RE: RE: RE: Institutions don't care, analysts don'Its perverse but institutions have shifted to stocks that provide immediate gratification from drill results or a surprise earnings report well above expectations and unfortunately this stock doesn't fit that profile. As for Sprott it appears they have also shifted to promoting those pump and dump stocks like VTR.
This latest news at ORV was not a surprise as most of the reserve expansion was due to lowering the cutoff grade.
The bad news of this shift in sentiment is it signals we are likely near the end of this bullish trend in the general market which is kind of hard to ignore.
As for Orvana I agree it is a frustrating stock to hold given its current valuation and its growth prospects looking forward but we all knew before buying that they left a 9 month hole in their production during this transition.
The reason why you hang in there is you are paying about 1.5 times forward cash flow for the stock at current metals prices.