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like a yo-yo.
they have just slashed the BID - they know there is a seller and are dropping the bid. would not be shocked to see a delayed large buy being worked through for mid 13p level.
Or MM games ... I have taken the opportunity to top up in 13's and my buy is registered as a sell!! Overall though we are still 60% up from pre AGM so not surprising if a few people take profits. In the mid to long-term its still way undervalued even at 13p. To recap for anyone new to the board having seen last week's sp growth: OVG has cash and Poly shares worth over £20m ie over 25p per share OVG has a legal case (vs Taymura) to reclaim up to £6m in unpaid debts which gets concluded in February / March OVG is confident, as lead creditor, that it will win but it may receive Taymura's O&G assets which they will develop Management (at the AGM) have started talking to shareholders for the first time in years and have said about wanting to close the market cap to asset gap If OVG receives £6m from the case then there is another 8p to add to over 30p before you even factor in OVG's dormant gold assets or anything it might do with O&G Hence IMO a fair value of assets could be c. 40p .. ie 5x the value at AGM and 3x the current value
no buyer currently and sufficient sellers to cause a retrace... IF there is a buyer lurking they will wait for 12p and then add accordingly.
seems to be a seller. you can buy for 13.5p over 100k shares - lets see if anyone wants them...if not this will slide back a bit.
Morning oli12, what's the current buy price?
nice spread this AM. will someone have a few for 14.5p and keep us moving UP or will profit takers pull this down.
If if if. If your granny had balls shed be your grandad.
What profit. Not worth collecting. And if it ain't ticking it's fuc**d.
That's right I'm in opti. Actually in and out.
I think he is just being contentious for the sake of contentiousness. If you look at his history you will see that he posted on the OPTI board that he was glad and excited about being in OVG.
Costello a broken clock is right twice a day. If you post every day that it will fall then eventually you will be right. If you are sure it will fall and you hold shares here, why not sell and bank a profit?
Guys - lets keep it civil ... this has been a good (if rare) board with a focus on fact and not personal attacks. Costello is free to have his views but I would encourage everyone to focus on fact. Please tell me if any of this is wrong: 1. OVG has cash and Poly shares worth over £20m ie over 25p per share 2. OVG's gold assets aren't economic until gold is over $1400 hence the business hasn't been doing much but waiting (much to all us LTH's frustration) 3. OVG has a legal case (vs Taymura) to reclaim up to £6m in unpaid debts which gets concluded in February / March 4. OVG is confident, as lead creditor, that it will win but it may receive Taymura's O&G assets which they will develop 5. Management (at the AGM) have started talking to shareholders for the first time since I have been following OVG and have said about wanting to close the market cap to asset gap 6. Consequently the share price is up >70% from the AGM (8.5p to now 14.5p paid today) 7. But the SP still has 10.5p (ie another 120%) to go to 25p to just reach its cash and poly share value 8. If OVG receives £6m from the case then there is another 8p to add to over 30p before you even factor in the dormant gold assets or anything it might do with O&G 9. Hence a fair value of assets could be c. 40p .. ie 5x the value at AGM and 3x the current value Hence, and this is where fact ends and its just my opinion: 1. The share price will continue to move up towards the Feb / March court case 2. The sp could easily reach 20-25p during this time (25p is only the value of the cash and poly shares) 3. If the market spots this share it could go through the roof as there are very little free shares 4. At any point Mgt (with 51% of the shares) could decide to try to take the business private and realise the inherent value of the assets 5. Whilst I acknowledge management's silence and inactivity has been a big issue in the last 4 years of following OVG, the reality is they are talking now, they have options in gold and potentially oil and gas and if all else fails they have over £20m ie over 25p per share of cash and poly shares
You were wrong Thursday with your comment ..this will finish down tomorrow.... yeah yeah sure its going to finish down one day....Genius...
Overblown this one. Down on Monday. I'm always(or nearly always) right. I'm in here by the way. The sweaty masses will move on to others. On-line?
Welcome aboard indeed . A very goof week ... a few profit takers limited the sp to 14-14.5 today not quite our 15p on the advent calendar but 50% for the week is a good return and we are still way under asset value. I'm waiting for the MM's to knock the closing price again but last trade through on google was 14.5p. Hopefully more people will read up on OVG over the weekend based on this week's growth and see the potential.
@14.5 welcome aboard
we will get the usual low ball trade to end the day.
Nice find the rise could well relate to a favourable decision. How's that 14p looking? 15p close?
http://bankrot.fedresurs.ru/OrganizationCard.aspx?ID=70888F351719846854C4D775F395C945 14-12-2017 - bottom line reads - The bankruptcy manager G.Tverlenev informs that on 12.10.2017, the Arbitration Court of the Krasnoyarsk Territory received a statement from Sergei Igorevich Buffalo about the intention to pay back claims to the debtor about payment of mandatory payments. By the decision of October 17, 2017 the application was accepted for production, a court session was appointed.
there is 100k available for 15.5p will someone take it?
Here and it will go
Blimey it's happening. Like your 'Advent Calendar' pity they don't go on after Xmas to the 31st
can see 15p today. NO stock available early doors. a few more at 14.5p and then 15p.
Costello you have the chart upside down! More of the same today onwards and upwards (or downwards if you have the chart the wrong way)