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Olive Resource Capital Announces January 31, 2025 NAV of C$0.067 per Share
Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Olive Resource Capital Inc. (TSXV: OC) (...
About this update from Olive Resource Capital Inc.
[{"type":"text","content":"Olive Resource Capital Announces January 31, 2025 NAV of C$0.067 per ShareToronto, Ontario--(Newsfile Corp. - February 13, 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$0.067 per share for January 31, 2025 (Table 1). At the end of January, the Company's price per share was C$0.025.Table 1: Olive NAV BreakdownNameTickerValueValue per Share ($)Black Sheep Income Corp.Private $1,259,361 0.012 Omai Gold Mines Corp.(1)OMG.v $675,565 0.006 Guided Therapeutics Inc.Private $466,065 0.004 Arizona Sonoran Copper Co. Inc.ASCU $288,840 0.003 Troilus Gold Corp.TLG $242,325 0.002 Working Capital(2) and Liquid Investments(3) $1,570,407 0.015 Other Public Equity Investments $2,026,101 0.019 Other Private Equity Investments $498,378 0.005 Other Merchant Banking Investments $129,915 0.001 Total $7,156,958 0.067 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: \"Commodity prices rebounded strongly in January as the strong seasonal period commenced. As for the equities, the performance was muted and cautious across all commodity sectors, except for gold equities which outperformed the commodity. Gold rose to all-time highs as the fear of U.S. tariffs and impediments to trade sent traders looking for safe havens outside of the U.S. dollar. 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, was up 5.7% in January, reflective of very strong performance in a few gold names. Our most notable performer was Omai Gold Mines, our largest resource position, which was up 48% in January. Omai'...