Ovoca going for gold
Dublin-based exploration firm has cash to invest, but being careful to select commodity with biggest potential
It has cash. The big question is what Ovoca Gold will do with it. The Dublin-headquartered company has gold exploration assets in the Magadan region of Russia; but its real trump card is a $27 million cash pile on its balance sheet, built up from previous asset sales.
Irish-based shareholders in the Irish mineral explorer, who have been in a minority on the register since three major Russian investors bought into it ten ...
