "Blackwell Lease" for a consideration of US$1.5 million.

Preparatory site works have now begun and oil storage tanks have been installed
on site.

Radial jet drilling on the first well is expected to commence in the last week
of July 2006 and drilling of all wells should be completed by the end of
November 2006.

[vassily] 15/6/2006 14:40

Looking back: up and down with the price of gold. No surprises.
Good to hear AR. are on track.
V

[vassily] 03/6/2006 08:28

Zedex Minerals Ltd. has commenced trading.



OCE has 12.4% stake in ZDX. The largest stake.

V

[rambutan2] 13/5/2006 23:17

yes, those finals looking overdue. but fairly typical of the management.

in any case, of interest (featured investments)...

[giant steps] 11/5/2006 22:15

Vassily - i think we will be rewarded, AR. and RHEP advancing and so much
other stuff thrown in for free. Discount is clearly over 10p.

Final results look overdue by 1 month.

OCE, unloved and ignored [ bid 24p offer 27p, volume NIL ]

[vassily] 11/5/2006 15:05

DB:
REI is a better quality portfolio. OCE may rise, but I am not expecting the same performance. Still I am glad I held my OCE shares as a reasonable return looks likely as gold etc. takes a grip of people's imaginations.
V

[davebowler] 11/5/2006 14:52

Take a look at its sister co.'s graph -REI- to see what reward the patient amongst us could get!

[vassily] 11/5/2006 13:07

GS:
With a discount of 10p or so, OCE's share price must rise in the next few weeks, surely?
Some one will write something about OCE I bet.
V

[giant steps] 08/5/2006 11:48

Vassily: RHEP should start to have an impact on OCE

In many ways investing in OCE is a safer way to play AR. and RHEP
as there is plenty of other stuff thrown in for free !

[vassily] 05/5/2006 16:33

GS:
With some exposure to the Canadian dollar through its portfolio, OCE has a little extra value.
Read:
Of course, this phenomenon applies to all companies earning C$.
V

[giant steps] 03/5/2006 10:03

RHEP 19-21.5p , AR. 45-50p ,

Value is growing for OCE (24-27p), discount must be at least 10p imo

[vassily] 27/4/2006 13:35

RHEP is looking good.

[giant steps] 24/4/2006 16:44

Vassily - look at it this way, OCE intrinsic value just gets better !

OCE unloved / overlooked, but may be not for much longer

[vassily] 24/4/2006 16:10

Olympus PM (OYM T) a gold producer/explorer that Zedex has a 16% share is the focus of this article:

OCE has a stake in Zedex.

Looks like Zedex plans to float in Australia (ASX)
Get prospectus from:

Ar. and RHEP move up and not a peep out of OCE.

V

[vassily] 19/4/2006 14:04

AR. up. OCE down. Uhmmm.
Edit: AR. up again to 50p (21/4) but OCE still at 25p. Next week we might see a further rise and the March NAV (I hope).

[vassily] 16/4/2006 06:18

Missed out on the recent news about OCE, Merit and Bralorne. If you have not read this too, read fron the link below.



Does the last piece of news (March 2006) mean OCE may have a life beyond early 2007?

What do people make of the move to increase OCE's stake in Merit and reduced stake in Bralorne. Better risk management or better prospects, or both?

The text below comes from the Merit 2005 Annual Report and indicates that OCE was not getting paid. Subsequently, OCE seems to have agreed a debenture (8% as opposed to 12%) and to take an even greater stake in company.



"As at May 31, 2005 the Company had working capital of $8,366. On June 8, 2005, subsequent
to the year end, the Company closed a private placement financing of $767,900 previously
announced on May 17, 2005 (see "Financing Activities").
The Company has in the past relied on flow-through financing to fund exploration on its mineral
properties and will continue to seek flow-through financing for on-going exploration in the future.
The Company will also seek additional working capital as required to meet on-going corporate
expenses and for future acquisition and development of properties.
During the year ended May 31, 2005, the Company realized proceeds of $367,875 from the
exercise of share purchase warrants.
Pursuant to the exercise of the option to acquire a 100% interest in Gold City's British Columbia
and Washington state assets on December 22, 2004, the Company assumed from Gold City a
loan from ORCH. The loan, which is in the form of 4,817 ounces of gold, is repayable in August
2006. In connection with the assignment of this loan, the Company issued 250,000 common
shares at a deemed price of $0.50 per share to ORCH on December 22, 2004. Interest on the
loan, (12% per annum) is payable semi-annually, 60% in shares and 40% in cash. The
Company paid the semi-annual interest payment due on the ORCH loan on January 31, 2005, in
the form of $54,633.16 (40% cash) and 92,715 shares at a deemed price of $0.88 per share
(60% in shares). The Company has not paid the semi-annual interest payment due at July 31,
2005 and, at the time of this report, is in negotiations with ORCH to re-structure the loan."


Nice jump in Merit (MEM) share price recently.

V

[vassily] 13/4/2006 13:55

Tick up on news that AR. price jumped today. See the chart above.
AR. price nearly reached 50p in the early morning.
V

[vassily] 05/4/2006 14:30

Yesterday, Scorpio share price jumped to C$1.38.
OCE has 800,000 wrts cnv C$0.60 of this silver explorer (as far as I am aware).
Not sure how this squares with the info. on the Scorpio website:

[vassily] 01/4/2006 05:33

Nice. BPM.v- Bralorne Pioneer moves back up to $1.90 to end the month.

[vassily] 30/3/2006 14:20

Hi GS!

Noticed that OCE website has some updates (finally). I take this as a good sign (especially as an updated website has, in my limited experience, indicated a going concern).



With silver prices on the rise (and the media telling all about Warren Buffet's interest in silver) what does OCE have to interest punters. I think they still have some Scorpio interests, yes?