Ovoca Gold PLC Interim Results (3162H)
2016年8月16日 - 8:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 3162H
Ovoca Gold PLC
16 August 2016
Ovoca Gold PLC
16 August 2016
Ovoca Gold plc ("Ovoca" or the "Company")
2016 Interim Results
Ovoca Gold is pleased to announce its interim financial
statements and report covering the six-month period from 1 January
2016 to 30 June 2016.
Please click on the following link to view the full Half Year
Report:
http://www.rns-pdf.londonstockexchange.com/rns/3162H_-2016-8-16.pdf
Highlights:
-- Cash and cash equivalents and available for sale financial
assets of Euro 26.7 million as at 30 June 2016;
-- Total comprehensive profit for the six-month period to 30 June 2016 of Euro 6.4 million;
-- Dividend income received during the period of US$122,000 from
our holding of Polymetal International Plc shares; and
-- Cash payment of Euro 0.7 million received during the period
relating to the Taymura LLC debt, which we continue to pursue
through bankruptcy proceedings.
CEO's Statement
Dear shareholders,
It is my pleasure to report to you our financials and the
results of our work for the first half of 2016.
The global market recovery of the gold mining sector positively
reflected on our investment portfolio and boosted our financial
position. This sector recovery has also brought renewed attention
to our Stakhanovsky project. Management is using this time to
continue the search for an investor for the Stakhanovsky
project.
In addition to our gold activities, we also remained very active
with litigation regarding our outstanding loan to Taymura LLC,
which was declared bankrupt in February 2016. During the six-month
period to 30 June 2016, Ovoca recovered US$740,621 in respect of
assigned receivables in relation to this loan. Despite the
unconstructive legal tactics Taymura LLC beneficiaries have been
using, management still believes there is a strong chance to
achieve substantial repayment of the Company's loan. We will
continue to vigorously defend our interests in the bankruptcy
procedure of Taymura LLC and seek all legal options available to us
for the benefit of the Company.
Ovoca has a strong balance sheet and is entering a market upturn
in commodities. As such, management is positive for 2016 and looks
forward the next half of the year.
Sincerely,
Kirill Golovanov
CEO
ENDS
Enquiries:
Ovoca Gold plc
Kirill Golovanov, Chief Tel: + 7 495 916 6029
Executive Officer
Davy - NOMAD, ESM Adviser Tel: +353 (1) 679 6363
and Broker
John Frain / Daragh O'Reilly
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 16, 2016 07:00 ET (11:00 GMT)
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