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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 Jun 30, 2009 8:16pm
386 Views
Post# 16109986

No surprise...

No surprise...ORV has extended the offer, however I am surprised they did not raise the offer price.  Given the pending arbitration, I don't think there will be much interest from parties that are not already involved which is probably the reason ORV has decided to leave this status quo for the time being.  Just think if KNB management hadn't hastily entered into the agreement with GER just to fend off ORV's offer KNB shareholders would most likely be looking at 0.75+ at this point and possibly some other auction participants.  What a sad exhibition of management if you are a shareholder of KNB, however if you are an ORV shareholder you will likely witness ORV acquire this project at a discount to what they may have had to pay due to accumulation which will no doubt occur in the next 19 days.  Printed some KNB this morning and picked them back up near close....I used some funds from the trade to pick up shares in GER in light of their likely arbitration success.  I am starting to wonder why deals that McEwen has been involved in tend to disappear....First an MOU for Buffalo Gold to develop Furtei vanishes (which eventually led to the demise of the company!), now GER....We will see if third time is a charm...These "attempts" are what limits upside to extradordinary opportunities...which should benefit ORV in the end.
Bullboard Posts