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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.
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Olive Resource Capital Inc. announces a normal course issuer bid program to repurchase up to 10,153,620 of its common shares, representing approximately 10% of the company's 'Public Float'. The bid will commence on January 18, 2024, and terminate on January 17, 2025. The company believes that the market price of its common shares may not fully reflect its underlying value, prompting the repurchase in the best interests of shareholders. Canaccord Genuity Corp. will act as the broker for the bid.
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Olive Resource Capital Inc. (TSXV: OC) provided an unaudited Net Asset Value (NAV) per share of C$0.064 for December 31, 2023. The company's price per share at the end of December was C$0.03. The NAV breakdown includes various investments and working capital, with a total NAV of $7,022,228. Company executives expressed optimism for the future based on market trends and strategic milestones achieved in 2023.
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Olive Resource Capital Inc. (TSXV: OC) reports an unaudited Net Asset Value (NAV) of C$0.064 per share for November 30, 2023, with a price per share at the end of November of C$0.03. The breakdown of the NAV includes investments in Black Sheep Income Corp., Nevada Zinc Corp., Guided Therapeutics Inc., working capital, and other investments. The company's management provides insights into the global monetary system and the state of mining equities, expressing optimism despite apparent lack of interest in the market.
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Olive Resource Capital Inc. (TSXV: OC) reports unaudited Net Asset Value (NAV) per share at C$0.065 for October 31, 2023. The company's price per share at the end of October was C$0.03. The NAV breakdown includes investments in Black Sheep Income Corp., Nevada Zinc Corp., Guided Therapeutics Inc., working capital, liquid investments, and other investments. Management's cautious approach to redeploying capital is influenced by geopolitical events in the Middle East and market conditions.
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Olive Resource Capital Inc. provides an updated Net Asset Value per share of C$0.066 for September 30, 2023. The company's price per share at the end of September was C$0.035.
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Olive Resource Capital Inc. reports unaudited NAV per share of C$0.068 for August 31, 2023. Despite challenging markets, NAV remains up year-to-date. Company repurchased 700,000 shares in August and a total of 2,000,000 shares in 2023.
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Olive Resource Capital Inc. provides an updated unaudited Net Asset Value (NAV) per share of C$0.066 for June 30, 2023. The increase in NAV is driven by the performance of Rockcliff Metals Corp. and its agreement with HudBay Minerals. The company's ongoing normal course issuer bid repurchased 800,000 shares in June.
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FAQ
What is the market cap of OLIVE RESOURCE CAP (XTERF)?
The market cap of OLIVE RESOURCE CAP (XTERF) is approximately 2.4M.
What is the core business of Olive Resource Capital Inc.?
Olive is a resource-focused merchant bank and investment company with investments in natural resource companies in various stages of development.
What is the significance of the agreement between Rockcliff Metals Corporation and Hudbay Minerals Inc.?
The agreement allows Hudbay to acquire 100% of the issued and outstanding common shares of Rockcliff, presenting an attractive premium to Rockcliff's recent trading price.
What is the Net Asset Value per share of Olive Resource Capital Inc. for December 31, 2023?
The unaudited Net Asset Value per share of Olive for December 31, 2023, is estimated at C$0.064.
What is the focus of Olive Resource Capital Inc. in terms of strategic objectives?
The company aims to expand its asset base and capitalize on the potential in junior mining equities.
How is Olive Resource Capital Inc. involved in share repurchases?
Olive is actively engaged in share repurchases through the Normal Course Issuer Bid (NCIB) to enhance shareholder value.
OLIVE RESOURCE CAP INC
OTC:XTERF
XTERF Rankings
XTERF Stock Data
2.39M
95.19M
9.02%
3.66%
Other Industrial Metals & Mining
Basic Materials
United States of America
Toronto