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Ovoca Gold – back the asset stripper Brett Miller vs Management


Tom Winnifrith
Thursday 18 April 2013

It emerged late yesterday that Damaille Investments, the vehicle of asset stripper Brett Miller has taken a 5% stake in failing gold explorer Ovoca (OVG) and it is not because he is impressed by its Russian exploration asset. No-one could be.

Miller paid around the current share price for his stake – c 12.5p- which values Ovoca at less than £12 million. Following a recent disposal the company is likely to be sitting on net cash and realisable assets of at least £25 million

on ShareProphets.com | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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