Medavinci was previously an investor in a group of portfolio companies focussed on innovative technologies, products and services within the Health and Wellness markets. However, as highlighted in the circular to shareholders dated 9 August 2010, the Company has recently re-focussed its investment strategy to one focused on companies involved in mineral exploration and production in Europe.
The company has re-focused the investment strategy of the company to one focused on companies involved in mineral exploration and production in Europe. As part of this re-focus the company successfully raised 842,042 in August 2010 and made an investment in Orogen Gold Limited in return for a 49% shareholding.

Orogen Gold Limited (Orogen Gold)
In August 2010, the Company invested 370,000 in Orogen Gold Limited for a 49% interest in the enlarged issued share capital. Orogen Gold is an Irish company incorporated in April 2010 for the purpose of holding investments in companies involved in mineral exploration and related activities. Its initial focus will be on the Deli Jovan Gold Project, a 69 sq km permit area in eastern Serbia covering two shallow underground gold mines that were last in production pre World War II. Under an Earn-in Agreement with TSX (Toronto Stock Exchange) listed Reservoir Capital Corporation, Orogen Gold has the right to an initial 55% interest in the Deli Jovan Gold Project, if it spends a minimum of approximately US$1.5 million on exploration by June 2012, and a further interest of 20% will be obtained upon an additional spend of approximately US$2 million by December 2013, giving Orogen Gold an aggregate interest in 75% of the Deli Jovan Gold Project.

On the 3 Dec 2010 MedaVinci raised 1.5m for Serbian mines
http://www.moneyam.com/action/news/showArticle?id=4025163&epic=RNS_4024691

The directors are holding about 23% of MVC, There will soon be a name change and a new Web Site
Medavinci plc. Web Site
http://www.medavinciplc.com/company-reports/medavinci-plc-gold-strategy-october-2010
Update on Deli Jovan Gold Project 9 Dec 2010
http://moneyam.uk-wire.com/cgi-bin/articles/201012090700086350X.html
Medavinci_plc_Gold_Strategy_October_2010
http://www.medavinciplc.com/files/medavinciplc.com/Medavinci_plc_Gold_Strategy_October_2010.pdf
Reservoir The Company MVC Acquired the project Reservoir Retains 25%
http://www.reservoircapitalcorp.com/s/DeliJovan.asp
The Hidden $884 Million Goldmine of King Alexander I By Byron King | December 8, 2010 |
http://energyandscarcityinvestor.agorafinancial.com/2010/12/08/the-hidden-884-million-goldming-of-king-alexander-i/



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A lot of buying today on the back of the Update on Deli Jovan Gold Project, the Company are moving faster than I thought they would.

Shares in Medavinci, the medical technology investor turned mineral explorer, rose by 2.2% ahead of an update by the group today on its Serbian gold project. The company is also expected to announce a new chairman and chief executive, as well as plans to call early the option it has to buy the remaining 49% of Orogen Gold Ltd, the exploration company, that it doesn't already own.

Medavinci will also announce today that it's name is changing to Orogen Gold Plc. Shares in Medavinci rose 0.01p to close at 0.45p.

http://www.thisismoney.co.uk/markets/article.html?in_article_id=519599&in_page_id=3

Lot of volume today up 9%

Looking good up another 9.5% today.

are you a bit lonely on here driver? Good luck- I'm in these as well--nursing lots of losses from our other dogs but still standing! I bought following the thread on the other side you learn a lot more as there is never much interest on small cos on mam boards. Kennyruss seems to pick some good ones so my interest always rises if I see his name. I'm doing well with cnr and edl at the moment have you noticed those?

mp
Welcome aboard, yes I missed out on cnr I did have them a few years back but got bored edl looks interesting. Stick with this it could be the next RRR.

thanks I took my profits on RRR though I think next year they will do very well. I hold AGQ great prospects in my isa and if you think Tom Winnifreth of tips.com fame is worth backing DXR is his new silver fund yet to start investing Jan 7th EGM then ***up and AHG is gold also managed by TW. He and his friend Evil K make more than can in 10 years so I'm tagging along for the ride on both!

Looks like the overhang has cleared, and MVC is coming on to pis radar up 15%

News to come (Name Change) (New Web Site) and results in Feb.

From 9 Dec
In order to test the potential of the extensive Deli Jovan gold trend detailed soil geochemical sampling is planned to commence this month and 2,500 samples will be collected over a six-week period in the area between the Rusman and Gindusa mines, subject to weather conditions. Results are expected by February 2011.

Results Out looking Good For 2011

Highlights post the period end

New exploration licence re-issued by the Serbian Ministry of Mining and Energy to Deli Jovan Exploration d.o.o. in which MedaVinci plc is earning an interest through its holding in Orogen Gold Limited.

The appointment of XCAP Securities as joint brokers alongside Zeus Capital Limited

The successful fund raising of 1.5m through the issue of 375m new ordinary shares

Exploration programme now initiated and plans being submitted to the Serbian Mining Ministry for the re-opening of the two former mines at Deli Jovan to facilitate detailed underground structural mapping and close-spaced channel sampling

I believe that the company is now positioned for an exciting future and together with having a healthy balance sheet, cash resources and the experience of the Proposed Directors, this all gives me great confidence for the year ahead. I would like to take this opportunity to thank the rest of my Board for the backing and support they have given me in turning MedaVinci into a company which I hope can provide substantial returns to shareholders in the near future.

Adam Reynolds (Chairman)

market didn't take kindly to these results. bought in too early i fear. in at 0.78p. should hopefully tick up next year

robert

This will Surprise next year its not on the Radar yet Welcome aboard.

Added today momentum is building good volume and the break out past the 1p looking good. MVC still has the name change to come and the new Web Site.

Nice bit of buying today after a small retrace the last couple of days.

Nice finish up 10% + say goodbye to the 1p

Good luck this week--I still hold as much more to come. imo.

mp
Yes I agree more to come but not too fast I hope a steady rise up to Sampling results would be nice.

Nice finish again 7.87% up and its only Monday.

This is holding up nicely above the 1p ready for the next leg up.

Now In The Header a must read for Orogen Gold prospectors

The Hidden $884 Million Goldmine of King Alexander I

The Future Is Now

Reservoir management just broke the news that it has entered into a letter of agreement (LOA) with a group of Irish miners, Dublin-based Orogen Gold Ltd. This pertains to the Deli Jovan gold mining district.

Heres the deal. Over the next 42 months, Orogen will invest $3.5 million in exploration and development work on Reservoirs mining concession at Deli Jovan, the site of the old gold mine dug by Georg Weifert in the early 1900s. Its excellent news and $3.5 million will go a LONG way in Serbia. Its like investing $20 million in, say, Canada or Alaska.

Usually, with speculative resource development, youre dealing with a patch of barren goat pasture out on the other side of nowhere. Sure, the typical stock promotion is that there are signs of mineralization on some obscure mountainside. Maybe theres some drilling, illustrated by a few vague maps and such. But with a lot of prospecting and development plays, youre starting from scratch, in terms of building access roads and digging the basic hole down to the pay dirt. And scratch is expensive.

But at Deli Jovan, theres already a road system, a power line system and a work force nearby. Plus, theres already a mine blasted nearly two miles into solid gabbro some of the hardest rock in the earths crust. The old Serbian mining magnate, Georg Weifert, did much of the hard work for us, early in the last century. So now its an issue of re-entering the old workings, making safety improvements and getting promptly down into the ore zone.

Verrry speculative this one driver! You were right to pick up on it though; there certainly is potential here and if nothing else, this is going to be a great share to trade,which I have done successfully........so far! Good luck, it's going to be an interesting year or two/three!

kim
Looks like a multi bagger to me, Im sticking with it till the end when ever that is LOL.

Hopefully not a bitter end?!! :o)

Any idea how much has been extracted in the past Driver, was it a life changer or breaker??

Balerboy

The Past

Mining and Exploration History:

There is evidence of mining in the Roman times. The Weifert family initiated exploitation of the gold-bearing quartz veins from several locations within the Permit in the 20th century, prior to World War II. The principal areas of historical production within the Permit were Rusman and Gindua, where exploitation of the auriferous quartz veins was by open pit and underground mining (3 levels -- the depth was limited by the water table), Selite, Perina Čuka as well as from the placer deposits in the drainage from the area. The grades are reported to have been 10 -- 150 g/t gold from quartz veins up to 2.5 m wide. There are no reliable production figures from the period of exploitation -- earlier estimates suggest 20 tonne gold (approximately 625,000 ounces gold) was produced from the district.


The future

Deli-Jovan: Orogen Plan
Fast track approach to resource delineation and
production
Demonstrate initial 100,000 oz inferred resource at
the Rusman and Gindua Mines underpin 2-3 year
LoM
Take project to production within 3 years
Confirm substantial further resource potential at
additional targets along mineralised belt

Going up steady on very small volume, whats it going to be like when the herd arrives. The board of directors own half the shares in MVC so any bit of buying pushes the price up.

Yesterdays News Posted on LSE From Reservoir Capital Corp

Jan 17, 2011 16:53 ET

Reservoir Capital Corp.: Progress Report on the Deli Jovan Gold Project in Serbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report results of a high-level review prepared on behalf of the joint venture company Deli Jovan Exploration D.o.o. ("DE") by SRK Consulting (UK). The review focussed on the planned re-opening of the historic gold mines at Rusman and Gindusa, including health and safety aspects, mine development options, ore processing routes and preliminary economic considerations. SRK has reported positively on the project as follows: "SRK considers it likely that a small scale mining operation can be established and sustained at Deli Jovan using handheld pneumatic drilling equipment. The current constraints on operations are the unknown processing recovery and the limited information on the continuation of the ore zone outside the known working areas. The target of 30,000 ounces per annum as set by DE Management could be achieved, on the condition that the historically reported widths and grades can be substantiated by the DE exploration programme."

DE plans to re-open access to the underground workings of the two historic gold mines at Deli Jovan which extend to a known depth of 100m. If the staged exploration programme is successful, the objective is to commence a mining operation that could produce around 30-40,000 ounces of gold per year at full production.

A plan for the re-opening of access to the historic mines was prepared and submitted to the Serbian Ministry of Mining and Energy at the end of December 2010. Once the required approvals have been received, DE proposes to appoint a local contractor to commence the rehabilitation of the old mine workings, which will facilitate detailed mapping and sampling of the workings. The planned DE underground and surface exploration program is aimed at demonstrating the continuity and grade of the Deli Jovan ore zone and obtaining samples for ore processing recovery test work, which will feed into planning for the re-development of this historic gold mining district.

Work on the project by DE is funded by Orogen Gold Ltd. ("Orogen"), which can earn up to a 75% interest in the Company's Deli Jovan Gold Project by completing $3.5 million in exploration expenditures within 42 months.

Quality Control:

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, is responsible for the preparation of the technical information in this release.

About Reservoir

Reservoir is a renewable energy company, engaged in development of a 58.4MW hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds four geothermal exploration license

Todays Excellent News From MVC

Medavinci PLC
Update on Deli Jovan Gold Pro
RNS Number : 6187Z
Medavinci PLC
18 January 2011

Update on Deli Jovan Gold Project

http://moneyam.uk-wire.com/cgi-bin/articles/201101180700086187Z.html

driver - just a quick note to say good find - i completely missed this one till now! now on my radar - cheers and have a good evening

A little bit of profit taking today makes this a good time to buy compared to other miners the M/Cap should be at least 5 or 6 times its current value. The 30000oz may only be the start so it could be a lot more.

I'm very happy to hold here after taking a small profit on some to add to my kefi.

o/t driver have you looked at VMP? It's a gamble on the board experience now fully funded and states a couple of instis already invested---deals are imminent. Lots of excitement on the other side but serantels posts are worth reading---ground floor and the only way is up! but I haven't put the house on it just got a hunch. no thread on here for it.

There is a thread started by gibby, perhaps you could expand on vmp.

mp

Ive had VMP on my watch list since .6 looking at the chart over the last couple of weeks is a bit heart stopping. ATUK is also having a good run.

The price is holding now after the recent spike and dip should stay in this range till the next bit of news, or slowly rise I hope.

Nice bit of steady buying today 6% up.

RNS From 9 Dec so sample results soon in early Feb

In order to test the potential of the extensive Deli Jovan gold trend detailed soil geochemical sampling is planned to commence this month and 2,500 samples will be collected over a six-week period in the area between the Rusman and Gindusa mines, subject to weather conditions. Results are expected by February 2011.

Recovering a bit today, results of the samples are due any day now see above post.

Great Rns name change, board change. The sp is a bit strange it should have shot up on the news, a good time to get on board at this prise. Can someone please post the rns as im away and can only post from my phone.

always the aim shares seem to lag the news which gives time to pick up a few more!
driver have you looked at cdc? it could be a gem.

Mp
Will have a look cheers.

Results RNS in full here:-
http://moneyam.uk-wire.com/cgi-bin/articles/201102160700093035B.html

Chairman's statement:-

I highlighted in my interim statement my belief that we have now secured an exciting future for Medavinci plc by re-focussing the Company's investment strategy to that of a gold mineral exploration and production business.

The Deli Jovan gold project in Serbia is progressing well and we are encouraged by the recent report from SRK Consulting (UK) Limited who stated:

"SRK considers likely that a small scale mining operation can be established and sustained at Deli Jovan using handheld pneumatic drilling equipment. The current constraints on operations are the unknown processing recovery and the limited information on the continuation of the ore zone outside the known working areas. The target of 30,000 ounces per annum as set by Deli Jovan Exploration d.o.o could be achieved, on the condition that the historically reported widths and grades can be substantiated by the DE exploration programme."

The Board has today announced that the Company has exercised its option to acquire the remaining 51% interest in Orogen Gold Limited ("Orogen Gold") that it does not currently own, subject to shareholder approval at a General Meeting to be held on 4 March 2011. Orogen Gold will become the Company's main trading subsidiary and the Company will move from being an investing company to a holding company whose main activities (via its subsidiaries) consist of exploring, appraising, and developing gold deposits in Europe. Furthermore the Company has now changed its accounting reference date to 31 December, to coincide with that of Orogen Gold and the operational business. The Company has made a separate announcement relating to the exercise of the option in relation to Orogen Gold and an admission document, prepared pursuant to the AIM Rules, will be published and sent to shareholders shortly.

Upon completion of the acquisition, John Barry, Edward Slowey and Alan Mooney, directors of Orogen Gold, will join the Board as non-executive Chairman, Chief Executive Officer and Finance Director respectively and the name of the Company will be changed to Orogen Gold Plc. Adam Reynolds is to remain on the Board as a non-executive Director and Paul Foulger, Glyn Hirsch and Michael Hough are to stand down from the Board.

Deli Jovan represents our first gold exploration project and in line with our new strategy we are reviewing a number of other mineral exploration opportunities in Europe and Asia that are at varying stages of advancement. Shareholders will be kept fully informed of any new developments.

We have a strong team within the Company and a tremendous project in Deli Jovan. This together with our commitment to introduce new mineral exploration and development projects to the company will ensure an exciting development of our business and presents substantial scope to add value as our work proceeds.

I am looking forward to the coming year with confidence.

Adam Reynolds
Chairman
16 February 2011

kim
cheers kim im still posting from me phone.

I hope that means you are outside in the sun driver?! :o)

kim
Afraid not ive got Man Flu, im away from my pc visting my daugher in Harrogate she's not very happy me visting with man flu, so i have to make me own tea. Daughters who'd have em.

Aah, you have my sympathy. Seems you won't get that in Harrogate though! I hope your daughter has a sufficient supply of scotch in the house; it's the only cure for Man Flu I find!

Kim
Just ask yes she,s got some will try later with some lem sip. The wifes back in london couldn't wait to get rid of me.

Women can be sooooo mean!! ;o)

Except my wife and daughters of course (just in case they looks at this)!

The new M/Cap will be about 15+m when the new shares are issued MVC looks cheap at this leval at this stage, happy to hold here and will be adding.

No worries here, added a few late Fri to round of my holding a bargain at this price.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS 2011

Admission document publication date

16 February

Latest time and date for receipt of Forms of Proxy

11.00 a.m. on 2 March

Time and date of General Meeting

11.00 a.m. on 4 March

Completion of the Acquisition, Admission and commencement of dealings in the Enlarged Share Capital

8.00 a.m. on 7 March

Change of Name to become effective

7 March

www.medavinciplc.com (website to be updated from date of admission to reflect change of name and change of business)

Expected market capital on admission: 15.86 milliion

Nice bounce of the .8, lots of news to come in the next couple of weeks. The chart is looking much healthier now.

OROGEN GOLD FINDS NEW LIFE IN OLD MINES

Monday February 28,2011

http://www.express.co.uk/posts/view/231694/Orogen-Gold-finds-new-life-in-old-minesOrogen-Gold-finds-new-life-in-old-mines#ixzz1FESGIt7X

All systems go for next week.

MedaVinci shareholders approve Orogen reverse takeover

Shareholders in MedaVinci plc today (Mar 4) approved the company's acquisition of the remaining 51% of Orogen Gold Limited and a change of name to Orogen Gold Plc.

The name change and readmission to AIM following the reverse takeover are expected to become effective at 8am on Monday.

Conditional on admission, John Barry, Ed Slowey and Alan Mooney will be appointed as chairman, CEO and FD respectively.

Paul Foulger, Michael Hough and Glyn Hirsch will step down from the board but Foulger will continue as company secretary.

The company said its planned re-opening of access to the historic gold mines at Rusman and Gindusa at the Deli Jovan Gold Project had now been approved by the Serbian Ministry of Mining and Energy.

JV company Deli Jovan Exploration will appoint a local contractor to begin rehabilitation of the old mine workings, which will facilitate detailed mapping and sampling of the workings.

Shares rose 0.04p to 0.99p.

Full RNS

http://moneyam.uk-wire.com/cgi-bin/articles/201103041120303572C.html

Post from the other side who attended the meeting courtesy of apavlovic

All,

I have attended the meeting this morning and was unfortunately the only private share holder to do so. There were several people form MVC, NOMAD, brokers etc.

As you know all resolutions proposed by the company were passed without any objections.

In addition to the info you already know I have picked up the following:

Obviously top priority for the company is Gindusa and Ruslan mines.
They have received forrestry permit this morning. They have a very good network in Serbia and I have spoken to John Barry from Orogen regarding their future plans.

As you know they are targeting 100k oz and undertaking detailed structural mapping,

He said it would not be cost effective at this stage to go beyond the 100k planned. Target is 10g per tonne and current prices break even is around 3 4g per tonne.

Grades are excellent and made the point that this mining operation is about quality V.s quantity. It is about mining selectively, narrow corridors under ground. There is of course potential for wider widths and this will be looked into later. Key now is to mine @500T/day.

I have a very good feeling about this project because I know form the local contacts who cannot see this not going commercial. John Barry said that this project is ideally suited for a smaller company like them and would never be cost effective for a large company. Therefore keep in prospective some of the press reports about a world class mine etc. need to keep this into context. It is not going to be BOR which is next door, different ball game.

I think what they have going here is the local expertise. Some of the names of the geologists like Alex Obrenovic and couple of others who have local expertise. Alexs father used to work in the ministry so obviously well networked. For that matter so am I and can confirm that I do not see any corruption or delays which is something typically to be expected in Eastern Europe not to mention some other countries. Western companies in particular are very welcome in Serbia and the board have absolutely confirmed that. They were able to meet with the minister of mining at short notice and in some countries that would take ages. Been very welcomed!

Do not underestimate local expertise in Serbia and their geologists. A lot of work was done my Serbians abroad in particular countries like Mozambique (see BAO) board. Therefore the costs structure using locals will be in our favour. I should also mention and they agreed that that this mine was ignored previously ignored for political reasons. Gold was associated with Capitalism!!!

Where do we go from here? Mine has not been accessed due to adverse weather conditions being winter time. They have received approvals to do so now and are planning a trip there over the next couple of weeks when snow melt will start. They are flying in a Spanish named geologist to assess the Health ands Safety aspect before any work can be undertaken eg sampling. As you all know the mine was abounded due to water problems and we do not understand the extent of that issue now. Perhaps someone with more knowledge can comment on this and to me this is my only worry at present (unknown).

John is a very knowledgeable guy and very approachable and pleasant person. I will drop him an e mail and keep in touch and offered to help them. We had a little banter when I told him about my background so hopefully we can build a little rapport. I am gong there hopefully for Easter holidays and will of course go there to visit and take a few photos liasie with guys and see what else I can find out.

Must not forget about future plans. They confirmed they are in talks and looking at new projects. He hinted in advance talks on some but do not expect RNS in the near future. They are looking at new projects in mining further east. Hopefully not Uzbekistan.

There is clearly lots of opportunity for them. I am very comfortable with John but be frank not sure about the others and their knowledge. Got an impression they are new to this all.

Not sure what everyone expects on Monday but apart fro a change of ticker and a new web site. That is all from me and if any questions please ask. I felt a bit funny being the only one to ask anything so did not want to hijack the meeting and left after being there for 35 mins.

Hopefully wil get sme press exposure in Serbia because so far there has been none and for a very valid reason. Why advertise medavinci.

For the record I post as Sasa on iii but mainly on MSB board although we do not have at thread (yet)

NEW THREAD FROM MONDAY.











.

The New Web Site is up and running.


http://www.orogengold.com/


NEW THREAD

http://www.moneyam.com/InvestorsRoom/posts.php?tid=15721#lastread