RE:RE:RE:RE:RE:RE:RE:RE:CopperNergy,
I have two reasons to think that there might be M&A action in Orvana's near future. Apart from Orvana trading at 36 percent of book value (which by itself is insanely low), we have
Gordon Pridham as Chairmain of Orvana having the record of delivered the Galena mine into Blasutti's hands;
and second, the fact that Relief Canyon has been a total disaster having produced only 4836 ounces of gold sales in 2020 at a cumulative cost of some $56 million USD or $11,759 USD per ounce of gold--so Blasutti needs a profitable gold mine in the worst possible way to make good on his remaking Americas Silver into Americas Gold and Silver.
Their silver mine in Mexico is not in production, and so USAS has only one good mine, one money losing albatross in Relief Canyon, and a difficult political situation in Mexico with Cosala not producing. So who knows how this will all work out?
But, one possibility would be a merger of the two companies where Blasutti gets the axe and Smiling Juan Gavidia gets the job of restarting Cosala and repairing damaged labor relations.
The second possibility is that Blasutti's gold production at Relief Canyon is far higher than gold sales, and that he is sandbagging for the purpose of making his numbers look good when he adds Relief Canyon to the financial report in Q2 2021. If that is the case, then he doesn't need another gold mine, although Orvana would be an accretive acquisition for Americas Gold and Silver.