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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

Bullboard Posts
Post by massivemeltdownon May 18, 2009 8:55pm
222 Views
Post# 16000137

Funny...

Funny...How the KNB faithful continue to attack the legitimacy of the projects ORV owns and operates.  The most amusing part of it is that as ORV reports a profitable quarter and demonstrates their ability to execute while their own management can't even deliver a scoping study within a reasonable timeframe.  Feasbibility...we are still around 7 months and counting.  Clearly they lack the ability to manage an operating mine when they can't even complete the technical requirements on time and the most troubling for shareholders should be the fact they initiated this strategic option review for around 6 months and could not negotiate a more promising valuation even with GER's assumption based valuation or ORV's cash offer.  Pathetic.  I have no doubt KNB management will be able to bring this project to production but I have a high level of confidence they will do it at the expense of shareholders based on their history and current actions.  ORV is rescuing KNB shareholders from the slow death they would see if they continue to act irresponsibly and incompetently.  Food for thought....after this many years not too many KNB shareholders are in the green for the exception of management and insiders even after they claim they have so shrewdly acquired the project - imo, ORV will raise their bid as a gesture to shareholders and demonstrate their willingness to negotiate and make it clear they are not the ones that are being unreasonable.  Minimum 0.80 and I would say it's a done deal. It's not the question of ORV's projects that should be the focus of their posts rather their interest in seeing ORV bring the money their bankroll to the table that their own management could not deliver in a 6 month process.   Why are they so concerned with ORV's project when they are offering cash?  I could understand their arguments if it was a combination of shares and cash but they lack the logic their own management is missing with their focus on everything but the cash ORV has on the balance sheet. 
Bullboard Posts