Who wants to predict share price?
Like many others, I started to acquire more gold mining stocks when they were devastated unfairly with all the other commodity stocks last fall. Of all of them Orvana has shown the worst return in that time. At the same time it is still hugely undervalued based on cash on hand. But more and more people seem to betting on the jockey and not the horse when it comes to this stock. Despite increasing cash from $24 million to $100 million since Oct of 2006 the stock still trades at the same level, in the $0.60 range.
Does anyone care to speculate on what might happen to this stock in the next 6 months?