Ovoca Gold PLC Share Price (OVG)

Tomorrow imo ;-).

All quiet here again....looks good technically with 10p strong support.

https://uk.tradingview.com/symbols/LSE-OVG/

Are we expecting further news in the next few months?

Lennie

I agree that the brief 7am rns was laughable in terms of the 2018/2019 typo and its brevity. However reading the later RNS and spending some time researching then there is a lot to the company and technology they are investing in, eg from http://www.publicnow.com/view/3926AD367E0B34591AF0EC78CC6E39BEDF74278D) .
I agree with your concerns about management historically - they haven't exactly been busy in the last 4 years however the results back in May and RNS again today have some of mgt leaving and the statement that more will go.
Thus I see this as the changing of the business from a cash shell (former miner) into a biotech/pharma business … clearly a big shift and I can imagine a bunch of investors will exit but the bios for the new management and their proven track record in pharma has me staying in (and hopefully getting the upside of a special div from the surplus cash/assets and sale of the gold asset … don't forget the market cap is still way under asset value even after the $6m investment)

Just re reading the RNS from today this made me smile - “To date, IVIX has completed Phase II clinical studies in Russia for Libicore. It now intends to complete the Russian Phase III clinical trial for Libicore in Q3 2019 and expects to have the results available by Q2 2019, following which it will seek approval for the marketing of Libicore in the Russian market” well I guess the results should be good given the time line. Did no one check the RNS! IMO if the directors of Ovoca put the shareholders first then they should have returned cash and wound the company up, today’s diversification is just an excuse to keep drawing salary for a few more years - given the shares directors hold they can do what they want as they can vote anything through. Be cautious here and DYOR before buying.

Personally I wouldn't go anywhere near a PJ company. The only people who make money from them are PJ and his merry men.