jicoop wrote: Nergy wrote: Agree, nice to see Gandolph back. Someone who's looking forward, instead of very bitter People just driving with the rearview mirror. I also like the P/B value here lots of $ invested that could be bought at 80% discount. I remeber when I bought La Mancha at less than 10% of book value, my first 100 bagger. Unfortunately I sold 95% of my holding way to early. Lessons learned: learn from the rear view mirror but don't drive with it as your single Compass.
nergy and other pumpers, agree with first sentnce of your post, welcome back Gandolh. You once said you were doing work on fighting the pandemic that we are all living ( and dyng ) through, so I appluad you in that respect.
As for Orvana, I must re-emphasize that this company gets an F in all aspects across the board. It is the biggest loser stock of my current portfolio.
Gold tickling $2000 and Copper close to $3 and we can't turn a profit.
You can thank Fabulosa, yes the F in Fabulosa is the grade here, for share price, shareholder value, ability to execute , and everything else.
You pumpers keep mentioning items buried in the financials and reports...the only thing buried are your heads , give yourselves a shake. A market cap of 37 Million ? thats the best we can do ?
share price of 27 cents ..when I bought this at .60 cents 21 years ago ??? Success ?
really, it is called utter failure. Costs that spiral out of control, can't even mine :as Tojas for a profit with todatys high gold price , what a joke.
They are sitting on the oxide stockpile now for over 4 years, which contains close to $270 Million in copper alone , which I have pointed out before , but No, they instead spend money and invest in Taguas , to start all over again on a new mine.
Can you say kick the can down the road ?
Dumb stupid decision and after dumb stupid decisions. I could go on, and I'm sure one of the usual pumpers here will attempt to spin this in a positive light, but you can't , just face facts , it's all there.
Fabulosa looks after Fabulosa, not commin shareholders . Which aside from smilin Juan who owns a few toen shares, is NOONE on the Board or management team. That alone says it all. No reason to look after the common shareholder .
year 1999 , I buy shares at 60 cents , 2020 , shares worth .27 cents. You call the success ?
FAILURE AFTER FAILURE . When I can I will sell for good and move on, sure some of you can't wait.
Oh and here is the actual quote for the numbers in the stockpile that sits wasting away ! They new what to do years ago and have done nothing, except give themselves big raises across th board in 2019 !!!
Coop
The oxides stockpile has a mineral resource (Measured) of 2.18 million tonnes with an average gold grade of 1.85 g/t; and contains 386,950 oz of gold equivalent1. The stockpile resource was estimated in the 2016 Report (as that term is defined in endnote no. 1 below) on the assumption that the stockpile would be processed by floatation and would not be included in the carbon-in-leach circuit. However, during FY2018 and FY2019, the Company has been evaluating metallurgical alternatives to process the oxides stockpile, concluding that a sulphidization circuit would maximize the value of the stockpile.