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Olive Resource Capital Inc. (TSXV: OC) is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The company holds 82,925,238 shares of Rockcliff Metals Corporation and is set to acquire additional shares through an agreement with Hudbay Minerals Inc. Olive has an unaudited Net Asset Value per share of $0.064 for December 31, 2023, and is actively involved in share repurchases through the Normal Course Issuer Bid (NCIB). The company focuses on expanding its asset base and capitalizing on the potential in junior mining equities.
Olive Resource Capital has reported its unaudited Net Asset Value (NAV) of C$0.065 per share for November 30, 2024. The company's share price at month-end was C$0.025. The total NAV breakdown shows major holdings including Black Sheep Income Corp. (C$1.26M), Working Capital and Liquid Investments (C$1.53M), and Other Public Equity Investments (C$1.88M), totaling approximately C$6.86M.
The company experienced a modest 4.3% decline in NAVPS during November, outperforming both the S&P/TSX Global Gold Index ETF (-5.7%) and TSXV Materials Index (-6.4%). Management noted that the U.S. dollar continued its appreciation, while major commodity prices dropped, particularly copper, due to disappointing Chinese stimulus expectations.
Olive Resource Capital reported an unaudited Net Asset Value (NAV) of C$0.067 per share for October 31, 2024, while the company's share price stood at C$0.025. The total NAV of C$7,164,217 includes significant holdings in Black Sheep Income Corp. (C$1.26M), working capital and liquid investments (C$1.78M), and other public equity investments (C$1.92M). The company's NAVPS increased by 4.1% in October, driven by strong performance in Valore Metals and precious metals positions. Management notes heightened volatility in commodity markets and remains cautious through November, traditionally a weak season for risk appetite and commodity returns.
Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share of C$0.065 as of September 30, 2024. The company's share price at the end of September was C$0.025. The NAV breakdown includes investments in various companies and sectors, with the largest contributions coming from Black Sheep Income Corp. (C$0.012 per share) and working capital and liquid investments (C$0.016 per share).
The company's President and CEO, Samuel Pelaez, noted that gold prices reached all-time highs, copper prices rose, while oil prices dropped. He expressed caution for Q4 2024 due to potential US dollar rebound. Executive Chairman Derek Macpherson highlighted a 1.9% increase in NAVPS and mentioned the company's strategy of increasing exposure to gold companies and platinum/palladium producers.
Olive Resource Capital did not repurchase any common shares under its Normal Course Issuer Bid (NCIB) in September. The company currently has 109,174,709 common shares outstanding.
Olive Resource Capital Inc. (TSXV: OC) held its Annual and Special Meeting of Shareholders on September 25, 2024. Key outcomes include:
- Re-election of incumbent directors Derek Macpherson, Samuel Pelaez, Jeffrey Singer, and Evelyn Foo
- Election of Jacob Willoughby as a new director, replacing David Regan
- Approval of all other items, including re-appointment of auditors and the company's incentive stock option plan
Jacob Willoughby brings 20 years of mining capital markets experience and technical knowledge to the board. The company experienced technical difficulties with the dial-in conference line, but the meeting was properly constituted for business transactions with in-person attendance.
Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share of C$0.064 as of August 31, 2024. The company's share price at the end of August was C$0.025. The NAV breakdown includes investments in various companies, with the largest being Black Sheep Income Corp. at C$1,262,649. Working capital and liquid investments account for C$1,777,859. The company's President, CEO, CIO, and Director, Samuel Pelaez, noted that gold prices rallied to fresh all-time highs in August, outperforming other commodities. The company's NAVPS decreased by 3.7%, primarily due to a pullback in one of its best-performing investments, Midnight Sun Mining. Olive Resource Capital did not repurchase any common shares in August under its Normal Course Issuer Bid (NCIB).
Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share as of July 31, 2024. The company's estimated NAV is C$0.066 per share, while its share price at the end of July was C$0.025. Olive's NAV breakdown includes investments in private and public equities, working capital, and other merchant banking investments, totaling C$7,012,577.
The company's NAVPS increased by 4.2%, aligning with the TSXV Materials Index but lagging behind the XGD Gold ETF. Olive's diversified portfolio underperformed compared to gold-specific investments in July. However, management believes the portfolio is well-positioned for an expected bull market in commodities. During July, Olive did not repurchase any common shares under its Normal Course Issuer Bid (NCIB).
Olive Resource Capital announces an estimated, unaudited Net Asset Value (NAV) per share of C$0.063 as of June 30, 2024. The company’s share price at the end of June was C$0.025. Despite the NAV per share decreasing by 3.7%, it outperformed the TSXV Materials Index, which fell by 10.1%. Olive’s portfolio includes investments in Black Sheep Income Corp, Guided Therapeutics, and various public and private equity investments.
In June, Olive repurchased 2,030,000 common shares under its Normal Course Issuer Bid (NCIB) and now holds 3,030,000 shares in treasury pending cancellation. Currently, Olive has 109,174,709 common shares outstanding. The NAV value is a non-GAAP financial measure, calculated as the value of total assets minus total liabilities divided by the number of outstanding shares.
Olive Resource Capital has announced an updated, unaudited Net Asset Value (NAV) of C$0.066 per share as of May 31, 2024. The company's share price at the end of May was C$0.03. Key investments include Black Sheep Income Corp. valued at C$1,262,649 and Guided Therapeutics valued at C$371,965. The total NAV is C$7,129,651. According to CEO Samuel Pelaez, high gold and copper prices boosted the company's NAV by 5% in May. Despite declines in oil prices, investments in junior resource companies outperformed larger counterparts. No shares were repurchased under the NCIB in May, and Olive holds 1,000,000 shares in treasury pending cancellation.
On May 14, 2024, Olive Resource Capital announced its unaudited Net Asset Value (NAV) per share for April 30, 2024, at C$0.063. This is a decrease of just under 2% from the previous month due to the Nevada Zinc equity being marked to zero. As of March 31, the company's share price was C$0.025. The NAV comprises various investments, including Black Sheep Income Corp. and Guided Therapeutics Inc., with total assets valued at C$6,832,889. Olive repurchased 500,000 shares in April through its Normal Course Issuer Bid (NCIB) at an average price of C$0.025 per share, holding 1,000,000 shares pending cancellation. The company has 109,174,709 common shares outstanding. The NAV is a non-GAAP measure and should not be considered in isolation or as a substitute for GAAP metrics.
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