I hope this is not a done deal
How can Orvana feel that unproven reserves purchased in 2007 for $5 million are now worth $47 million. With little drilling between then in now to scope out what was a mine closed for lack of viability. Perhaps they know something we do not......but it is all mostly inferred resources STILL.
Kinbauri has been buying and selling properties since 1992 without ever putting one into production. They have no history of ever creating value.......why would this be any different.
This year alone they have issued over 12 million shares......and they still think they're stock is worth more now.
I so hope Orvana has some inside knowledge because this is crazy to give up half their pile for.