Ocean Resources Capital Share Discussion Threads

[deswalker] 19/1/2005 17:17

ram .. thanks for the reply. will take a look at the register tonight as I continue to kick the tyres. don't want to get sucked into another pdt situation though .. thks again, des

[rambutan2] 19/1/2005 12:05

will get back to you on fees des. however, one v important difference with pdt is the shareholder register. those guys arent going to stand any nonesense (or too high fees) for very long.

[deswalker] 19/1/2005 11:52

rambutan ... could this one turn out to be a bit like pdt ? Any idea what the fees/TER is for OCE ? In principle vehicles like this are extremely attractive but with big discounts normally comes big fees. Any thoughts ?

[rambutan2] 19/1/2005 10:11

agree a bit disappointing. thought we might be back up to 35p. wonder whats kept us down? i think that they should issue a few words saying what up and what down along with the nav. are they slowly writing off stuff each month? will try and get in touch with them, or someone else could!

[raulcastro] 18/1/2005 18:18

NAV is disapointing considering the strong market debut for Rheochem and others....

It's going to take some positive cashflow reaching Ocean's coffers to really convince investors the OCean model can actually make money for shareholders.

[buffin] 18/1/2005 17:29

Ocean Resources Capital Holdings Plc ("Ocean" or "the Company") announces that
the unaudited net asset value of its Ordinary Shares as at the close of business
on 31 December 2004 was 33.07p.

Ocean is also pleased to announce that on 24 December 2004, Archipelago
Resources Plc completed a placement of 11,450,626 ordinary shares to the Company
at 33.3p per share. The proceeds from this placement have been used to purchase
the gold processing plant and equipment from Arlington Group Plc, which had
previously acquired them, on Archipelago's behalf, from Barrick Gold's Chilean
subsidiary. Archipelago also announced on 29 December 2004 that it had raised a
further #2.0 million in working capital through the placement of a further
6,666,700 ordinary shares, a placement in which Ocean did not participate.

Archipelago is currently completing due diligence studies as a necessary
pre-requisite for project finance of its Toka Tindung Gold Project, where a
resource of 1.75m oz gold equivalent has been established. At least 900,000oz
of this will be mineable by open pit and the project is targeted to produce a
minimum 160,000 oz per year at a cash cost of US$267 per oz over an initial 6
year mine life, commencing in early 2006.

Archipelago have also recently announced that the Toka Tindung Gold Project,
located in North Sulawesi, was unaffected by the Asian tsunami.

Ocean's holding of 31,029,197 now represents 46.4% of Archipelago's enlarge
share capital, following both issues.

Additionally, Ocean is also please to announce that on 30 December 2004,
Rheochem Plc was admitted to trading on AIM, following a #4.7 million capital
raising by Williams de Broe. The funds raised by the issue will be used to
expand Rheochem's products and services into new geographic regions.

Following the capital raising, Ocean now holds 35.7% of Rheochem's enlarged
share capital.

Despite all this, down a bit compared to November. As a reminder:

31/12/03 - 40.7p
31/1/04 - 42p
31/3/04 - 35p (Dec fig reduced at auditor's request!!)
30/4/04 - 35.93p
31/5/04 - 34.59p
30/6/04 - 33.25p
30/7/04 - 30.77p
31/8/04 - 30.44p
30/9/04 - 30.52p
29/10/04 - 33.85p
30/11/04 - 33.24p
31/12/04 - 33.07p

[rambutan2] 18/1/2005 10:24

i could never get my head round goings on at st barbara, but this says that we accepted the buy-back...

Results of Buy-Back Offer

The company confirms that the buy-back offer pursuant to which shareholders were
given the opportunity to sell all of their shares back to the company in
exchange for shares in NuStar Mining Corporation Limited closed on Friday 14
January at 5.00pm Perth time in accordance with the time period set out in the
Buy-Back Offer booklet.

The company has concluded processing of acceptances under the Buy-Back Offer and
is able to advise:

Total St Barbara shares that 170,291,977
accepted the Buy-Back Offer

Total NMC shares to be transferred 212,864,971
to accepting shareholders

Included in the shares accepting the Buy-Back Offer are the entire holdings of
Strata Mining Corporation, Ocean Resource Capital Holdings plc and Excalibur
Mining Corporation Limited (UK) representing approximately 153 million of the
shares accepting the Buy-Back Offer.

This leaves the company with a holding of 161,254,367 NMC shares, of which 91.9
million committed under the call option agreement with Claymore Capital Pty Ltd
(details of which were announced to ASX on 20 September 2004) leaving a residual
holding of 69,354,367 NMC shares.

Attached is an Appendix 3F in accordance with the company's obligations under
the Listing Rules.

and bit more infor on this...

[rambutan2] 17/1/2005 10:01

perhaps a few years down the line, as long as commods bull mkt continues.
am sure that they will up stake to 25% before too long.
another nice stake to have in the port.
am surprised this hasnt moved up a few pence this month. must still be a seller there?

[topvest] 16/1/2005 16:39

Ocean Equities Limited, the FSA regulated specialist natural resource broker that OCE helped to sponsor is in the books at £50k. This one looks interesting - OCE had 10%, but were looking to increase to 25%. It made a profit of £438k in last year's accounts. Seems to be focused on Canadian mining securities on TSX. How much is this one worth? Could it be worth listing in its own right?

[rambutan2] 10/1/2005 11:05

and this is one of them and seems to be liked by fmr...

Rheochem plc ('the Company')

Notification of significant holding

Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be disclosed:

The Company was notified on 10 January 2005 that Fidelity International Limited
and its direct and indirect subsidiaries holds 271,700 ordinary shares of 5p
each registered to Brown Bros Harriman Ltd Lux and FMR Corp. and its direct and
indirect subsidiaries holds 8,728,300 ordinary shares of 5p each registered to
Mellon Bank N.A.. In aggregate, these holdings represent 9.99% of the current
issued share capital of the Company.

[rambutan2] 10/1/2005 09:59

the tips.com write up pretty much ties in with what mr hutchins told me ie the ar. stake should pretty much cover oce current mkt cap before too long into the future, with everything else in for free, and that everything covers some big chunks of value.

[ppowerscourt] 10/1/2005 09:51

Topvest

Could you please advise the floating premier date for the new issue you mentioned mincorp and sino-china? newlands resources? Of interest to watch at least. Thanx

[saint or sinner?] 09/1/2005 00:00

Looks like they have a few little gems (or a secret goldmine) tucked away!

0 ;-D

Saint

[topvest] 06/1/2005 21:46

It will be interesting to see if Ocean might follow Newland Resources (a related company) into shell companies going forward - Mincorp and Sino-Asia Mining are both coming to AIM underwritten by Newlands in the next few days. They are all based at 10/12 Little Trinity Lane, so lot's going on at the moment. Maybe they won't as their portfolio largely includes more mature investments. As energyi mentions they just need one of their companies to come good to attract some more attention. AR. is the on I like.

[energyi] 06/1/2005 19:22

Hutchins knows the sector and the people in it well.
After all, he is Chairman of Minesite. So at minimum, he meets the
Minesite forum presenters and his portfolio companies. If you meet him
at Minesite and speak with him, his intelligence and understanding of the
mining industry readily shines through.

His underperformance is mainly due to the way that this Fund started life,
as a grab-basket of unwanted or underfollowed shares. And it has been hard
to recover from such a disadvantged beginning.

Personally, I think like lots of fund mangers, he could be more aggressive
at trading out of some of his positions, when they are liquid and profitable.
Also, OCE seems to be waiting for its first BIG SCORE, if we see one, that
may narrow the discount/

I would bet we willl see that Score within 2005.
The shares are cheap here, and if gold begins to jump, I may buy some

[strange lee brown] 06/1/2005 19:00

Thanks Topvest and ramputan2
looks reasonable at 20p. This could be the month for things to turn around or one might need to be patient for a month or two but unlikely to go much lower imo.

[raulcastro] 06/1/2005 16:26

rambutan2 - does hutchins strike you as a savvy investor? don't know much about his track record at M&G but OCE and REI haven't done too well considering the market conditions....

[rambutan2] 06/1/2005 12:27

hi curry, am holding a little, but only bought in a few days ago.
nabbed mr hutchins for a quick chat just before xmas and came away feeling confident enough to (finally) buy in. stake in ar. could easily cover mkt cap before too long - mr h v bullish on ar. then all the other stuff, some good and some not so good but should be some winners. all in all cant really see it getting any cheaper from here and it could jump up big this year. i like the fact that at mo you are buying in at same price as the hedges did. perhaps this could do a mini cambrium this year!

[currypasty] 06/1/2005 12:13

Hi rambutan, I just spotted your name, and came for a nosey! I looked at OCE a while back, and decided to give it a miss, fortunately so as it turned out. It has been on my watch list since, and perhaps now its beginning to look interesting. As you know, im interested in both resource sector, and funds etc trading below NAV.
I also looked at Archipelago, with a view to taking a chunk of placing shares, but in the end didnt bother, although feel in time it would have been a good long term hold, from 30p.

Are you holding, or just looking at OCE ?

[rambutan2] 06/1/2005 11:58

strangelee, this one had a very bad start to its life which culminated in an almost complete changeover in shareholders as the hedge funds (see holders) took placed shares at 20p. however, this means very few loose shares around. the debt is about £5m but should be cleared within 12months.

[topvest] 05/1/2005 21:50

There is some debt, but not that significant. Such vehicles are often on a discount. The market didn't like these share swap vehicles and that has resulted in a steep discount. I like you, felt this was a more prudent route into AR. and other holdings. At least we had a tick-up today!

[strange lee brown] 05/1/2005 21:43

New to this one, but it appears to hold stakes in several companies I was considering buying into. It seems I can get them at a discount by buying OCE!
Can someone explain why the mkt cap is so much lower than the NAV.
Is there some debt or gearing I am not aware of?
Thanks for any assistance

[rambutan2] 05/1/2005 00:30

imho, the best argument for buying in at current price is that the great bulk of the holders did ie 20p. they arent folk to mess around or give too much leeway. mr hutchins great hope for this year is ar. which he reckons should be on a par with avocet before too long. he expects to clear the debt and get rolling this year. or else.

[raulcastro] 04/1/2005 20:51

If I recall correctly David Hutchins does not own any OCE shares at all. This is one of my biggest concerns. It seems odd as well that he should warn (re Hamlette's extract) that the bull mania won't last long for exploration companies. There certainly hasn't been any bull run in OCE's performance....