Buy Or Sell Opportunity • 6h
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CA$0.12. The fair value is estimated to be CA$0.093, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 123% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 22
Olive Resource Capital Inc. announced that it expects to receive CAD 3.3 million in funding Olive Resource Capital Inc. announced a non brokered private placement to issue 30,000,000 common shares at a price of CAD 0.11 per Common Share for gross proceeds of CAD 3,300,000 on July 22, 2026. The Offering is scheduled to close on or about August 7, 2026 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange ("TSXV"). The Corporation may pay finder's fees to eligible finders in connection with the Offering in accordance with the policies of the TSXV and applicable securities laws. All securities to be issued and issuable pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. It is expected that certain directors and officers of the Corporation (the "Insiders") may participate in the Offering. Buy Or Sell Opportunity • May 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to CA$0.12. The fair value is estimated to be CA$0.093, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 123% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (90% accrual ratio). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (CA$7.21m market cap, or US$5.23m). Minor Risk Revenue is less than US$5m (CA$1.6m revenue, or US$1.1m). Announcement • Jul 31
Olive Resource Capital Inc., Annual General Meeting, Sep 19, 2025 Olive Resource Capital Inc., Annual General Meeting, Sep 19, 2025. Announcement • Sep 26
Olive Resource Capital Inc. Announces Board Changes Olive Resource Capital Inc. at its Annual and Special Meeting of Shareholders held on September 25, 2024 announced that Jacob Willoughby was elected as a new director replacing David Regan who did not stand for re-election. Mr. Jacob Willoughby, holds degrees in Geology and an MBA from the University of Windsor, Ontario. Jacob has 20 years of experience in mining capital markets having been a published mining analyst at three different Toronto based broker dealers as well as over five years of experience as a consultant to mining companies. Additionally, he has senior corporate management experience at junior mining companies and has previously been a corporate director as well. Most recently, Mr. Willoughby occupied the role of Vice President of Corporate Development and Strategy at Battery Mineral Resources Corp. based in Toronto. Announcement • Jul 17
Olive Resource Capital Inc., Annual General Meeting, Sep 25, 2024 Olive Resource Capital Inc., Annual General Meeting, Sep 25, 2024. Reported Earnings • Nov 28
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.013 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (improved from CA$0.013 loss in 3Q 2022). Net income: CA$17.7k (up CA$1.21m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.043 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.001 (up from CA$0.043 loss in 2Q 2022). Net income: CA$146.6k (up CA$3.17m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Announcement • Jun 13
Olive Resource Capital Inc., Annual General Meeting, Jul 12, 2023 Olive Resource Capital Inc., Annual General Meeting, Jul 12, 2023, at 11:00 US Eastern Standard Time. Location: 130 King Street West, Suite 3680, Toronto Ontario Canada Agenda: To receive and consider the financial statements of the Corporation for the financial year ended December 31, 2022 and the report of the auditors thereon; to appoint McGovern Hurley LLP, Chartered Accountants as the auditors of the Corporation for the upcoming year and to authorize the directors to fix their remuneration; to elect the directors of the Corporation for the upcoming year; to consider and approve for the upcoming year, the Corporation's long-term performance incentive plan last approved by the Shareholders on October 7, 2022; and to transact such other business as may properly come before the Meeting or any adjournments or postponements thereof. Reported Earnings • May 07
Full year 2022 earnings released: CA$0.045 loss per share (vs CA$0.026 loss in FY 2021) Full year 2022 results: CA$0.045 loss per share (further deteriorated from CA$0.026 loss in FY 2021). Net loss: CA$3.75m (loss widened 108% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Board Change • Apr 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Regan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 25
Third quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.027 loss in 3Q 2021) Third quarter 2022 results: CA$0.013 loss per share (improved from CA$0.027 loss in 3Q 2021). Net loss: CA$1.19m (loss narrowed 37% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Regan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
Olive Resource Capital Inc. Announces Executive Changes Olive Resource Capital Inc. announced the results of its Annual and Special Meeting of Shareholders (the "Meeting"), held on October 7, 2022. At the Meeting, Evelyn Foo was elected as a new director replacing Darren Koningen who did not stand for re-election. Evelyn Foo, CPA, CA, has over 30 years of experience in the asset management industry specializing in operational execution, financial analysis, regulatory compliance, risk infrastructure development and analysis, securities valuation, investment product structure, and merger and acquisition strategy. Previously Evelyn was President, CFO, COO and CCO at Galileo Global Equity Advisors Inc. a boutique asset management firm. Prior to that, Evelyn held numerous senior positions at Canadian banks and independent investment fund families in Toronto. Evelyn holds a Bachelor of Commerce from University of Toronto and is a Certified Professional Accountant of Canada and Ontario. Board Change • Sep 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Independent Director Darren Koningen is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
Second quarter 2022 earnings released: CA$0.043 loss per share (vs CA$0.003 profit in 2Q 2021) Second quarter 2022 results: CA$0.043 loss per share (down from CA$0.003 profit in 2Q 2021). Net loss: CA$3.02m (down CA$3.22m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Aug 03
Olive Resource Capital Inc. (TSXV: OC) completed the acquisition of Portfolio of Assets of CannaIncome Fund Corporation for CAD 1.36 million. Olive Resource Capital Inc. (TSXV:OC) entered into an agreement to acquire Portfolio of Assets of CannaIncome Fund Corporation for CAD 1.3 million on May 18, 2022. The assets will be acquired in exchange for 25,831,231 common shares of Olive representing a deemed issue price of CAD 0.095 per common share, subject to adjustment. The common shares being issued to CiF are to be transferred to CiF's securityholders immediately following closing as part of the wind-up of CiF's business. The number of common shares to be issued remains subject to adjustment on a basis to be agreed 10 days prior to closing, if the relative value of the CiF portfolio has changed by more than 10%. The transaction remains subject to a number of conditions, including receipt of the approval of the CiF shareholders and of the TSX Venture Exchange and receipt of certain consents and approvals required to transfer some of the assets. Closing is expected to occur within approximately 60 days.
Olive Resource Capital Inc. (TSXV: OC) completed the acquisition of Portfolio of Assets of CannaIncome Fund Corporation for CAD 1.36 million on August 2, 2022. The transaction remains subject to final approval by the TSX Venture Exchange. Announcement • Jul 30
Olive Resource Capital Inc., Annual General Meeting, Oct 07, 2022 Olive Resource Capital Inc., Annual General Meeting, Oct 07, 2022. Announcement • May 20
Olive Resource Capital Inc. (TSXV:OC) entered into an agreement to acquire Portfolio of Assets of CannaIncome Fund Corporation for CAD 1.3 million. Olive Resource Capital Inc. (TSXV:OC) entered into an agreement to acquire Portfolio of Assets of CannaIncome Fund Corporation for CAD 1.3 million on May 18, 2022. The assets will be acquired in exchange for 25,831,231 common shares of Olive representing a deemed issue price of CAD 0.095 per common share, subject to adjustment. The common shares being issued to CiF are to be transferred to CiF's securityholders immediately following closing as part of the wind-up of CiF's business. The number of common shares to be issued remains subject to adjustment on a basis to be agreed 10 days prior to closing, if the relative value of the CiF portfolio has changed by more than 10%. The transaction remains subject to a number of conditions, including receipt of the approval of the CiF shareholders and of the TSX Venture Exchange and receipt of certain consents and approvals required to transfer some of the assets. Closing is expected to occur within approximately 60 days. Reported Earnings • May 06
Full year 2021 earnings released: CA$0.026 loss per share (vs CA$0.04 profit in FY 2020) Full year 2021 results: CA$0.026 loss per share (down from CA$0.04 profit in FY 2020). Net loss: CA$1.81m (down 165% from profit in FY 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Executive Chairman Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Executive Chairman Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Executive Chairman Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Executive Chairman Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Executive Chairman Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.055 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$1.05m (down 75% from 2Q 2020). Net income: CA$200.2k (down 95% from 2Q 2020). Profit margin: 19% (down from 91% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Executive Departure • Jun 17
MD & Director Robert Durham has left the company On the 14th of June, Robert Durham's tenure as MD & Director ended after 7.0 years in the role. As of March 2021, Robert still personally held only 863.53k shares (CA$52k worth at the time). Robert is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Jun 10
Insider recently sold CA$474k worth of stock On the 3rd of June, Robert G. Sobey sold around 4m shares on-market at roughly CA$0.12 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$166k more than they bought in the last 12 months. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.028 loss in 1Q 2020) First quarter 2021 results: Revenue: -CA$354.7k (down 80% from 1Q 2020). Net loss: CA$486.5k (loss narrowed 75% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS CA$0.04 (vs CA$0.078 loss in FY 2019) The company reported a soft full year result with weaker revenues and profit margins, although earnings were improved. Full year 2020 results: Revenue: CA$4.20m (down 187% from FY 2019). Net income: CA$2.79m (up CA$8.30m from FY 2019). Profit margin: 66% (down from 114% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 28
Norvista Capital Corporation(TSXV:NVV) dropped from S&P/TSX Venture Composite Index Norvista Capital Corporation(TSXV:NVV) dropped from S&P/TSX Venture Composite Index Is New 90 Day High Low • Jan 15
New 90-day high: CA$0.21 The company is up 62% from its price of CA$0.13 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Reported Earnings • Nov 29
Third quarter 2020 earnings released: EPS CA$0.028 The company reported a soft third quarter result with weaker revenues and profit margins, although earnings were improved. Third quarter 2020 results: Revenue: CA$2.14m (down 210% from 3Q 2019). Net income: CA$1.94m (up CA$4.57m from 3Q 2019). Profit margin: 91% (down from 135% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Recent Insider Transactions • Oct 24
Independent Chairman recently bought CA$260k worth of stock On the 21st of October, Stanley William Spavold bought around 2m shares on-market at roughly CA$0.13 per share. This was the largest purchase by an insider in the last 3 months. Stanley William has been a buyer over the last 12 months, purchasing a net total of CA$233k worth in shares. 
