Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by newbie880on May 17, 2013 10:16am
135 Views
Post# 21408628

Why would management?

Why would management?

buy shares of this company. Namely two reasons are the projects they have which suck. These guys have run this company into the ground. Big ambitions big breams and big guidance is what they offered, but yet have failed to produce. Hell the costs at UMZ just went from 1008 to 1155 per ounce for gold, copper 2.05 to 2.47,and silver from 20.31 to 22.52, quarter over quarter. This mine has been up and running since August of 2011, thats almost 2 years to solve the problems, but yet is getting worse. Top of that, their flagship EVBC continues to struggle with head grades of 3%, which these guys said would improve to near 5% when the new shaft was put into place. Over 50 million in debt, declining metal prices and a management team that has consistantly under delivered on the two mines have sickened the investment community. Tell me, why would they/anybody would invest? 40 cents is coming soon.

Bullboard Posts