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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
Comment by ganndolphon Nov 08, 2019 9:01pm
255 Views
Post# 30330401

RE:RE:Halted

RE:RE:Haltedjicoop,

Maybe you missed the second half of Orvana's update where Juan Gavidia reports: "Orovalle is
expected to continue generating free cash flow in 2020  The approval of the exploration permits in Spain for Ortosa Godan and Lidia are more significant than Las Tojas.

From the trading today, my conclusion is that somebody knew about this in advance, and how conventient is it that the market makers took the price exactly back to the November 2018 low at 12 cents Canadian.  With 2.058 million shares in trading volume I would have expected the November 2018 low to be blown away.  But it seems somebody was waiting at 12 cents with a buy order, and looking at the last two hours of trading, buyers had pushed the stock price back up fo 14 cents Canadian.

In the US on the OTC, there were only 4 trades: 5000 shares at $0.1174 at 9:45AM, one sell of 24,999 shares at $0.095 at 10:08 AM, and another shake out trade of 52,650 shares at $0.093 USD, and finally a 10,000 share buy at 12:24PM.  And in the US, they took the stock price exactly back to the December 24th 2018 swing low at  $.093 USD.
Bullboard Posts