how many shareholders?I was listening to the AGM and that 144 shareholders holding over 82,427,000 shares owned or through proxy attended the meeting. If 116 Million shares are outstanding that means approx 34 Million shares where not represented at the AGM.
It seems to me that a small amount of the float is being traded regularly and that once these few weak hands have sold Orvana, Orvana will start to gain again, which is where we are now.
I know Orvana does not pump and promote itself as it is not looking for financing, as such it will have a slower climb until Spain is online, at which point other fund companies will start to pick up Orvana based upon it turning into a mid size producer.
Certain fund companies will not purchase miners until they are able to produce at certain levels.
I'm looking forward to the next upswing. Imagine P/E ratio of 5 or lower. This is a no-brainer.
Just my thoughts.