Hey Hoodoo
A tiny little bit of due diligence would have yielded you the answer regarding the location of Orvana's cash holdings - yet you come here and claim that SP will plunge to $1.50. Sounds like uninformed bashing to me.
Certainly there will be some nervous nellies who may/will sell next week but the longer term picture is still positive.
I am not sure why the audit - could be routine - or perhaps the audit is a politicial ploy to show the "illegal miners" in the area that the "legal" mine is living by all the rules (perhaps the glasses are too rosy ) . Anyhow I certainly don't believe that the government would even bother with a "audit ruse" if their goal was simple nationalization of the property.
I also agree with previous posters who have stated that Orvana seems to have a good working relationship with the government. I don't think the government would chance disrupting significant future 10 year cash flow (in the form of taxes) by messing with a company which has been a good corporate citizen for many years.
I am not pleased with news about the audit but I remain optimisitic. To end on a positive note - if the audit comes out clean and the government gives a thumbs up - perhaps we will finally overcome the "Bolivian headache" that people are always worried about. Who knows this could turn out to be a real blessing. :-)
PS. Look at Orezone with a property in Africa- they have nothing other than an unofficial estimate of 1.6 million oz of gold indicated and they went from 80 cents to over $3.50 in just a few weeks ( a market cap over 60% of Orvana ).