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Why thank you....Aim is a strange beast and it often happens that certain shares always bring you luck and that's the case for me with OVG. I have no intention of selling at the moment as we are so undervalued, and with the BOD now starting to make noises about doing some productive work, I can see this well exceeding 20p Good Luck holders ( and future holders ) DYOR Lennie
What is it with this spell checker? Andrew = a few!
Wells it was relentlessly down for years so it deserves Andrew relentlessly up days. Good to see that this has turned positive although it will require news to come through if it is to maintain it. If they just get cash back from Taymura then that will not be the news that ultimately moves this. Cash is not an issue for Ovoca -vision and action is. If they pick up the O&G assets now that is an entirely different matter. Lennie, Let us know when you sell as you are the benchmark for OVG trades!
20k at 13p and then it jumps to 13.75p for the next lot and over 14p. any buying pressure and we could see 15p easily - they need shares and there are NO sellers.
Seems like we are 20p+ bound
So ask is up yet again....it's relentless but in a very positive way 13p now to buy 20k shares and bid is 12.25p Lennie
@70% discount to nav, should we get a whiff of good news then bingo. All I can say buy before the stampede
So we got our 12p today and Oli is understandably calling for 13p tomorrow. Despite having two days with fudged closing prices (whether MM mischief, KGB or admin glitches) the reality is: people paid 12.5p today, it is very hard to get any shares; OVG's Market cap is still a fraction of cash, poly shares, assets, etc. Let's just keep enjoying the steady rise to the court case results in Feb / March. And if the market spots the opportunity before then and everyone piles in then welcome very quickly 16/20/24p and maybe beyond if a purchaser teams up with mgt (who still have their 51%)
I blame the KGB !!
Again knocked of leaderboard at close....
next stop 13p... you can get quotes for small amounts only - any volume goes to negotiated
Sell matched with a buy this could go crazy with volume
a small 2K punt
Still Cheap indeed ... the 20p + assets doesn't even factor in the tax benefits of historical losses ... depends on details of the 2013/14 losses but there could be a £4-5m cash benefit by offsetting corporation tax (great for a profitable purchaser of OVG ... all a purchaser needs to do is get management, with 51% of the shares, on board and they get 25p+ of assets for a bargain with a potential bonus from the £5-6m court claim) Purchasing the 49% not held by management would cost a purchaser only £4.5m + the bid premium required ... if I had £7m I would call management!!!!! Naturally DYOR but I am quietly adding today with the sp over 12p
can only get a quote for 100 shares but better not buy them or I'll get analysed by Slow !! It appears the MM's don't have any stock and purely relying on sells. This could really fly if a few people realise what a silly SP this is. DYOR Lennie
any buying pushes this UP, free float is small and stock held tightly. As buyers arrive this will rocket.
Now;-)
there's your 12p and immediately we are at 11.75p : 12.25p bid:ask Still a long way to go Lennie
market cap stil sub 10m and at a significant discount to cash. This could easily add another 50% possibly 100% to 20p. This company has 1 thing many AIM companies fail to make --- CASH.
That should hopefully raise a few eyebrows and get a few more to realise how soooo undervalued we are here. Lennie
Top of the leaderboard first thing ;-)
or perhaps they are going to launch a crypto currency !!! Only kidding Well done Slow.......you sound like an auditor with your methodical analysing of the trades.....have I guessed correctly??!!?? Good Luck holders Lennie
Be possible ovoca have been selling its holding in polymetal?. Might explain poly decline as gold climbed. If indeed the bod want a change in focus releasing some cash would make sense.
Slow learner... only 12p... well spotted. Let’s see what tomorrow brings. Something brewing Ovoca Gold is coming in from the cold... soon to be Ovoca Oil
Slowlearner! Top of the class. Whatever the reason tomorrow looks set to be interesting.