Ovoca Gold Share Discussion Threads

[hazl] 27/2/2016 14:42

'I do believe that when the depressed market ends, Ovoca will be one of the best placed company
of its peers; stronger for having survived the downturn, and cash rich to capitalize on opportunities. I look for-
ward to being there at that point with you.
Sincerely,
Mikhail Mogutov,
Chairman'

from the 2014 presentation

[wood fire] 26/2/2016 15:47

No idea looks like ADVFN is not working again.

[hazl] 26/2/2016 14:35

why is new thread not showing up yet?

[wood fire] 26/2/2016 14:08

Plus director buying

[wood fire] 26/2/2016 14:06

I've posted a new thread as this one is Ten years old and does not reflect today's massive discount to cash and shares in POLY.

[wood fire] 26/2/2016 14:03

£4.6M market cap,yet have no debt, tiny payables, a mountain of cash, plus a massive heap of shares in POLYMETAL (market cap £2.3BN)

Add that up at today's POLY share price.!!!

Then throw in another $5 M due from a debt owed to them

Then add in a huge acreage of Gold bearing ground.

The cash and shares are worth around £20M alone.

[hazl] 26/2/2016 13:59

Indeed good points....missed by the market I think.....

to our advantage hopefully!


IMO

[wood fire] 26/2/2016 13:51

It's got a daft valuation at this time.

No risk of de listing as they can't get 75% of the shares.

Plus any news of a j/v or sale will see them rocket.

Overheads are low and the POLY divideds cover a large chunk of them.

30% of the shares are held by tiny holders all over the world and most of those are in the top draw and never traded.

[hazl] 26/2/2016 13:41

Yes I also think we've picked some up for a song at this price.
I think the company were very canny,too, to sell one of their assets in exchange for shares in Polymetal as well, woodfire.
The gold price is sure to have its ups and downs but I believe that the gold mining sector is in recovery mode at last!
A few quid in one or two like this,is the way I'm going to play it .
Good luck.

IMO

[wood fire] 26/2/2016 13:24

Looking back through the trade pages on can see that very few shares have hit the market in the last 12 months.

Any real buying will see this share move towards its correct price.

In effect your buying something for nothing.

[wood fire] 26/2/2016 13:19

Have an idea this share could 20 bag if gold doubles.

It's very cheap to mine in Russia right now.

Low oil and very low currency.

[hazl] 26/2/2016 08:34

Polymetal up again !

[wood fire] 26/2/2016 07:57

Now back to this company.

You can buy cash and share assets for around 20P in the pound. ( shares are as good as cash as the company is valued at 2.3BN)

That is pure value :

Then on top you get the gold acreage in for free.

[wood fire] 26/2/2016 07:53

Years ago my main investment was in a company where directors owned 88%.

I was handed them as part of a 1 for 4 share split and they cost me 4P each.

Roll on 12 years.

In 2008 shareholders were bought out at £8.50P and share.!!!

[fenners66] 25/2/2016 23:59

Check out what % of this company is owned by the directors and their associates then realise that there is no way anyone else will share in it's income and conclude that to most of us these shares are worthless.

[wood fire] 25/2/2016 13:39

I have no idea if any have been sold but you can work it out

First their Euro value on 30th June 2015 is in the accounts

Then look back at the share price at that date (and exc rate)

Then do the sums

That will tell you how many shares they had

[hazl] 25/2/2016 13:24

I understood they had 775,000 shares and you're right the dividends were 753,000 US $.
I was just trying to establish if the quantities had changed at all.
It is a good asset,to have in my opinion.
Thanks for pointing this out.

[wood fire] 25/2/2016 12:58

That's just the dividends. (Polymetal)

The amount in € held for sale was 11.582,000

Price then in uk pounds per share = £5.14P

Price now in uk pounds per share = £6.44P

[hazl] 25/2/2016 12:05

'Total finance income in the period amounted to approximately Euro 0.4 million, relating to our holding of Polymetal International plc shares.'

2015 INTERIM REPORT

from good ol'Investegate!

[hazl] 25/2/2016 11:47

Right no time now today but need to look later thanks ten bag.

[ten bag man] 25/2/2016 11:37

If they have sold any since last accounts it will show as yet more cash

[hazl] 25/2/2016 11:32

well better than I thought if you are correct...8-)

[wood fire] 25/2/2016 11:30

Accounts show €20 net assets

That is now £20M uk

Plus you have the goldfield valued at Zero

Plus you have $5 from the loan that they gave that defaulted

Now one can see why the directors are buying for 20P in the pound. !!

[hazl] 25/2/2016 11:29

this was the original announcement.... do they still hold this number do you know?
Ovoca Gold plc : Proposed Disposal
Envoyer par mail
12/11/2012 | 02:41am US/Eastern


Ovoca Gold plc ("Ovoca" or the "Company") Disposal of Olcha Gold-Silver deposit ("Olcha")
Ovoca is pleased to announce that it has entered into a conditional legal agreement to sell its 100% interest in its subsidiary Olymp Limited, which holds a mining and exploration license for the Olcha gold-silver deposit, to a subsidiary of Polymetal International plc ("Polymetal") (the "Proposed Disposal"). The consideration payable under the Proposed Disposal comprises 775,000 Polymetal ordinary shares which, as of the close of business on 10 December 2012, gives a total consideration value of approximately £8.4 million (US$13.5 million).'