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% 10.60p 10.00p 11.20p 10.60p 10.60p 10.60p 16,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -1.0 - 9.26

Ovoca Gold Share Discussion Threads

Showing 12901 to 12923 of 13000 messages
Chat Pages: 520  519  518  517  516  515  514  513  512  511  510  509  Older
DateSubjectAuthorDiscuss
15/9/2017
08:32
The ways in which other shareholders can gain 1, pay dividends - no plans company makes losses anyway 2, share buybacks - talk of asking for authority 3 years ago - nothing done since 3, someone buys the company - directors already did they have control 4, company liquidates and distributes funds - why? Solvent and the directors are drawing a salary why put yourself out of a job? Also there is no evidence that these directors have any "work" to do. What have I missed?
fenners66
15/9/2017
08:28
They sold the mine at the end of 2008! Almost 9 years ago. All other mining equipment and licenses have been sold or up for sale. They said they were going to use the money to start an investment fund - I think some of the cash has gone offshore. They lent ( so far gave) away millions not recovered. What else in 9 years?
fenners66
15/9/2017
08:26
I had not realised it has been soooo long !!!! 23 January 2009 Ovoca Gold plc Ovoca" or the "Company") Completion of disposal of CJSC Prospectors Artel Ayax Ovoca (London (OVG.L), Dublin (OVX.IR), Frankfurt (OVX.GR)) is pleased to announce that it has completed the disposal of 100% of CJSC "Artel of prospectors "Ayax" ("Ayaks"), as announced on 19 December 2008. JSC "Polymetal ("Polymetal") and a third party entity have now acquired 100% of the shares in CJSC "Artel of prospectors "Ayax" ("Ayaks") from a subsidiary of Ovoca Gold Plc for US$3,043,342 in cash and 7.5 million of Polymetal's common shares and a Deed of Novation and Assignment pursuant to which Polymetal conditionally acquired receivables of US$8,653,682.10 due from Ayax to Ovoca in exchange for a payment of US$8,653,682 by Polymetal to Ovoca (the "Transaction"). Further details on the Transaction can be found in regulatory announcements by the Company on 19 November 2008 and 19 December 2008.
fenners66
15/9/2017
07:49
Time will tell who is right Fenners my glass is half full, yours is half empty. i don't disagree the BoD have done nothing this year, nor the last either however I see this caution as a good thing, they are not just spending shareholders money frivolously as it's their own money by way of their holding. The administration costs are high however despite all the talk of FTSE 100 executive pay being too high and shareholder protests AIM executives pay themselves what they want and none cares. I think if OVG can get the money back they gave away this will represent a success. The cash they have which is in euros has actually gained value due to the € v £ exchange rate appreciation over the last 2 years. I don't disagree with your assessment Fenners I just see it as an opportunity.
oli12
15/9/2017
07:44
They are nasty bits of work,in my opinion, who do not appear to understand that sectors go up and down naturally and this share was typical of Gold miners,across the board. Clearly Russia has been out of favour as well. That could change. I did well out of this share before oil12 so I wish you well.
hazl
15/9/2017
07:38
I just have common sense and if you read back YEARS ago on this thread some of us said then that there would NEVER be a distribution from this company in our opinion. How many years is it since they sold to Polymetal? What have they done since? What have they done this year? Why are there high administration costs ? They even sold the mining equipment and admit to losing $m's But you still hope - or are you related to the directors? This RNS has no mention of doing anything except pursuing money they gave away . So a BOD that does nothing of note all year..... Wake up , smell the coffee...
fenners66
15/9/2017
07:22
Rath Dhu Limited must see some upside having purchased Damilles shares following their forced sale.
oli12
15/9/2017
07:19
I do hold shares here Fenners, why else would I post on a share I don't own that would be pointless. I agree this is very high risk however the company have made their big mistake with Taymura LLC they lost money, any favourable outcome now will be a bonus. People forget the board did sell the Goltsovoye silver deposit to Poymetal, all of the shares they acquired in Polymetal from this transaction are still held along with a lot of the cash. The board have shown a desire to create value here previously by initiating a share buy back program ( personally I am not a fan of this, RPC are currently doing this it's a false economy). Naturally the cash is tied up until the BoD see fit it's a positive they are not just spreading it for the sake of buying an asset (very common when companies have cash) however all shares carry the same rights - I could a a management buy out here they own a lot of the stock and they could buy the rest for way less than cash value. Are you short here or just burnt and warning off others?
oli12
15/9/2017
07:17
oil12 I agree about the assets. There are some stalebulls here that are unrelenting I 'm afraid. Good luck to you.
hazl
15/9/2017
07:10
Oli - unless you are a director or their family - I sincerely hope you have no shares here. This co. will never pay a dividend IMO. This effectively is the Director's pension fund. Would you pay out your pension fund to strangers?
fenners66
15/9/2017
07:05
Fenners just be grateful for the RNS and update - OVG isn't exactly the most forthcoming with updates / information. Go get your magnifying glass out however the basics are the co has €21.4m and a market cap of £6.63m - naturally all academic until the BoD decide to return a significant portion to shareholders. Note the board hold a significant portion of the shares here.
oli12
15/9/2017
07:01
OMG - I have seen some derisory reports but that....... You were warned .....
fenners66
15/9/2017
06:52
Hahahahahaha Can you get a smaller font on a pdf? I cant see the numbers! zoom to 200% and they are still too small !! hahahaha
fenners66
15/9/2017
06:47
A "set" of interims .....??!! The RNS says - go find them yourself we are not showing you the figures here.... Ovoca Gold PLC Interim Results 15/09/2017 7:00am UK Regulatory (RNS & others) RNS Number : 8064Q Ovoca Gold is pleased to announce its interim financial statements and report covering the six-month period from 1 January 2017 to 30 June 2017. Please click on the following link to view the full Half Year Report: http://www.rns-pdf.londonstockexchange.com/rns/8064Q_-2017-9-14.pdf Highlights: -- Cash and cash equivalents and available for sale financial assets of EUR21.4 million as at 30 June 2017; -- Total comprehensive loss for the six-month period to June 30 2017 of EUR1.2 million; -- Dividend income received during the period of EUR0.3 million from our holding of Polymetal International Plc shares; and -- Cash payment of EUR0.5 million received during the period relating to the sale of mining equipment. CEO's statement Dear shareholders, It is my pleasure to report to you our financials and the results of our work for the first half of 2017. During the first half of the year, we completed the disposal of mining equipment for consideration of approximately EUR0.5 million and continued with our search for an investor for the Stakhanovsky project. During the period we also remained very active with litigation regarding our outstanding loan to Taymura LLC, which was declared bankrupt by a Russian court order in February 2016. In accordance with Russian law, all assets of Taymura LLC were valued by an independent auditor, and subsequently divided into two main categories of assets, namely: 1) oil extraction and production equipment, including the license (valued at approximately US$11 million); and 2) oil products (diesel, gasoline, etc.) stored in stock reservoirs on site (valued at approximately US$1.3 million). Taymura LLC also has receivables (of approximately US$2.5 million) which are also the subject of litigation. The first group of assets were placed in an auction process in May 2017; as there were no participants in this first auction process, it was lapsed. The second auction for the first group of assets was originally scheduled to take place on 15(th) August 2017 at an initial price equal to US$10 million. However, this auction is currently suspended pursuant to a court decision. Beneficiaries of Taymura LLC have continued to use unconstructive tactics in the courts in order to try and cancel the auction process and to seek to remove Ovoca from the register of creditors and these activities have led to a delay in the bankruptcy procedures. Separately, Taymura LLC disposed of the second group of assets in August 2017 for US$1.3 million and the proceeds received from this disposal were applied to cover the register of current debt, including salaries of ex-employees of Taymura. Ovoca continues to pursue its legal options in order to protect its interests in the bankruptcy procedure and to enable the disposal of Taymura assets through the proposed auction at the market price. Sincerely, Kirill Golovanov
fenners66
15/9/2017
06:47
Interims out today. Not much action however €21.4m in cash / equivalents not the market cap of £6.63m!
oli12
10/9/2017
16:11
Well looking at Damille Investments most recent update, it seems they have sold their 4,382,100 shares in OVG. (5% holding). This was expected as Damille is disinvesting its fund - pleased to see this exit has happened without the share price dropping too much. Don't expect OVG to announce anything re the sale or who the purchaser is despite it being more than 5% of the companies capital... for long term suffers here that no shocker.
oli12
09/9/2017
09:09
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
04/9/2017
06:05
Over 9m shares sold off book Driday at a significant discount. Maybe Damille starting to dispose of stock. (Damille Investments hold 5% here and need to sell before year end as they are winding down their fund)
oli12
28/7/2017
15:50
Well it's news of a sort.... it's a start!!!!
oli12
26/7/2017
17:00
Every dog has its day - it's worth a punt. On the positive no news means no bad news! Let's see where we are in a few months.
oli12
26/7/2017
15:55
Oli12 They don't do news either!
mbthedude
26/7/2017
08:41
Well good luck , you may find someone else to sell them to, but don't ever expect a dividend. As for any projects , why should the directors risk their money?
ibrox
26/7/2017
07:16
I have. I have taken a chance here despite the numerous risks. Given the directors own the majority of the company they won't spend the cash on a new project unless it's worth it. Granted their remuneration, lack of communication and urgency to do anything is concerning however I feel the next 6 months will bring a lot of news for OVG holders.
oli12
Chat Pages: 520  519  518  517  516  515  514  513  512  511  510  509  Older
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