Member Info for MikeF

No i know what you mean, you never know there may be a 200k sell come through soon that will drop the ask and i will jump on again then! GL

.55 live

Thanks for the tip mate, will have a look, seen that we were up 4% earlier this morning for a little spell and come back down! I don't think i have the patience to keep telling people this is undervalued so i might just forget about it and let people realise in their own time, if i manage to fee up some funds this afternoon i will be topping up though. GLA

little rally back up before end of play would be nice :) Hope this gets noticed soon! Even cheaper to buy in now, IMO i would say a definate double your money share if nothing else once this gets noticed... come on guys, wake up ha ha GLA

Very difficult to buck the trend, especially when a share hasn't pushed itself to the front of the viewing gallery. I cannot see why there is not more movement north than this atm. May just have to sit and wait for a week or so to see if other notice this. Really should be trading on much higher levels though IMO and i'm sure that the market will wake up at some point soon and help it on its way! We'll see... GL

Interesting article today from Andrew Pitts in Money Observer, giving an insight into just how mainstream gold investment is becoming in the current economic climate "I’ve always been sceptical about the investment merits of gold" "But most analysts are very bullish. Swiss bank UBS has told clients they should overweight gold in their portfolios, as it expects the price to hit $2,500/oz over the next five years." "Naturally, one would expect fund managers and other interested parties who focus on this arena to be quite positive on its prospects. But fund managers in the more traditional spaces are bullish too. Stuart Sharp, who manages small company funds for Rensburg Fund Management, tells me the lure of gold is ‘greater than at any point in my lifetime’, and he is no spring chicken. Along with the reasons above, Sharp detects a ‘genuine asset allocation shift from currency and bonds into gold’ by large investors" http://www.moneyobserver.com/content/life-barbaric-relic

and i can get some more for 3.5p at the mo so i would imagine the last 2 trades were actually buys. The 40k that just went through couldn't have been a sell, there is no way the spread would be that tight. Hopefully we will see a few more buys starting to come in now and a tick up within the hour would be nice ;) GLA

If you didn't see it heres the possible aquisition for Polymetal released yesterday which should push their shares up and the value of our shares within Polymetal will rise also: RNS Number : 2774P JSC Polymetal 23 March 2009  Potential Acquisition Saint-Petersburg, Russia, March 23, 2009 – in response to the press speculation, JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announces that it is in discussions in relation to the purchase of OOO Rudnik Kvartsevyi, a Russian company which owns the mining license to the Sopka Kvartsevaya gold deposit in the Severo-Evensky district of Magadan region, Russia (the “Transaction”). Discussions in relation to the Transaction are at an advanced stage and may or may not lead to an agreement being signed to effect the Transaction. The details of the Transaction and the structure by which it may be effected are yet to be agreed and approved by the Board of directors Polymetal. A further announcement will be made by the Company in due course. Pending any further announcement Polymetal does not intend to comment further on the Transaction. Pavel Danilin VP, Corporate Finance and Investor Relations Tel. +7 812 334 3666 E-mail: danilin@polymetal.ru Website: www.polymetal.ru

How long have you been holding these? I have been in these a few months and have watched all the different trades go through. This share has hardly been talked about and the fact that it hasn't really moved very far is because of that! The reason i am trying to brng this share to peoples attention is because their cash value is considerably more than their current sp and why would they raise more cash through the sale of 50% of theire Polymetal shares? IMO looks like either a possible JV on the cards or a possible t/o. Either way i am more than happy to wait for any developments and i don't think that i will be waiting that long! DYOR. GLA

Every share has a few sells that go through and this is no exception. The 100 and 200k's that come through now and again could be a number of things but the most important thing is that it doesn't seem to affect the sp at all. As soon as the volume picks up on this share the sells will be a very minor factor while this makes great progress. DYOR but looks like a no brainer with all the cash they now have. GL

Lets hope so, they are in a very good position to be taken over! Would see lovely profits then :) GL

Attached is a link to Digital Look and the last Interim report released although it's noy very recent: http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=13065# http://www.ovocagold.com/user_files/downloads/reports/RNS-Ovoca%20Interim%20Results%202008.pdf Hope this helps a little bit and good luck.

A little bit of interest on here, good to see some new faces! I emailed John O'connor of Ovoca last night just to see if i can get a general feel for what may be going on. Haven't heard back yet but when i do i will post. Bullishboy, i will try and find out whether they have any debt but i can't see it. I believe they had cash before the disposal of the Polymetal shares so now they have even more. Hope for a bit of upward lift again today and for this share to be common knowledge very soon. GLA

11.82% rise today wasn't too bad considering this is still under wraps for the time being. Hopefully word will get round soon about their cash flow and people may start jumping onboard! GLA

Put my figures straight then if you think that! What part have i got wrong? The fact that they have around £25mill in cash or the part that they still have around a £15mill holding in Polymetal which is increasing due to the current news! Please enlighten me.

Glad someone has seen this baby lol I know i keep repeating myself but i'm just very surprised that this isn't heavily talked about atm. Cash value is so much more than the current sp. No rush here as the cash value will rise this in itself and if a JV comes to fruition things could multiply IMO. GL

What are you talking about?

Noone else seems to want free money lol Just can't see why this hasn't been noticed by the majority of people. Oh well won't post anymore until a bit of interest picks up! GL mate.

LOOK! The 3,750,000 PMTL shares Ovoca has are now worth more than 4p a share to Ovoca and the cash in the bank is worth another 5p a share to Ovoca. PMTL now above $7.00 a share http://www.advfn.com/p.php?pid=quote&symbol=IOB%5ePMTL&cb=1237821140

Inside Building - The RNS on this will boost the share price. In particluar the Kola update as this will hopefully be a further increase in the resources. Once they have completed the feasibility study this company (IMO) will have cash and a very low cost producing mine. Therefore moving towards funding or a JV will be see a major increase in SP! nailsaz - I imagine they view themselves as a takeover prospect. has to be worth cash value at least which is around $55 mill. so 40 mill pounds