Stonecap keeps rating
"While UMZ’s operating performance improved, particularly on precious metals recoveries, relative to July, EVBC still seems to be struggling and we note that EVBC’s July throughput was around 1,525 tonnes per day (tpd) while Q4 was around 1,300 tpd," Stonecap mining analyst Christos Doulis said in a note.
"We believe that both operations are now generating free cash flow but await Q4's financials for confirmation. Furthermore, Q4 financials should provide clarity on whether Orvana’s working capital concerns have been alleviated."
Not sure why he is dwelling on working capital shortfalls still. Last quarter indicated that free cash was very healthy. Capital commitments have been shrinking since then.
Any shares under a dollar are a gift at this point. If I had $100 million at my disposal, I would be calling up Lozada to see if he wanted to sell out his 52% stake. No doubt he knows the value is closer to $3/share