RE:RE:RE:Larry, Break out or fake out ?? They were actually bringing Los Tojas online at that point which was meant to bridge production until the OSP was in production. THey dropped alot of $$$ on it. It went into production and they shu it down after a few months (couldnt make out how long except that it was similar to strike - utter silinece and then announced losses and shutdow) despite gold going from 1200 when production decision was made to 1700++++. Gold was at $2k when they were still paying out staff. No real explanation ever given.
EV is a remote mine, not a busy dance club - COVID should have had minimal impact. Most producers thrived during covid.
Taugus was rolled in early 2019 I believe - great timing for ORV as gold had not run yet and was struggling around 1200. Although a good deal for the controlling shareholder ie they took an NSR and they got ORV to fund moving it forward (& they own 1/2 of ORV). ORV came out with PEA on Taugus in 2019. The updated PEA changed nothing aside from a decline in economics despite surge in metal prices. So, theyre focussed on sulfides now which require BIG $$$$ and patience. ITs nothing new. Very limited progress. Embarrasing for a 4 year period imho
Is the OSP now financed??? I freakin hope so. Its been 5 years. And project rev potential has Doubled!!!!!!!!!!!!!!! How many ORV employees does it take to change a lightbulb????????????
Did they dilute shareholders??? Well, no offerings from treasury Ill grant you that. But they synthetically dilute with the crazy employee share plan in which they give out synthetic shares at cheap cheap prices (employees get them for free) that will get paid off based on share price in future. We have been diluted in value any way you look at it imho
checkmate28 wrote: I dont think you got it bro. They shut a mine down right after that quarter you highlighted as the mine life ended. Immediatly after, they had to deal with covid shutdowns and insane energy prices followed by employee layoff problems from the mine shut down.
From there, they worked on stabilizing what they had left, while developing Taguas into what it is now.
Larry Question for you. All that development of Taguas 2.6M oz resource and PEA came from where?
Is the OSP now financed?
Have they increased the resource and found stellar drill hits in Spain?
Did they recently find high grade Moly at Tagaus?
Larry The main questiojn to answer are ??
Did they dilute the shareholders through this time ?
Is there more value at Orvana now or in q319 without the above progress??
Shareholders going to vote with their bids soon either higher or lower?