Olive Resource Capital Announces December 31, 2024 NAV of C$0.064 per Share
Olive Resource Capital (TSXV: OC) has reported its unaudited Net Asset Value (NAV) of C$0.064 per share for December 31, 2024. The company's share price at December's end was C$0.025. The total NAV stands at C$6,770,245, comprised of various investments including Black Sheep Income Corp. (C$1.27M), Omai Gold Mines (C$457K), and working capital with liquid investments (C$1.40M).
The company's NAVPS declined by 1.3% in December, outperforming both the S&P/TSX Global Gold Index ETF (down 6.5%) and TSXV Materials Index (down 3.4%). The outperformance was primarily driven by Olive's position in Omai Gold Mines. During December, no common shares were repurchased under the Normal Course Issuer Bid (NCIB), with the company holding 3,030,000 shares in treasury pending cancellation.
Olive Resource Capital (TSXV: OC) ha riportato il suo Valore Netto degli Attivi (NAV) non verificato di C$0.064 per azione per il 31 dicembre 2024. Il prezzo delle azioni della società alla fine di dicembre era di C$0.025. Il NAV totale si attesta a C$6,770,245, composto da vari investimenti tra cui Black Sheep Income Corp. (C$1.27M), Omai Gold Mines (C$457K) e capitale di lavoro con investimenti liquidi (C$1.40M).
Il NAVPS della società è diminuito dell'1.3% a dicembre, superando sia l'S&P/TSX Global Gold Index ETF (in calo del 6.5%) sia il TSXV Materials Index (in calo del 3.4%). La sovraperformance è stata principalmente guidata dalla posizione di Olive in Omai Gold Mines. Durante dicembre, non sono state riacquistate azioni ordinarie nell'ambito dell'Offerta Normale dell'Emittente (NCIB), con la società che detiene 3,030,000 azioni in tesoreria in attesa di cancellazione.
Olive Resource Capital (TSXV: OC) ha informado su Valor Neto de Activos (NAV) no auditado de C$0.064 por acción para el 31 de diciembre de 2024. El precio de las acciones de la compañía a finales de diciembre era de C$0.025. El NAV total se sitúa en C$6,770,245, compuesto por varias inversiones, incluyendo Black Sheep Income Corp. (C$1.27M), Omai Gold Mines (C$457K) y capital de trabajo con inversiones líquidas (C$1.40M).
El NAVPS de la compañía disminuyó un 1.3% en diciembre, superando tanto al ETF del S&P/TSX Global Gold Index (que bajó un 6.5%) como al Índice de Materiales TSXV (que bajó un 3.4%). El buen rendimiento fue impulsado principalmente por la posición de Olive en Omai Gold Mines. Durante diciembre, no se recompraron acciones comunes bajo la Oferta Normal del Emisor (NCIB), con la compañía manteniendo 3,030,000 acciones en tesorería a la espera de cancelación.
올리브 자원 캐피탈 (TSXV: OC)은 2024년 12월 31일 기준으로 주당 C$0.064의 감사받지 않은 순자산가치(NAV)를 보고했습니다. 12월 말 회사의 주가는 C$0.025였으며, 총 NAV는 C$6,770,245에 달하며 블랙 쉽 인컴 코프 (C$1.27M), 오마이 골드 마인스 (C$457K), 유동 자산과의 노동자본 (C$1.40M) 등 여러 투자가 포함되어 있습니다.
회사의 NAVPS는 12월에 1.3% 감소하였으며, S&P/TSX 글로벌 금 지수 ETF(6.5% 하락)와 TSXV 자재 지수(3.4% 하락)를 초과주었습니다. 이 초과 성과는 주로 오마이 골드 마인스에서의 올리브의 입지에 의해 주도되었습니다. 12월 동안 정상 발행자 입찰(NCIB) 하에 보통주를 재구매하지 않았으며, 회사는 취소 대기 중인 3,030,000주의 자산을 보유하고 있습니다.
Olive Resource Capital (TSXV: OC) a rapporté sa Valeur Nette d'Actif (NAV) non auditée de C$0.064 par action pour le 31 décembre 2024. Le prix de l'action de l'entreprise à la fin décembre était de C$0.025. La valeur totale du NAV s'élève à C$6,770,245, composée de divers investissements, y compris Black Sheep Income Corp. (C$1.27M), Omai Gold Mines (C$457K), et du capital de travail avec des investissements liquides (C$1.40M).
Le NAVPS de la société a diminué de 1.3% en décembre, surpassant à la fois l'ETF S&P/TSX Global Gold Index (en baisse de 6.5%) et l'Indice des Matériaux TSXV (en baisse de 3.4%). La surperformance a été principalement entraînée par la position d'Olive dans Omai Gold Mines. Au cours de décembre, aucune action ordinaire n'a été rachetée dans le cadre de l'offre normale de l'émetteur (NCIB), avec la société détenant 3,030,000 actions en attente d'annulation.
Olive Resource Capital (TSXV: OC) hat seinen ungeprüften Nettoinventarwert (NAV) von C$0.064 pro Aktie zum 31. Dezember 2024 bekannt gegeben. Der Aktienkurs des Unternehmens am Ende Dezember betrug C$0.025. Der gesamte NAV beläuft sich auf C$6,770,245, der aus verschiedenen Investitionen besteht, darunter Black Sheep Income Corp. (C$1.27M), Omai Gold Mines (C$457K) und Betriebskapital mit liquiden Investitionen (C$1.40M).
Der NAVPS des Unternehmens fiel im Dezember um 1.3%, was sowohl den S&P/TSX Global Gold Index ETF (minus 6.5%) als auch den TSXV Materials Index (minus 3.4%) übertraf. Die Überperformance wurde hauptsächlich durch Olives Position in Omai Gold Mines unterstützt. Im Dezember wurden keine Stammaktien im Rahmen des Normal Course Issuer Bid (NCIB) zurückgekauft, und das Unternehmen hält 3,030,000 Aktien in der Schatzkammer zur Stornierung.
- Outperformed major indices in December (S&P/TSX Global Gold Index ETF and TSXV Materials Index)
- Strong position in Omai Gold Mines contributing to outperformance
- Substantial working capital and liquid investments of C$1.40M
- NAV declined 1.3% in December
- Significant gap between NAV (C$0.064) and share price (C$0.025) indicates market undervaluation
- No share repurchases conducted under NCIB in December
Toronto, Ontario--(Newsfile Corp. - January 10, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an updated, unaudited Net Asset Value ("NAV") per share. Management has estimated the NAV of the Company at C
Table 1: Olive NAV Breakdown
| Name | Ticker | Value | Value per Share ($) |
| Black Sheep Income Corp. | Private | | 0.012 |
| Omai Gold Mines Corp.(1) | OMG.v | | 0.004 |
| Guided Therapeutics Inc. | Private | | 0.004 |
| Arizona Sonoran Copper Co. Inc. | ASCU | | 0.002 |
| Aurion Resources Ltd. | AU.v | | 0.002 |
| Working Capital(2) and Liquid Investments(3) | | 0.013 | |
| Other Public Equity Investments | | 0.017 | |
| Other Private Equity Investments | | 0.007 | |
| Other Merchant Banking Investments | | 0.001 | |
| Total | | 0.064 |
- Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer.
- Working Capital is calculated as cash, adjusted for management's estimate for known liabilities and is subject to change with future estimates or financial reports.
- Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security.
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "December was a continuation of the recent trend of U.S. dollar appreciation and commodity price weakness. More importantly, major resource equities continue to underperform their commodity references for the fourth month in a row. Looking ahead, the period between January and May is typically seasonally strong for the commodity complex. At Olive, we remain well deployed into both the larger and the junior resource space, and have continued to reallocate capital into fewer, higher conviction names."
Derek Macpherson, Executive Chairman stated: "Olive's NAVPS, declined modestly by
Normal Course Issuer Bid ("NCIB")
During the month of December, the Company did not repurchase common shares pursuant to its NCIB. As of the date of this release, the Company holds 3,030,000 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 109,174,709 common shares outstanding.
Use of Non-GAAP Financial Measures:
This press release contains references to NAV or "net asset value per share" which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in the Company's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company's performance, and may assist in the evaluation of the Company's business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company's future performance or the NAV of the Company as at any future date.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com or by phone at (202)677-8513. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and those risks set out in the Company's public documents filed on SEDAR. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236691
FAQ
What is Olive Resource Capital's (TSXV: OC) NAV per share as of December 31, 2024?
How did Olive Resource Capital's NAV perform compared to major indices in December 2024?
What is the largest investment holding in Olive Resource Capital's portfolio as of December 2024?
How many shares does Olive Resource Capital hold in treasury pending cancellation?
What is the current market price of Olive Resource Capital compared to its NAV?
