Ovoca Gold Share Discussion Threads

[mbthedude] 03/7/2013 06:06

It doesn't really matter what it should be after trying for almost 10 years I realise OVG will never reflect it

[christianf12] 26/6/2013 08:15

Anyone know what NAV will be here which is basically cash and poly shares?

[jibbajabba] 26/6/2013 08:11

Nice to see the lads whipping people up into a frenzy...:

RNS:
Ovoca wishes to announce that each of the resolutions proposed at its Annual General Meeting held in Dublin on Tuesday, 25 June were approved by shareholders. The full text of each resolution was set out in the Notice of Annual General Meeting circulated to shareholders.
END

[hezza123] 24/6/2013 09:54

Nice to see a couple of decent prints this morning. Absolute shocker of a spread though...

[wexboy] 23/5/2013 07:07

2013 – The Great Irish Share Valuation Project (Part XII)

I take a look at Ovoca Gold, plus a batch of other Irish stocks:



Cheers,

Wexboy

[hezza123] 23/5/2013 00:20

Hope so as I bought some of these at 11.25p a couple of weeks ago and not seen another buyer since! Can all change very rapidly of course with stocks as illiquid as this.

[el1te] 22/5/2013 16:41

Trades today suggest that a holder has increased their stake. Potentially Damille

[el1te] 27/4/2013 22:01

Ovoca Gold - Call to Return Cash to Shareholders

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Best of Luck with your investments and have a good week.

El1te

[gnome3] 19/4/2013 15:04

The seller is the well-respected poster on Motley Fool, WShak. Worth reading the whole thread from recent discussions:-

[praipus] 18/4/2013 22:06

Brett Millers operating company is Damille Investments also quoted see DIL and DIL2

I track Damille (and other value investors/liquidators and arbitrageurs) trades through RNS and post them on the WAM thread please take a look and let me know what you think:)


Damille II (DIL2) buying 5.5%

[fiachra] 04/4/2013 13:51

STALLIANO

Are you still in

[fiachra] 04/4/2013 13:45

Slash are you still in?

[fenners66] 06/3/2013 13:41

So 2 shareholders see that the share price does not represent the value of cash and investments.... if only they could take control of the company they would not have to sell their shares to realise a profit, just extract the assets / cash out of it I mean as owners why not?

Too late some already thought of that and are doing a very good job thank you.
Hence minority stakes may become worthless.

[fiachra] 06/3/2013 10:26

Slash

Coming to Dublin any time soon?

Are you back in London?

[seeder] 15/2/2013 00:45

all the way down to 4p

[fiachra] 14/2/2013 16:39

slash2005

When will you be in Dublin again?

[bill-e] 14/1/2013 16:09

wow 1.25 million buys in last few minutes?
is something about to happen?

[milste1] 09/1/2013 14:54

"no brainer"

If you say so richgit;-)

[richgit] 21/12/2012 09:45

rickey

No not confused.....

I was merely highlighting that Was & Paul have taken that stake.

2 well known Investors,and they are known for identifying undervalued
situations.

Of course a potential (again) of far more cash than the whole Market Cap
does look rather tempting

Those punters that think they are shrewder than Was & Paul may not agree
that it looks a bit of a "no brainer"

[rickeyy] 20/12/2012 23:23

Richgit I think u are a bit confused. They have sold their shareholding to a new shareholder Waseem Shakoor. I believe his intention is to take his stake to 10%.

[richgit] 20/12/2012 22:44

Two well known investors in today`s announcement,so what have the naysayers
got to say about that ?




Note.



7 June2011


Ovoca Gold Plc ("Ovoca" or the "Company")
Holding(s) in Company
On 3 June 2011 Ovoca was informed by GLG Partners LP that is has acquired 4,807,100 ordinary shares of EUR0.125 each ("Ordinary Shares") of the Company. Following this acquisition, GLG Partners LP's interest in the Company is 4,807,100 ordinary shares, or 5.44% of Ovoca's issued share capital.

[yellow_snow] 13/12/2012 10:20

Obviously the exit of the Tim Mc doesn't help sentiment when followed by him dumping his shares. I don't know whether that was a fit of pique or simply a decision to move on completely but when coupled to the fact the company is Russian in all but the listings there is plenty of scope for potential investors to leave it well alone.

Olcha was only 2.5 sq. km of a huge licence so if theres anything left in the rump its pretty much pure profit given the costs of acquisition. Unfortunately those acquisitions were basically the BoD backing their own vehicles into OVG and pocketing a reasonable fraction of the cash in the company at the same time. That sort of thing doesn't lend huge confidence either.

The discount to cash and liquid assets might start to reduce once production starts to loom on the horizon, but even that depends on the appetite the BoD have for actually running a production operation rather than selling off (to Polymetal most likely) before that point.

Unquestionably there is potential for a multibagger here but it might take a bit more de-risking before the upswing begins and recruiting another Western-friendly and facing CEO might be a good start.

I wonder how the investors that bought off-market at 40p to avoid an share price spike are feeling now?