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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
Comment by massivemeltdownon Jul 29, 2009 11:16pm
145 Views
Post# 16177296

RE: RE: I hope this is not a done deal

RE: RE: I hope this is not a done dealHighly unlikely this will see resolution this week and the expectation is an extention to the offer (at the very least) based on the most recent consolation of KNB management in terms of realizing the ORV offer may be a better alternative than ATW.  Given the lack of bid depth and increasing ask on the ATW board, the fact ATW shares have recently traded at 0.58 provides little benefit over the ORV offer considering the added dilution and the expected pp of the merged entity will certainly see ATW trade lower or at the very best trade sideways imo. 1.35 of ATW shares where there are no buyers at 0.60 is not a proposition which any investor should consider superior to an all-cash offer of 0.75.  At most a raised bid of 0.85 by ORV will certainly close out the incompetent track record of KNB management and hopefully put the asset in the hands of a capable team which can bring this project to production. 0.85 would be a generous offer given the circumstances and the fact we have not seen another participant, given the "significant" interest this second round of strategic discussions (as KNB management would like naive shareholders to believe) ....what a joke.  They always need more time....more time to complete a scoping study, more time to evaluate the first strategic process, more time....seems they can't keep up and clearly are incapable of managing this or any business for that matter.  I guess the longer it takes the more cash they can stash away before they lose their undeserving jobs.  At 0.85 cash clearly ORV will have the support they require based on the fact current valuation for the ATW deal would be inferior....for those that want to continue to participate in the potential of El Valle....simply buy ORV...Those that tendered at 0.55 were confident ORV would be successful in their bid, and as such I can't imagine JFC buying at 0.74 recently is meant to provide charity for the KNB sheep......good luck to ORV but I don't think it will take much more than another 0.10 to remove luck from the equation to achieve success....if it means a conclusion to this nightmare. 
Bullboard Posts