Ovoca Gold Share Discussion Threads

[fiachra] 12/4/2017 16:49

As altruistic as ever disinterestedly standing up for the little man.

[fenners66] 12/4/2017 16:42

Another lamb to the slaughter ?

[mikecfc77] 12/4/2017 16:36

Interesting 450k buy?

[mbthedude] 06/4/2017 04:42

fiachra I don't have a position just a morbid interest

[fiachra] 10/3/2017 13:31

Mbthedude. What's your position here now?

[fenners66] 01/3/2017 14:39

Yes,
Directors continue to draw their salaries.......

end of message

[mikecfc77] 01/3/2017 13:50

Well this is a slow moving stock, anyone have any news with OVG?

[hazl] 19/11/2016 12:13

I have to say I think interest rates are more likely to be raised in the US now and I am more negative on gold prices than I was.
Just to qualify my previous stance since Trump has turned things upside down.
It has been constant change.

IMO

[mbthedude] 16/11/2016 11:53

Remember that ramper that used to come on here spouting that OVG was going up and then down with the Gold price and in tandem with actual mining companies?

Couldn't have been more wrong could it?

[mbthedude] 19/10/2016 08:17

The owners get plenty of payback ZEBBO that's the main problem!

[zebbo] 18/10/2016 18:07

We live in hope, the director owners will want out at some point, or want some pay back. Why buy a load more stock if you just want to sit on it?

This is more like a slow burn with 2017 being a possible year of action and value realisation

[mbthedude] 18/10/2016 10:15

Well summed up fenners and lets not forget the Market Makers often price this with a 1 or 1.5p spread meaning you need a 10 - 15% rise just to break even!

[fenners66] 18/10/2016 10:11

Do you think us mere amateurs are the only ones to have looked at this share?
The market has had years to assess whether there is a chance of extracting value here.
No its not the same as other small cap undervalued shares - ie those with potential that start to realise it and shoot up.
This is a share with cards out on the table , the facts laid bare and the market has had this info for years.
Yeah sure in a tight market from time to time you get some small investors jumping in and the price goes up. Well done to anyone who can then sell again without the opposite happening - they will still need to sell to buyers at the higher price. But then how do those buyers make any money? By waiting for dividends?

Not going to happen , neither is returning surplus capital to shareholders - unless you happen to also be a director - administration expenses rose - no actual business done though.

You can have your dreams that you are the first to realise that the assets are greater than the share price and you have found the pot of gold at the end of the rainbow - just remember the market has seen it all before.

[trawl] 18/10/2016 00:28

even an activist investor could not get a stake big
enough to call for change this is locked down

[zebbo] 17/10/2016 21:34

Time to attract an activist investor, who will realise the value

[hazl] 17/10/2016 12:50

Very top of the leader board I see.

[mbthedude] 17/10/2016 12:12

Johns

Yes they do but the problem is as proven by history that any value will only find its way into the directors pockets through salaries and investing in connected companies.

ADYOR

[hazl] 17/10/2016 09:37

there we have it

[fenners66] 14/10/2016 01:32

So its been a long time since I looked in here and I have just read some of the recent posts.

I have to say it was sooo funny reading the "Interim Results" for a quoted company, haha I have seen accounts for corner shops with more detail. Thanks for the link MB.

I read the pdf and thought that cant be it I'll have a look at Ovoca's website. There is a 1 page that mentions the
" Comprehensive Profit" - their own term not an official PBT etc. and a link to the accounts that does not work!

For some it seems - research (whats that?) done.

But for those that can read accounts - hahaha what a load of rubbish - just as predicted years ago.

How about "other gains and losses" €1.6m - no explanation - like shareholders would want to know anyway!
Or "administration expenses" including that most revealing of category "Unallocated" you just couldn't make it up!

We burned € 6m euro on a loan to a company that is bankrupt - we know after all that they wanted to reinvent themselves as an investment company in gold miners - how many years ago? So they have invested in nothing.

But Directors remuneration.

Excess funds, nothing to do with them, return the cash to shareholders right? Wrong! Never. It will never happen imo.

Sorry off topic bit...
Separately : has the market ever had a pump and dump ?

If you were to do it ,how ? What story would you pump? Surely it would have to have at least the illusion of gains to come?

What are the famous ones ? Buy £10 for a £5?

How about seriously undervalued assets must be a winner?

All you would need is a few facts, ignorant investors and jam tomorrow story ?

Now back to Ovoca

On paper Ovoca has undervalued assets - as I said years ago - they are valuable if you can get your hands on the money - but only the directors who are major shareholders have managed any of this so far
no change here nothing to see , move on......

[mbthedude] 13/10/2016 10:58

.. double post

[mbthedude] 13/10/2016 10:58

hazl 6666 of 6671
sp regaining lost ground by the looks of it

That explains why you think you always make a profit you can't read charts this is the lowest its been since the start of August

DiscoD

I think from the temperament and hurt feelings every time someone disagrees with it hazl must be female so growing a pair may not be such a welcome addition ... IMO

[mbthedude] 13/10/2016 10:57

hazl 6666 of 6671
sp regaining lost ground by the looks of it

That explains why you think you always make a profit you can't read charts this is the lowest its been since the start of August

DiscoD

I think from the temperament and hurt feelings hazl must be female so growing a pair may not be such a welcome addition ... IMO