RE: RE: Orvana - News ReleaseI think ORV underestimated the fight that KNB would put up. I suspect they may not have enough shares by July 31st to close the deal. If not I hope their is a Plan B close at hand.
You got to believe that ORV sees value in KNB even at 75 cents to keep coming back and trying to convince some to tender their shares. I think the potential acquisition helps address the diversificatioon strategy (along with Copperwood) the company is trying to achieve. If successful I think the ORV shares will approach share prices and PE's valuations more in line with traditional gold stocks. Guess time will tell.
Yogi...