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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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.