Member Info for SlowLearner

I've got 100k ... so only 2.9m to find!! ... A good day today on NTQ .. hopefully a fair bit more to come. I could do with it to balance out losses elsewhere. We'll try and keep you company for a bit Lennie if you're feeling lonely

Have you had a reply yet? Something may be up / about to come out ... 350k shares bought today out of the blue(average volume 1500!!) .... hopefully the underlying value in this share will be finally realised

Yep, I am still being patient ... OVG's time will come (its got too much cash & assets for the share price to stay this low in the longer term)

Not a lot (yet) unfortunately ... it's not got a massive free float. It's a mid to long term bet for me on the basis that it is significantly undervalued IMO vs its cash pile, shares in Polymetal from a previous sale and assets. As per some of the messages on this board, some people feel its lack of news flow and illiquid shares (+lack of trust for Russian companies) mean it is unlikely to move upwards. I guess the reality is that when/if the share gets noticed and people start buying it will jump up as there is little stock available however for this to happen it has to get noticed and investors have to agree with the undervaluation. I am holding as I think it will happen but others aren't.

Many thanks

Thanks Elite ... sounds like you have had a good look at the share. Am sure you saw the RNS (resource update) on 22nd ... didn't look too bad to me but can see that they haven't done many updates in the past. Hopefully this is a sign of more communication and the bottom for this share. At the current market cap of £7.5m they have got to burn an awful lot of cash (£14m of the £16m) in 2013 to get cash + share= market cap (ignoring their other assets). I think I am going to take a punt (nothing silly) but I want to be in it when it shoots up

Thanks ChameleonMan ... have had a look but come up with 2 thoughts/questions about whether OVG is massively undervalued: 1. If you reduce net assets for the £18m intangible assets (worst case scenario) you still have c.20p a share (ie way over the current sp) ... and cash + Poly shares still gives you 20p a share 2. 2012 had a big uptick in Other current assets and other current liabilities .. could this have been the Olcha sale as it was over year end 2012 .. or are management buying up equipment that they haven't paid for yet (that will subsequently use up a big chunk of the cash pile) Clearly the answer to the latter might explain why the share price is so low but it feels to me like it could be an unloved, unnoticed bargain What do you think?

OVG got flagged over on the POG board .... can anyone here explain OVG market cap £7.6m but cash = £16m and Poly shares of almost £9m (@£6). Last available cash burn (2012) wasn't huge ... what am I missing?