RE:RE:PDACI have been in this business for a long time and I disagree with your assesment of Orvana IR and lack thereof. I have seen this story before and the undervalued deals alwasy remain undervalued unless the company changes its strategy and attitude. I dont want to invest in a company that will always be undervalued... Our job as investors is to identify deals that are undervaued, do dd and more dd on the fundamentals, and then once the value is concerned we take a position... Often in these cases we have to be proactive with management.
When you are trading at 1.1 times annualized cash flow (based on Q1 were the price of gold was still cheap) and about 1/4 the valuation of similar peers - the IR departent is not doing its job - period. We have the goods and we are severely undervalued by all metrics.
On topof that - The IR should also not be peddling other deals when working the Orvana booth.
If you believe that Joanne is the person, then we should give her the benefit of the doubt, but there has to be goals and time constraints - but to keep attempting the same thing and expecting a different result is plain stupidity....
Good luck to all Longs
JandD