RE:Q1 Numbers out! Checkmate28,
Pretty solid quarter. Only Highland's late $1 million dollar payment, and $2.8 million USD in gold dore and copper concentrate receivables prevented Orvana from reporting a profit for the current quarter. So let's compare Orvana with a couple of peer junior producers:
- Orvana goes out to local Spanish banks to refinance $6 million dollars in debt to pay off Samsung's prepayment and convert from an interest rate of Libor + 7.5 percent to 2.5%;
- Mandalay Resources files a 358,400,000 share subscription for a public offering at 12 cents Canadian to raise $43 million in cash to avoid a default; and
- Americas Silver goes for a mided shelf to raise $50 million dollars to fund construction of a new mine.
Which stock will perform better in the next 6 months?