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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 iambirdon Aug 04, 2011 8:39pm
703 Views
Post# 18906389

Maurizion regarding Capital Loss

Maurizion regarding Capital LossThanks.  I understand your strategy.  But let's look at it from a different angle.

If I had 10,000 shares and sold at 2.00 that will give me 20,000$
If within 30 days I repurchase I cannot claim the capital loss on the stock.

But I would be in a better position if I repurchase at 1.80  because that will now give me 11,111 shares instead of the initial 10,000 shares.

If you hold the stock you cannot claim capital loss
If you repurchase the stock within 30 days you also cannot claim capital.

With either method the capital loss cannot be incurred but with the latter you would have had a stock appreciation of 11.11% in stock units.

That was the point that I was attempting to make.
Bullboard Posts