Ocean Resources Capital Share Discussion Threads

[energyi] 12/2/2004 10:03

Here's one I'm researching, Ocean Capital has a stake :



From the BB's...

SUBJECT: RE: WHAT's HAPPENING Posted By: national10
Post Time: 8/18/03 13:15
Stay away.
I have posted here earlier and this is not an upfront oportunity.
Review my previous posts and check out the relationships to other failed companies!!
The only thing you have hear is a potential spec. play based on the rising gold prices. IMO!

SUBJECT: Drill program about to begin Posted By: highgrd
Post Time: 9/16/03 09:59
drilling at cape ray is slated to begin shortly and the stock price is starting to reflect it $.32 - $.375 up $.04

SUBJECT: NEWS Posted By: DW155111
Post Time: 9/22/03 12:30
Mr. David Patterson, Chairman, Terra Nova Gold Corp. (the 'Company') is pleased to announce that mobilization is underway for a 3,000 metre drill program on the Company's advanced stage Cape Ray Gold Project located in southwest Newfoundland... The program in expected to last for approximately 2 months.
...The Big Pond deposit consists of two parallel-plunging mineralized quartz vein shoots within a more widespread mineralized system. Four holes in one of the shoots average 12.8 g/t over 2.3 metres. Three holes in the second shoot average 14.7 g/t over 1.3 metres.
...MORE:

SUBJECT: Cecil 5 Posted By: national10
Post Time: 11/27/03 17:51
STAY AWAY FROM THIS COMPANY.
Some of the directors have had a long history of failed pump and dump connections. No real companies haver ever developed. This is IMO only.
PLM, SVT, to name a couple.

NOTE: Drilling program must have gone badly: No News

[energyi] 12/2/2004 09:32

Sam Hutchins has had more success with Resources Investment Trust,
but is still not making much money for his investors in a RAGING
Bull market

Having said that,
if you had waited for REI to fall to 60P and bought then,
you would have nearly doubled your Money & NAV is nearly 150P

[chrislewis7] 12/2/2004 09:17

thisismoney co uk
Follow the small companies link.

[rambutan2] 12/2/2004 02:02

do this lot have a website?

[chrislewis7] 11/2/2004 21:41

Found this in the This Is Money (Patrick Lay's) Small Companies Spotlight for 26th Jan.


Failing to make waves


DAVID Hutchins, chief executive of Ocean Resources, tells me: 'We have a portfolio (of shares) that can make a lot of money over the next few years'. He adds: 'We have an asset base which you couldn't buy at current prices.'


However, before you rush to buy into Ocean, I should point out that the investment company failed to raise funds when it came to market last February because the market was at rock bottom and concerns about what was happen happening in Iraq.


The companies making up the portfolio all sold their assets for Ocean shares on the basis of each share being worth 50p. The shares were launched on AIM in February at 55p, but before the holders were allowed to sell they had crumpled to 20p.


At this stage, brokers Collins Stewart bought out each of the original investors at 20p (effectively giving them 40p in the pound) and placed these out with 17 value-driven hedge funds*.


Since then about 100 private investors have climbed aboard, and the share price has recovered to about 30p.


There is no doubting Hutchins's sincerity, but for the moment Ocean seems all at sea, trusting that the wave of enthusiasm for gold and other exploration shares continues.

[rambutan2] 10/2/2004 01:08

got tipped in shares mag last week. and yes, it is legal, if carried out in a legal manner.

[currypasty] 09/2/2004 18:37

shareprice isnt looking very good, further drop today!
Is it legal to re-price the warrants, and extend the period ?

[energyi] 19/12/2003 23:40

unaudited net asset
value of its Ordinary Shares as at the close of business
on 28th November 2003
was 38.80p per share.

[richgit] 19/12/2003 23:29

No.
There are three Im holding all because I put so much into precious metals,it seemed logical to have some shares in these as well

GLO,ELX & OCE.

I did see that tip and knew straight away it was referring to OCE.
You cannot fail if you buy into all three,its doubtful any one of them will be a disaster and every chance they will all perform strongly over time,though if I was to purely take "a guess" as to which will be the best it would be GOL.

[chrislewis7] 19/12/2003 22:48

Richgit what's your source. Is this from the new tipping service that hinted at Ocean in its advertising?

[karzy] 19/12/2003 20:03

NAV slipped a couple of p this last month but I don't think they have taken into account the warrants that they hold. Sister fund Resources Investment Trust REI:LSE has pulled one or two gems lately. One of its portfolio Alkane Exploration has been voted best explorer in Australia by Resource Stocks magazine.

[richgit] 19/12/2003 17:52

Date : December 19, 2003



Ocean Resources May Undergo Reassessment in 2004.

Ocean Resources Capital Holdings may have been among the worst performers in London's AIM mining sector this year, but in large part that is because it is misunderstood by investors according to stockbrokers Collins Stewart. To understand best how this came about one has to look back to the original aims of the company. It was to be run on the lines of an old fashioned mining finance house in that it would be able to make acquisitions and take a hand in the management of the companies in which it invests.

Most important for investors, it would pay a dividend. In order to do so it tended to invest in convertible stocks with a 10 or 12 per cent coupon issued by the companies with which it became involved. The companies got the benefit of vital mezzanine finance, while Ocean Resources could offer a yield to institutions who are so often prevented from investing in junior resource stocks because of the lack of income and marketability. .

Naturally this meant that the companies in its portfolio are in production, or only a heart beat away, so that cash flow could be generated to pay the coupon. Even before it listed in February 2003 deals worth getting on for £40 million had been agreed with companies to swap shares in Ocean Resources for their convertibles. The idea was that the shares in Ocean Resources issued to the companies in return for these convertibles could then be placed with institutions, providing vital cash for development of their projects or for further expansion and exploration. The problem was that all the investee companies pressed the exit button once the two month escrow period ended to get their cash and this put downward pressure on the share price. Not unnaturally fund managers stood back to see how far the shares would fall.

There was the additional problem that there were a number of unlisted companies in the portfolio and this made it difficult to put a realistic value on it. Indeed at the end of June Ocean had to bite the bullet and take a write-down on the portfolio amounting to £10.3 million which was taken through the Profit & Loss account. As a result the company was no longer able to pay any dividends so it was back to the drawing board. The main decision was restrict the number of shares in Ocean issued in future transactions to 10 per cent of the current issued capital for the next two years. By that time the company should be realising cash from sales of its original investments and will be able to reinvest it in new holdings.

The companies in Ocean's portfolio also had problems as they were selling Ocean shares at well below anticipated levels. As a result they were having to cut back on work plans to avoind running out of cash.. Ocean recognised this and , in line with the approach of working hand-in-hand , have agreed to re-negotiate the investment agreements between Ocean and the affected parties. In return for a reduction in the convertible stocks they have accepted ordinary shares and, in some cases, warrants. This has taken the pressure off the companies and allows Ocean to adopt a slightly more aggressive investment policy by trading these shares and warrants.

Despite being effectively forced on the company, these changes should prove very timely. When Ocean was first set up the climate for funding small mining companies was very different. Now money is actually chasing the best of them as was exemplified recently by African Eagle. Share prices are reacting rationally to good or bad news and there is a ground swell of interest in the sector from private investors which adds a degree of liquidity to even the smallest companies. In the background metal prices have been moving in the right direction thanks in part to a combination of Chinese demand and the falling US dollar.

Thus mining is no longer a sector that investors can ignore and the search is on for bombed out stocks. Ocean fits the bill as a result of its history and it offers a portfolio of lively juniors where the risk is spread across countries of operation and commodities. The ultimate attraction is that the companies in the portfolio should start to generate cash within the next year to 18 months and there are a number which will also list and thus add real value.

The mini-mining house concept is still in place and the management is described by Collins Stewart as being imaginative and resourceful. As an example Ocean is acquiring an FSA registered broking/investment advisory business which will trade its stocks as well as others and provide research and new ideas. The idea is to improve liquidity even among some of the smallest stocks. Maybe the market will take a new look at Ocean in 2004.

[macmiser] 11/12/2003 12:09

Had a little nibble at the cheese. Gone up three days in a row, not a bad little tip.

[sheneeqa] 10/12/2003 16:44

Strange 1.5mill trade anyone explain that... tia

[chrislewis7] 10/12/2003 15:06

A lot of small buys since 1pm. Has the tip been released? I wonder how much buying we will see today and tomorrow. Price has ticked up, lets hope this will raise some interest in Ocean.

[chrislewis7] 10/12/2003 13:13

Far too easy to work out. But still worth a punt. I see little downside in these. Anway the more people who work it out and buy in the higher the price should go in the short term. Very few shares in Ocean are traded each day, a few small buys could move the price.

[sheneeqa] 10/12/2003 12:34

Devious mind at work.

[yam114] 10/12/2003 12:14

was the tip to easy to work out?

[sheneeqa] 08/12/2003 21:30

Thats 45p min by feb 1st.

[chrislewis7] 08/12/2003 14:57

I've bought after seeing that back-handed tip aswell. Not going to pay the £600 or whatever it is for the subscription to see the tip in full though. Now I've looked at the portfolio and I think the company will take off soon.

Hopefully subscribers will be getting the tip officially soon and we'll see some buying over the next week or so.

[sheneeqa] 07/12/2003 18:59

Was this company aim listed in feb this year and raised over 40mill.
Have three hedge funds recently bought shares.
Do they have a portfolio of investments in 30 or so companies in the natural
resource sectors, oil, gas and precious metals.
If so tipped to rise.

[karzy] 02/12/2003 22:04

I see in their interims that they listed 8,500,000 warrants in Ivernia West (convertable at US$ 6.5c) with a nil valuuation on their books. IVW now at CAD$20.5c. Also a CAD$5,000,000 from Bralone is repayable in gold at US$315 an ounce.

[karzy] 01/10/2003 02:36

Interims out today, warrants split soon.Dividend postponed. Some of their portfolio have recovered in September so nav probably more than 36.5, a couple of their warrants carried at nil are worth something, maybe shares will be more liquid soon.

[vision88] 23/9/2003 11:04

o my this is so confusing ,