Share Name Share Symbol Market Type Share ISIN Share Description
Ovoca Gold LSE:OVG London Ordinary Share IE00B4XVDC01 EUR0.125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.625p 8.50p 8.75p 8.625p 8.625p 8.625p 500,000 07:43:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -1.0 - 7.54

Ovoca Gold Share Discussion Threads

Showing 12776 to 12799 of 12975 messages
Chat Pages: 519  518  517  516  515  514  513  512  511  510  509  508  Older
DateSubjectAuthorDiscuss
15/9/2016
19:30
to provide some balance http://www.kitco.com/news/2016-09-15/Signficant-Upside-In-Gold-Less-Likely-Nouriel-Roubini.html
hazl
15/9/2016
12:47
A profit was made on a quick trade that I was satisfied with, I'm not interested if you made extra % nor are other people I'm sure interested in your hubris. The near term future will prove which one of us is correct with this share, and if I see another opportunity rise I may even grab another quick trade in it but evenutally its going back to where it came from I'm afraid.
mbthedude
15/9/2016
11:57
You and I both know that you were nowhere near the price boz and I got in at. As you said you held for a couple of days when we were proved right that it was due a rise. Before that by your own admission you were in it and lost cash in the bear market. Enough of this hypocrisy .
hazl
15/9/2016
11:29
I am pleased for you.
hazl
15/9/2016
11:27
Mbthedude. How refreshing to see you on the side of the Angels.
fiachra
15/9/2016
11:18
Just watch your remaining shares depreciate like a stone I did what boz did and took the money and ran. I have been buying physical precious metals since 2004, no gambling, no leverage and no paper must be ahead of the curve eh? In fact I reckon have acquired more AU and AG than OVG so perhaps I should call myself a successful junior mining company.
mbthedude
15/9/2016
11:18
http://www.whatinvestment.co.uk/financial-news/funds/2540166/lord-rothschild-why-iand39ve-sold-hundreds-of-millions-of-pounds-worth-of-shares-and-bought-gold.thtml I don't think anybody can be complacent. I am NOT saying where I think we are going from here. I think people should be careful with stocks particularly at the moment but be able to make up their own minds. I am continually reassessing. IMO
hazl
15/9/2016
11:11
Lets be honest you are just fed-up that we have made something and you haven't. 8-)
hazl
15/9/2016
10:56
I don't consider myself lucky as you put it. I am a researcher who spends a lot of time studying cycles and made a sound judgement this would rise back in the beginning of this year. Interest rates have been a big driver of golds direction this year. Whereas you.... as you have continued to make this personal,I will do the same..... didn't have the good sense to see when a bear-market was coming! The problem this share has which I have intimated before is liquidity and therefore the shares jump quickly in either direction. I don't believe you have any altruistic motives for one minute. You clearly couldn't read the situation last time so perhaps you are not now. I will make my decision according to the market moves rather than your scare-mongering.
hazl
15/9/2016
10:46
Lastly I am amazed at the lengths people go to when they don't own any shares just a bad attitude,in my opinion. IMO
hazl
15/9/2016
10:44
You are misguided hazl, this share will never go up and down with the Gold market it is 100% detached from the exposure to Gold as it doesn't have any serious projects with a plan to ever fully develop imo. I bought and sold in the space of a weekend and consider myself lucky to have got in at the early stages of a mugs rally which as accurately predicted has fizzled out and it wont be long now before this is back under 10p. I recall one poster "I've bought in at 18.5 think it might be a mistake?" Sadly yet it was! I feel duty bound to post a more accurate description of the way this company has operated in the past as a stark warning to those thinking about investing for its future. I don't see anything that has changed in the past 5 years. You were simply lucky that you caught the froth which was more likely than not helped along by your endless ramping of this share or a tip somewhere that dragged the punters in. It made the second largest % riser on the day and the following couple of days was a reaction to that, not great fundamentals, exciting projects with vast reserves nor a movement in the Gold price.
mbthedude
15/9/2016
10:37
Again,it reacts quickly to very few trades......there have only been two today..... because it hasn't many in issue. However that can go the opposite direction,of course if good news is announced. IMO
hazl
15/9/2016
10:30
Yet you took a punt at it when you saw it had rising momentum earlier in the year. Didn't post all that negativity then did you? Some people have no shame. This share will go up and down with the general gold market. At least I am open about what I believe. OVG will rise with the rest, if gold becomes flavour of the month again or it does an attractive acquisition. I have no qualms about what happens, I have made some profit and was happy to let the rest ride. You however, come across, well to me anyway, as somebody with 'sour grapes' who lost a lot previously and cannot bear to see it go up subsequently. It will do what it will do,but I think bozzy had the right policy,he got in early like myself, sold up completely with a great gain and didn't have to put up with the wittering from posters since. I am happy with this company's progress so far this year. IMO
hazl
15/9/2016
08:03
Details here show that the purchase of the Stakhanovsky licence was from companies owned by the Ovoca directors. Ovoca announces that it had entered into a conditional acquisition agreement to acquire a 100 per cent. interest in a portfolio of gold exploration projects in the Magadan region of the Russian Federation. The Target Companies, Magsel, Bulun and Olymp, are the owners of the Stakhanovsky Licence, the Rassoshinskaya Licence and the Nevsko-Pestrinskoye Licence respectively, further details of which are set out in sections 4 and 5. The consideration payable by Ovoca for the Target Companies comprises an initial consideration of US$4 million and RUB 89 million (approximately US$3 million) and deferred consideration of up to a maximum of US$18 million, payment of which is contingent upon the achievement of certain exploration and licence targets. In addition, Ovoca will assume RUB 223 million (approximately US$7.5 million) of net debt of the Target Companies. In accordance with AIM Rule 13 and IEX Rule 13, the Proposed Acquisition is deemed to be a related party transaction as the Target Companies are owned by Mikhail Mogutov, Leonid Skoptsov and Yuri Radchenko who are directors of Ovoca and together with their related parties, as defined by the AIM Rules and the IEX Rules, collectively own 44.7 per cent. of the Issued Share Capital. Although under the AIM Rules and the IEX Rules Independent Shareholder approval is not required for the Proposed Acquisition, having consulted with the Company's Nominated Adviser and IEX adviser, Davy, the Board of Ovoca has decided to make the Proposed Acquisition conditional on the approval of Independent Shareholders.
mbthedude
15/9/2016
07:56
Thought you may find this an interesting read from October 2010 the company's then Cash and cash equivalents and available for sale financial assets of $47m (€ equivalent 52m) Where as of today despite the fact the value of Norplat shares have risen considerably in that period is just € 26.7 million. It also shows the lack of development and progress and missed milestones on highly prospective projects with eventual the result of paying additional $3m to related company to stop development. This company continues to lose money operationally and investing in projects owned by sister companies whilst delivering what can only be described as negative value to shareholders. Buy Ovoca Resources* at 30.75p AIM and Ireland listed Ovoca Gold* (OVG) operates in Russia – a country in which overseas investors have experienced troubles in the past… The climate and infrastructure is also often challenging for miners and the company just last year had to sell a project as it neared production as it was unable to efficiently finance it. However, this was a result of the global financial carnage of the time and the proceeds from the sale mean Ovoca now has a supremely strong balance sheet as well as a prospective portfolio of new licences… Despite this and an experienced Russian management team led by CEO Tim McCutcheon, who has previously advised numerous international gold mining companies in the country, a current 30.75p share price capitalises the company at a discount to both last reported liquid and net tangible assets… Thus, at up to 35p, I consider the shares a compelling 'buy'. Target Price 50p. In September 2008 Ovoca Gold (OVG) was “looking forward to closing the project finance in the near future and moving to appoint the lead construction and mining contractors as soon as possible” at the Goltsovoye silver project in the Magadan Region, Russia. However, as deterioration in credit and equity markets as well as the wider economic climate emerged the company concluded “the ability of Ovoca to raise debt finance in the current market was low and that any issuance of new ordinary shares would be on terms that would be significantly dilutive to shareholders. There are strict spending and work completion benchmarks that must be met to keep Ovoca's exploration and production licenses in good order and to retain property rights”. As such, the company decided to accept an approach to sell the Goltsovoye asset for $47.7 million at the time of closing – in cash and shares from fellow London traded, Russian miner JSC Polymetal. The company followed this on 20th September this year with the announcement of the sale of its 95% owned Oleninskoye gold and Pellapakh copper-molybdenum assets in the Murmansk Region of Russia for $1.25 million - to focus “financial and management resources on Ovoca's Magadan properties”. Operations The acquisition of these 100% owned current Magadan Region properties - Stakhanovsky, Rassoshinskaya and Nevsko-Pestrinskoye – was completed by Ovoca early this year. Stakhanovsky - located approximately 40 kilometres north of Susuman, the second largest city in the Magadan region, internal preliminary estimates suggest a gold resource (non JORC of Russian standard compliant) of more than 700,000 ounces and Ovoca intends to put the project into production by 2013. It is accessible by year-round road and there is power infrastructure on site. Rassoshinskaya – located approximately 200 kilometres from the town of Simchan and with no nearby infrastructure, the focus of Ovoca's exploration program is around the ‘Olcha’ gold deposit. There is a current JORC Inferred resource of 344,000 ounces of gold but Olcha and nearby satellite deposits are seen to have the potential to host a high grade, multi-million ounce gold resource. Nevsko-Pestrinskoye - surrounding the Goltsovoye silver deposit in the central part of the Magadan region, Ovoca intends to investigate and explore known mineral occurrences that extend beyond the Goltsovoye license area onto Nevsko-Pestrinskoye. A year-round road and powerline are near the site. Recent Operational Activity In its last update on 30th September Ovoca noted it had completed almost 8,000 metres of drilling at Olcha and, having already announced some positive preliminary results at the end of August, the resource is to be updated with new data “later this year”. The company is presently seeking to continue to define the ore body and ‘put ounces on the books’. At Stakhanovsky, the “drilling contractor was slightly delayed due to the logistics of moving equipment to the field, but drilling is well underway with about 6,000 metres completed” and at Nevsko Pestrinskoye, trench work started in July once the mountain passes to the site cleared of snow. Financials Results for the six months ended 30th June 2010 were announced on 30th September. The company reported a net $861,000 inflow from operating activities before working capital changes ($4.16 million after, though with both including $1.12 million of positive exchange movements). At period end it had cash and equivalents of $14.46 million and available-for-sale securities of $32.80 million. Net current assets totalled $13.87 million and net tangible assets $49.05 million. Valuation With its shares at 30.75p, Ovoca is currently capitalised at £27 million. This compares to cash and equivalents together with available for sale financial assets of $47.26 million (c.34p per share) and net tangible assets of $49.05 million (c.35.25p per share) as at 30th June 2010. The company’s project assets are thus in for less than nothing – despite their clear potential and the current highly positive gold price outlook. Some sort of ‘Russia’ discount is perhaps applicable but I noted in my recent Ortac Resouces* (OTC) t1p that 'if the resource is indeed 1 million oz, a value of $18 oz looks remarkably low whichever way you view it'. With 344,000 current JORC Inferred resource ounces of gold at Olcha and internal preliminary estimates suggesting a gold resource (albeit non JORC, of Russian standard compliant) of more than 700,000 ounces at Stakhanovsky, even $18 per ounce would add 13.5p per share to the Ovoca share price – and this before considering the evident significant exploration upside. I thus consider 50p should be an easy short-term target here and with the company’s strong balance sheet and clear confidence (already talking of having Stakhanovsky in production by 2013 for example), at up to 35p I consider the shares a compelling “buy”.
mbthedude
14/9/2016
15:12
Gold is on the up today, at least, even if we have negative posters here imo
hazl
14/9/2016
12:13
Irony will get you everywhere ,fiachra! Perhaps we both felt the same..........in that instance....who knows?
hazl
13/9/2016
11:42
Hazel. I appreciate your graciousness in recognising that I have been in this share for many years--30 in fact. I further appreciate that you have taken the trouble to bestow your accumulated wisdom,in thes matters, on me.
fiachra
12/9/2016
19:51
http://www.kitco.com/news/2016-09-12/Hedge-Funds-Push-Bullish-Gold-Bets-To-Near-Historic-Highs-Again.html
hazl
12/9/2016
18:49
hmm some interesting news on Syntonic (ASX:SYT) overnight. Looks like there might have been some real substance to the chit chat reported from the AGM. A partnership with Verizon no less ............. hTTp://www.asx.com.au/asxpdf/20160912/pdf/43b3hvs730v3wp.pdf LOTM
last of the mohicans
10/9/2016
15:08
http://www.morningstar.co.uk/uk/news/AN_1472661796659381500/polymetal-international-to-replace-berkeley-group-in-ftse-100.aspx POLY moves to more noticeable position.......ah we hold some of those I believe. Basically.....will they raise rates over in the US or not? That is the question. imo
hazl
10/9/2016
12:04
I hate to say it but looking back I see you were warned in 2012 it would drop but you seemed to be in it then and a believer. It is more about cycles than anything else I'm afraid. I repeat it is difficult to know which way it will go short-term but get an overview about market cycles before you invest in anything are my thoughts. IMO
hazl
10/9/2016
11:49
Fiachra I quite accept that you have been in this share for some years as well. Again sometimes it is difficult to read when a bear market is going to start and when it it is due to end. Everybody has winners and losers. Individuals experiences of a particular share are going to colour their perception of that company of course. I wish you both luck with your future investments. Nothing has any guarantees. IMO
hazl
10/9/2016
11:19
Ha ha YES my arrival coincided with a rise in the share-price I think you would have to agree! I have been in and out of Gold stocks much longer ago than that! I am prepared to be honest about what I see here as well,which many aren't. The way I look at it is this I am lucky enough to have made some money here whereas the ones who complain haven't. The rest are running on their profits so I am comfortable with the direction of this stock either way in the short-term. I could have sold out completely but have chosen not to yet. The reason that this share has drifted is because everybody is uncertain about the price of gold. They might be right to be concerned because the Fed keeps threatening to raise rates. That would be bad for gold and negative for stocks. HOWEVER They might not raise rates, it could be bluff because they don't want the stock market to lose value in America before the general election probably. None of us know for certain about that,whatever a poster might claim. I am not going to persuade or dissuade here but do, people, make your own judgements. Posters will always have their own agenda. I see no reason here to either buy or sell until things become clearer.If gold does still do well though, even if it is a few months away, I prefer to have some OVG because they might just have an interesting announcement of an aquisition or different positive news. IMO
hazl
Chat Pages: 519  518  517  516  515  514  513  512  511  510  509  508  Older
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