Olive Resource Capital Announces September 30, 2024 NAV of C$0.065 per Share
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) ha annunciato il suo Valore Netto delle Attività (NAV) non verificato per azione di C$0.065 a partire dal 30 settembre 2024. Il prezzo delle azioni della società alla fine di settembre era di C$0.025. La suddivisione del NAV include investimenti in varie aziende e settori, con i maggiori contributi provenienti da Black Sheep Income Corp. (C$0.012 per azione) e capitale di lavoro e investimenti liquidi (C$0.016 per azione).
Il presidente e CEO della società, Samuel Pelaez, ha osservato che i prezzi dell'oro hanno raggiunto massimi storici, i prezzi del rame sono aumentati, mentre i prezzi del petrolio sono diminuiti. Ha espresso cautela per il quarto trimestre del 2024 a causa del possibile rimbalzo del dollaro USA. Il presidente esecutivo Derek Macpherson ha evidenziato un aumento del 1,9% nel NAVPS e ha menzionato la strategia della società di aumentare l'esposizione a compagnie aurifere e produttori di platino/palladio.
Olive Resource Capital non ha riacquistato azioni ordinarie nell'ambito del suo Piano di riacquisto di titoli in corso (NCIB) a settembre. La società attualmente ha 109.174.709 azioni ordinarie in circolazione.
Olive Resource Capital Inc. (TSXV: OC) ha anunciado su Valor Neto de Activos (NAV) no auditado por acción de C$0.065 a partir del 30 de septiembre de 2024. El precio de las acciones de la empresa al final de septiembre era de C$0.025. La descomposición del NAV incluye inversiones en diversas empresas y sectores, con las mayores contribuciones provenientes de Black Sheep Income Corp. (C$0.012 por acción) y capital de trabajo e inversiones líquidas (C$0.016 por acción).
El presidente y CEO de la empresa, Samuel Pelaez, señaló que los precios del oro alcanzaron máximos históricos, los precios del cobre aumentaron, mientras que los precios del petróleo disminuyeron. Expresó cautela para el cuarto trimestre de 2024 debido a un posible repunte del dólar estadounidense. El presidente ejecutivo Derek Macpherson destacó un aumento del 1.9% en NAVPS y mencionó la estrategia de la empresa de aumentar la exposición a empresas mineras de oro y productores de platino/paladio.
Olive Resource Capital no recompró acciones ordinarias bajo su Oferta Normal de Compra de Acciones (NCIB) en septiembre. La empresa tiene actualmente 109.174.709 acciones ordinarias en circulación.
올리브 리소스 캐피탈 주식회사 (TSXV: OC)는 2024년 9월 30일 기준 주당 C$0.065의 감사되지 않은 순자산가치(NAV)를 발표했습니다. 9월 말 회사의 주가는 C$0.025였습니다. NAV의 세부 내역은 여러 기업 및 부문에 대한 투자를 포함하며, 가장 큰 기여는 블랙 쉽 인컴 코퍼레이션 (주당 C$0.012)과 운영 자본 및 유동 투자 (주당 C$0.016)에서 나왔습니다.
회사의 사장 겸 CEO인 사무엘 펠라에즈는 금 가격이 사상 최고치를 기록하고, 구리 가격이 상승했으며, 석유 가격이 하락했다고 언급했습니다. 그는 2024년 4분기에 달러의 반등 가능성으로 인해 주의가 필요하다고 표현했습니다. 임시 의장인 데릭 맥퍼슨은 NAVPS가 1.9% 증가했다고 강조하며, 회사의 금 회사와 플래티넘/팔라듐 생산자에 대한 노출을 늘리는 전략을 언급했습니다.
올리브 리소스 캐피탈은 9월에 정상적인 주식 매입 공시(NCIB) 하에 어떤 보통주도 재매입하지 않았습니다. 현재 회사는 109,174,709개의 보통주를 발행하고 있습니다.
Olive Resource Capital Inc. (TSXV: OC) a annoncé sa valeur nette d'actifs (NAV) non vérifiée par action de C$0.065 au 30 septembre 2024. Le prix de l'action de l'entreprise à la fin septembre était de C$0.025. La répartition de la NAV comprend des investissements dans diverses entreprises et secteurs, avec les plus grandes contributions provenant de Black Sheep Income Corp. (C$0.012 par action) et du capital de travail et des investissements liquides (C$0.016 par action).
Le président et CEO de l'entreprise, Samuel Pelaez, a noté que les prix de l'or ont atteint des sommets historiques, que les prix du cuivre ont augmenté, tandis que les prix du pétrole ont chuté. Il a exprimé des réserves pour le T4 2024 en raison d'un potentiel rebond du dollar américain. Le président exécutif Derek Macpherson a souligné une augmentation de 1,9 % du NAVPS et a mentionné la stratégie de l'entreprise d'accroître son exposition aux entreprises aurifères et aux producteurs de platine/palladium.
Olive Resource Capital n'a pas racheté d'actions ordinaires dans le cadre de son Offre normale de rachat d'actions (NCIB) en septembre. L'entreprise a actuellement 109.174.709 actions ordinaires en circulation.
Olive Resource Capital Inc. (TSXV: OC) hat den unüberprüften Nettovermögenswert (NAV) pro Aktie von C$0.065 zum 30. September 2024 bekannt gegeben. Der Aktienkurs des Unternehmens am Ende des Septembers betrug C$0.025. Die NAV-Aufschlüsselung beinhaltet Investitionen in verschiedene Unternehmen und Sektoren, wobei die größten Beiträge von Black Sheep Income Corp. (C$0.012 pro Aktie) sowie Betriebs- und Liquiditätseinlagen (C$0.016 pro Aktie) stammen.
Der Präsident und CEO des Unternehmens, Samuel Pelaez, bemerkte, dass die Goldpreise Höchststände erreicht haben, die Kupferpreise gestiegen sind, während die Ölpreise gefallen sind. Er äußerte Vorsicht für das 4. Quartal 2024 aufgrund eines möglichen Rückschlags des US-Dollars. Der Executive Chairman Derek Macpherson hob einen Anstieg des NAVPS um 1,9% hervor und erwähnte die Strategie des Unternehmens, die Exponierung gegenüber Goldunternehmen und Platin-/Palladiumproduzenten zu erhöhen.
Olive Resource Capital hat im September keine Stammaktien im Rahmen seines Normalen Aktienrückkaufprogramms (NCIB) zurückgekauft. Das Unternehmen hat derzeit 109.174.709 Stammaktien ausstehend.
- NAV per share increased by 1.9% to C$0.065 in September
- Increased exposure to development and exploration gold companies
- Increased exposure to platinum and palladium producers and developers
- Strong performance from Omai Gold Mines and Mawson Gold
- Company's share price (C$0.025) is significantly lower than its NAV (C$0.065)
- Cautious outlook for Q4 2024 due to potential US dollar rebound
- No share repurchases under NCIB in September
Toronto, Ontario--(Newsfile Corp. - October 8, 2024) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an updated, unaudited Net Asset Value ("NAV") per share. Management has estimated the NAV of the Company at C
Table 1: Olive NAV Breakdown
| Name | Ticker | Value | Value per Share ($) |
| Black Sheep Income Corp. | Private | | 0.012 |
| Guided Therapeutics Inc. | Private | | 0.004 |
| Omai Gold Mines Corp.(1) | OMG.v | | 0.003 |
| Silver47 Exploration Corp. | Private | | 0.002 |
| Valore Metals Corp. | VO.v | | 0.002 |
| Working Capital(2) and Liquid Investments(3) | | 0.016 | |
| Other Public Equity Investments | | 0.018 | |
| Other Private Equity Investments | | 0.007 | |
| Other Merchant Banking Investments | | 0.001 | |
| Total | | 0.065 |
- 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: "Gold prices rallied to fresh all-time highs, copper prices rose strongly, while oil prices dropped this month. Major resource equities underperformed their respective commodities for the second month in a row. The US dollar index dropped for a third consecutive month, but has since held at a strong resistance level, suggesting a short term rebound in the US dollar is possible. This rebound could lead to a pause or correction in risk assets and resource equities during Q4 2024. Olive is well deployed into both the larger and the junior resource space, however, we remain cautious through November which typically marks a weak season for risk appetite and commodity returns."
Derek Macpherson, Executive Chairman stated: "Olive's NAVPS, was up a modest
Normal Course Issuer Bid ("NCIB")
During the month of September, 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/225970
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