Ovoca Gold Share Discussion Threads

[primatologist] 24/9/2014 22:24

Picked up a few at close for a gap upEvens now

[jester jim] 24/9/2014 16:13

the management would then have to stump up the cash which could be £10m?
the market doesn't seem to have worked this one out which is good - in spite of being the top riser in London today no one is looking

[bad robot] 24/9/2014 15:31

I understand the repurchase, but why not buy it outright MBO say a 50% premium

[jester jim] 24/9/2014 11:59

the current market cap is around £7.5m against an asset backing of at least £20m (cash & near cash investments) so there is a long way to go before they any where near the asset backing value.

They are looking for approval to purchase up to 20% so these purchases have yet to be made which would push the price up

that's my read in any case

[bad robot] 24/9/2014 11:35

They are not going to pay £20m, that's another 150%.

otherwise they would have offer 10p today

[jester jim] 24/9/2014 10:59

would be up to the equivalent of the assets- roughly £20m?

[bad robot] 24/9/2014 10:11

but what price?

[jester jim] 24/9/2014 09:13

today's news looks like a no brainer to me!

[fenners66] 06/9/2014 21:30

Too late they are majority owners

[craffert] 06/9/2014 13:00

SHAREHOLDERS SHOULD GET TOGETHER AND PETITION FOR WINDING UP WITH DISTRIBUTION OF REMAINING CASH (SHAREHOLDERS FUNDS AFTER ALL) BEFORE THE RUSSIANS PINCH IT ALL AS REMUNERATION/LOANS TO THEIR BUDDIES

[aimless7] 30/6/2014 16:31

Check out note 30 to the accounts - they've loaned a company $6.3m! Looks to be an oil company, hmmm

[fenners66] 30/6/2014 14:51

Elite we have been saying that for years , but the stock market is there to trap the unwary.

[el1te] 30/6/2014 14:35

Complete bargepole company. Latest results only confirm how badly this is run, and certainly not for the benefits of shareholders

CEO Kirill Golovanov gives himself an unjustifiable pay rise
$449k in salary alone, vs. $213k in 2012.

Avoid in my opinion. Can't see shareholders ever getting value out of Ovoca, especially given the controlling stake of the owners.

El1te

[fenners66] 30/6/2014 14:24

I noticed that this morning rickeyy, so embarrassed that they posted a link to the report!
You have to read a long way before you get to the small matter of a multi million write off, I read for about 20 mins but did not find what assets they wrote off - I presume those they had acquired from themselves ....

[stuart14] 01/5/2014 09:32

LOL. Sadly the case with many an AIM firm. Hopefully they'll be drillnig soon though

[fenners66] 30/4/2014 18:26

Commiserations Stuart
Director's remuneration and little else I guess after all the Ruskis dont drill in the winter, great job , get paid and go to Tenerife or something....

[stuart14] 30/4/2014 15:21

I still hold here, must admit I haven't looked in for a long-time. What have I missed, is it still trading?

[seeder] 06/2/2014 02:53

bye bye 8p here comes 4p.

[fenners66] 05/2/2014 12:13

Unless you are a director, yes.

[resourceful] 24/1/2014 15:45

is this thing totally dead

[seeder] 06/11/2013 20:45

no stan for me.

[seeder] 06/11/2013 20:44

watch oxs do the same ovg 3p

[hezza123] 25/10/2013 09:17

Cheers El1te. Good luck to you too. :-)