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Totally agree Jolly - Looks good in the medium-term once financials catch back up with the share price, but for now it looks fully priced http://www.theel1tetrader.com/2013/11/trifast-higher-valuation-secured.html Good luck with your investments, El1te

Interesting price action today. Obviously not happy with the price action though. Dilution is roughly 19% of the initial share capital, so broadly in line with today's fall. The line about lower revenues is disappointing although the revenues lost will probably be from the lower margin creation and deployment side - possibly linked with a fixed number of staff. The possible positive is therefore that any shortfall there is made up by the licence revenue which doesn't carry the same cost of sales. Results will make for interesting reading

Had a flick back through the numbers as misread it. Quite right. The £3.2m was LatAm revenues for the FY (last year). Please ignore earlier post. Will be interedting to see whether any decline is bought into.

That reduces the remaining concern, although perhaps could have done it at a high price. However!, the thing they want us to pick up on is that revenues for H1 are substantially higher at £3.2m. That pretty much guarantees that Mirada will make a very healthy profit in H1 alone. Not bad at all

Due out late November / early December, as per my review. Dates given by the CFO GL, El1te

Well worth a look at MIRA if you get a spare chance. Back-test of 2.50p seems to have been completed. Can't see a much larger drop today (than the current percentage) as people are probably ready to buy should it drop further. Having 2.5p as support would be a positive sign

New write-up on Mirada available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here on LSE http://goo.gl/6dspGQ Good Luck with your investments, El1te

Results due late November / early December

For what it's worth, Odey Asset Management took out a 0.57% short on 31/09/13 http://shorttracker.co.uk/company/GB00B282YM11/all

Just completed a write-up on CAPD that is available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here on lse.co.uk http://goo.gl/zxo38W Good Luck with your investments - El1te

http://www.asx.com.au/asxpdf/20131031/pdf/42kh9t8hwsx87d.pdf

Fair enough - Agree with your crowd point actually. When I initially wrote the review the boards were not particularly active, but the following days of huge volumes and little movement allowed a lot of private investors in. Hope your investments are going well (I'm sure they are!) - RIA taking a bit of a breather over the last couple of days so would expect a resumption of the trend sooner rather than later.

Did you get in BMN mate?

Wouldn't say miniscule, but it certainly isn't a huge problem. Serabi has 600k oz indicated/inferred/measured. Serabi's kenai acquisition has added 100k oz to that although that should be massively uplifted after the current drilling program. There are plenty of satellite deposits they can tap into, and it certainly is worth the hassle. The resource isn't 'too small' considering the grades. The grades make up for the smaller deposit size - worth reading my report if you haven't yet :) Wary of clogging up the OVG board with talk about other companies, so if you want to continue chatting email me (theel1tetrader@outlook.com) Happy to talk! El1te

Have mate, but tend to steer clear of most companies with large amounts of debt as a precaution. Probably means I miss out on a fair amount of upside in some cases, but plenty of other companies which meet my criteria. I continue to prefer Serabi Gold at the moment, and see that as being at an increasingly attractive price. The gold grades they have uncovered are superb. Lennie - no problem. I hope Ovoca starts delivering to reward holders as to date I don't think anyone can argue that they have disappointed. Best of Luck!

Sure. Here is a brief list of ideas: Positives: - polymetal shares rise - but how does this help shareholders? Many were calling for a special dividend in light of the cash balance but the directors seem extremely reluctant - Decent looking gold assets that clearly have some intrinsic value, proved by the sale - Significant cash balance - resource update proves 337k resource, but "Considerable portions of the resource are less than 2.0 m wide and much of this mineralisation will be uneconomic. Given that the mineralised domains are quite narrow, open pit mining would comprise a significant volume of waste and a high stripping ratio is anticipated." - market cap is low - how much further can it fall in any circumstances? Negatives: - market cap has been trading at lss than cash for an awful long time - why should that change? - Polymetal shares fall further (possible in light of mining sector) - Timothy McCuthcheon left as CEO for no given reason - Very poor news flow and illiquid shares means that it's very difficult for investors to become interested. Also, there is a lack of trust with Russian companies - winter approaching means operations will cease and no clear upside catalysts - contingent provisions of $14m of liabilities on the balance sheet Appreciate that is slightly one-sided, as has been my experience with Ovoca, but ultimately there is unlikely to be any rush to get in, especially since the winter season is approaching. Therefore, until there is any sort of catalyst, the share price will remain at these seemingly lowly levels. The catalyst would genuinely need to be value realisation for shareholders, and not for the company as per the last asset sale. Doing an above average amount of research here is necessary! Feasibly, they could turn the ship around, but with so much other choice in the market, it's not the best opportunity in my opinion. Sorry it's so brief, bit busy this evening, El1te

Hi Lennie, Quite possible some of the larger trades could have been Damille but there hasn't been an RNS on it yet. Also, the 10p psychological support has been properly breached, which is a bearish signal in itself. I reckon the recent selling is down to the latest Interim Results which showed a huge H1 loss and had pretty minimal detail. It's shocking that Ovoca doesn't give more regular operational updates, unlike the vast majority of miners. On reflection, their balance sheet looks pretty dodgy also. Just my thoughts, El1te (P.S. If you want me to, I can type up a list of problems I have with Ovoca so you can decide whether they merit disinterest)

No Problem - My more recent article referred to activist investor Damille potentially unlocking value here. However, they are set to be wound up in early 2014 so that won't happen and unfortunately it is very difficult to persuade the board because they have a majority holding. Hope that helps, El1te

Obviously I can't advise anything, but I have been following Ovoca for a long-time and decided to dump them from my Buy list earlier in the year. The problem is that it has been stuck at this valuation for an awful long time and I can't see anything propping this up - I reckon it will now continue to be 'undervalued' in the future. I recommend you read the articles on my site: www.theel1tetrader.com for Ovoca. I initially had the same though trail as you, but it has been a pretty pathetic share and I can't see that changing. If I'm being honest, the reserves report wasn't great either. As I said, wouldn't be tempted by the cash pile and wouldn't touch this share will never touch this share again. Those are my honest thoughts. Think carefully and make sure to read up other sources. El1te

Posted this on another forum earlier: It became clear to me earlier in the year that this is run for the benefit of the board and hence moved it from Buy to No Rating on my site accordingly, for a small loss. I genuinely feel that Ovoca needs to be delisted. Its listing serves no purpose and the news flow is pathetic. Furthermore, the directors hold such a large stake that private investors have pretty much no say. The cash is being depleted at an alarming rate as well. Would seriously urge you to not be tempted by the cash pile.