Ovoca going for gold

Dublin-based exploration firm has cash to invest, but being careful to select commodity with biggest potential

21st August, 2016
Ovoca Share price graph for the past ten years and Kirill Golovanov Pic: RollingNews

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 years ago, are...

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