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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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.