Member Info for Upside

Have you got any opinion about DUC I think it might have legs but no news yet.

Not a bad start. Should be news in the next few months.

My fellow director, Nicholas Nelson and I were appointed as directors of Ducat Ventures Plc ("Company") following the General Meeting of the Company held on 18 November 2013 at which shareholders approved, inter alia the disposal of the Company's trading activities and a placing which raised proceeds of £285,000 (the "Placing"). Leslie Barber, Alex Dowdeswell and Clive Garston, the former directors of the Company resigned on 18 November 2013. The Company therefore no longer has any trading activities and is classified as an "Investing Company" pursuant to the AIM Rules. The Company's investing policy is to invest in opportunities within a range of high growth sectors such as natural resources, technology and life sciences. The board has already identified a number of investment candidates and is performing early stage due diligence. The board is keen to build shareholder value. If they became an investing company on 18th November they have 12 months from then to make an investment. Tick tock

As previously announced, following completion of the ten for one consolidation of the old ordinary shares and the subscription at 0.03p per New Ordinary Shares, the Company has 610,730,177 New Ordinary Shares in issue (comprising 610,711,787 New A Ordinary Shares and 18,390 New B Ordinary Shares).

Under a normal share consolidation a 10 for 1 reduction usually results in an initial ten fold increase in price on the first day of trading. However this is not a normal consolidation the original shareholders were consolidated ten to one but then 500 million new shares (85%) of the new share issue were floated at 0.03p. This raised all of 150K. So how the hell can the company with no assets just out of suspension suddenly be worth 2.5million quid based on current sp.

After a share issue at 0.03p do the mm,s really think anyone will buy in at this price LOL

Speculative, well yes. Just don't bet the farm on it

The existing shares in issue will be consolidated on a 10 for 1 basis leaving existing shareholders with 110,730,000 shares then 500,000,000 new shares will be issued at 0.03p each raising £150,000 to give a total of 610,730,000 ordinary A shares. Forget the B shares for sake of argument. Given that the majority of the shares will have just been bought at 0.03p lets assume that to be the market price so the market cap will be 610,730,000 x 0.0003 = £183,219 This for a company with no income no assets and very little prospect of raising cash without further dilution.

0.5p

They just keep diluting the shares and giving even more to the BOD.

Hi Mate. Seems we share a few holdings I am thinking CSH XTR OEX etc. Agree this one has been forgotten about but this mining deal has all the makings of a profit turner.

Just been paid

Could be a strong finish

Sleeping now until news

Should be interesting to see what price the new shares will be issued at

Hoping for some reaction to the mining deal soon. Bunterthepunter are you still invested here??

They have been doing nothing all year.

Should be announced any time now so maybe we will find out what they have been doing all year.

The results came out on the 24th May last year and it is very rare for the company to give any updates. They have taken this decision as a way of saving money however they do have a 50% share in producing assets in the US and the last update spoke of the intent to raise production levels and a vote was taken at the agm to persue mining oppertunities. They might just pull something out of the hat hence the recent buying.

Maybe the long awaited aquisition as voted for at the last AGM might finally be on the cards. Along with increasing production in the US oilfields maybe the SP will move north.