Pretty desperate.... That article, that ye pumpers are salvitating about, cost this company more money that they don't have right now. And what effect did it have on the share price, SQUAT? In the most recent quarter ending June31, another 6 million in unexpected expense hit this company in the form of union payments for past years, plus the hoist catastophe, not to mention the 6.5 impairment charge for the acid plant.
Top it all of, they have a fully permitted mine that cannot get of the ground, partially in fact to debt covenants they signed with Credit Suisse.
"The EVBC Loan contains covenants that restrict, among other things, Orvana’s ability to incur additional indebtedness and make distributions in certain circumstances, to sell material assets or to carry on business other than one related to the mining business"
This company, right now, is financially struggling, and will be so for atleast another 3 years, Thay have a Bolivian asset, which is not an asset but a liabilty, that they get no value for in terms of share price. Many an investor got srewed over by this company on their lofty guidances.
So, Mr. Geezer and friends keep on pumpin, but until their balance sheet improves this thing is a dog: BOW WOW, BOW WOW