Olive Resource Capital Announces November 30, 2024 NAV of C$0.065 per Share

About this update from Olive Resource Capital Inc.

[{"type":"text","content":"Olive Resource Capital Announces November 30, 2024 NAV of C$0.065 per ShareToronto, Ontario--(Newsfile Corp. - December 5, 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$0.065 per share for November 30, 2024 (Table 1). At the end of November, the Company's price per share was C$0.025.Table 1: Olive NAV BreakdownNameTickerValueValue per Share ($)Black Sheep Income Corp.Private $1,262,539 0.012 Guided Therapeutics Inc.Private $442,058 0.004 Omai Gold Mines Corp.(1)OMG.v $323,510 0.003 Arizona Sonoran Copper Co. Inc.ASCU $247,080 0.002 Aurion Resources Ltd.AU.v $218,550 0.002 Working Capital(2) and Liquid Investments(3) $1,525,182 0.014 Other Public Equity Investments $1,878,320 0.018 Other Private Equity Investments $826,210 0.008 Other Merchant Banking Investments $135,379 0.001 Total $6,858,827 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: \"The U.S. dollar continued its appreciation in November, marking a third consecutive monthly advance. Major commodity prices dropped, with copper leading to the downside as Chinese stimulus disappointed market expectations. Major resource equities dropped in sympathy with its commodity references, except for the oil and gas sector which rallied strongly following the results of the U.S. election. At Olive, we remain well deployed into both the larger and the junior resource space, and have begun deploying additional capital into select names that have been adversely affected by tax loss selling.\" Derek Macpherson, Executive Chairman stated: \"Olive's NAVPS, declined modestly by 4.3% in November with the overall sentiment in the resource space. However, it is notable that a combination of timely profit taking, and diversified commodity exposure allowed us to outperform both the S&P/TSX G...

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