4027 days ago
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
