RE:RE:RE:RE:Orvana has Zero Debt, and $183,000,000 in assetsYou don't mention how they reduced the debt. A $20 million sale of their Copperwood asset plus a $20 million (i think this is the number without doing a proper lookup) gain from unwinding hedges. They certainly didnt pay down the debt by being astute and efficient miners.
I see a scenario when this stock goes to 10 cents whereby fabulosa steps in and buys out shareholders at 15 cents (yes...a 50% premium), how nice of them.
Surely at 12 cents this is a screaming buy to insiders....i guess not.
5 years ago you could buy this stock at $3.33/share. A $1,000 investment back then is now worth $36. Yup, less than 4 cents on each dollar you invested. Worth a shot at averaging down? Not until I see a sign that insiders buy and sentiment in gold changes.
Those the facts Jack.
yogi...