Ovoca Gold Share Discussion Threads

[wood fire] 25/2/2016 11:23

Last accounts under assets held for sale.

If you look back you will see that amount has changed on each accounting date to reflect the then share price.

[hazl] 25/2/2016 11:16

thanks woodfire.....I have looked everywhere for confirmation of the major shareholders of Polymetal and can find nothing new so I am assume you are right and they still own the shares?
This would be very good news if this is the case .
I was guilty of not looking properly and assuming it was a cash deal instead it was clearly shares back when they did the deal.
Have you any recent info confirming they still own Polymetal shares?

imo

[wood fire] 25/2/2016 09:14

Add the POLY shares , and cash up .!!!

Then look at today's market cap.

Thats without any value for the mining area order the cash due from the court.!

[wood fire] 25/2/2016 09:00

Market cap under £5M

Has 100% gold mining licence in Russia ( where the currency has halved and oil is down 75%) valued at ZERO but worth millions.

Has bags of cash.

Has shares in polymetal worth MORE than in the last accounts.

Has $5M due from the courts as well.

Look at ADVFN financials ( last accounts) then ADD ON SOME MORE AS THE SHARES THEY OWN IN A BILLION POUND COMPANY HAVE JUST HIT A NEW HIGH.!!

[hazl] 25/2/2016 08:10

Director dealings back in October I thought was rather positive.

imo

[hazl] 24/2/2016 12:08

trades showing on ISDX as well....

[hazl] 24/2/2016 11:41

UP UP AND AWAY hopefully....8-)

[hazl] 23/2/2016 13:53

up 37 % in Ireland....?

[hazl] 23/2/2016 13:43

Their website is worth a visit and explains the history of the firm to date.

[hazl] 23/2/2016 12:14

wouldn't be surprised if they were buys, only, today so far....difference between the LSE AND ISDX in price perhaps?.

IMO

[hazl] 23/2/2016 10:33

I notice the director bought quite a few of these in October....at a higher price than we have now.....

picked up a few myself...

[stuart14] 03/9/2015 10:33

Totally agree with that.

[dan_the_epic] 01/9/2015 18:42

dont waste your time on this pathetic outfit imo. dont bother with russian or chinese companies

[captain_crash_and_burn] 01/9/2015 17:48

Hey all newbie, just starting to look into this co. Looking at their interim FS, can't make out much, couldn't even see if they are a producer as there seems to be no op income?

[jester jim] 27/8/2015 15:02

guessing that the company are buying back today hence the price rise.
makes sense, investors are dumping shares at a big discount to the cash backing and the company are picking them back up again.

[bam bam rubble] 25/8/2015 19:22

Priced at a discount to cash means their Russian gold projects are valued at nil

Feels like they paid a lot for them. Initial $7.5m to the vendors and contractor,
$10m to the Russian directors. The further $3 million paid out to them last year
AFTER work was suspended, and which didn't become payable until production start
was the icing on the cake.

The announcement to look at oil and gas projects in Russia, cynics might suggest
is the Board's chosen method to extract the remaining cash balance.

[limajane] 25/8/2015 07:19

What is the value per share of the cash assets and the amounts recoverable?

[jester jim] 30/4/2015 14:40

I suspect we may start seeing further buy back transactions now they have started.

[last of the mohicans] 30/4/2015 08:15

That was a big chunk to buy-in all in the one transaction 5.8M (over 6.5%), at a good price for existing shareholders.

Wonder who got the other 1M shares and why they didn't snap that up to?

LOTM

[last of the mohicans] 14/10/2014 01:44

Who else is going to the AGM & EGM then?

LOTM

[jester jim] 25/9/2014 13:57

picked up a few more