RE:RE:RE:Copper Rev vs Market cap Thales42 wrote: Orvana is not different from Mandalay and I think Orv is following Mandalay's path - growth and free cash flow under the radar until one day the market discovers a very attractive Mamachita in Orvana. Same as Orvana Mandalay was left for dead two years ago.
Thales42,
Mandalay is different from Orvana Minerals in three respects:
- Mandalay Resources has the Costerfield mine which is the 6th highest grade gold mine in the World, and now we know that at depth at Costerfield we have another FOSTERVILLE!
- In terms of the share price, the market makers pushed MNDJF down to 3 cents in 2018, and forced most institutional investors out of the stock and reduced the retail investor interest in the stock, because the consensus at the time was that this stock was on the way to BK! Then in 2020, MNDJF made a secondary low at 38 cents USD after the stock had made a 10:1 reverse split. So between the reverse split and the retest of the bottom, most of the retail investors were all gone at this point.
- Now the correct analogy of Mandalay Resources is Crocodile Gold which got taken out by Newmarket Gold at an insanely low price as I recall being one of the retail investors who had their CROCF stock stolen by the Newmarket Gold acquisition.
- The current share ownership structure at Mandalay Resources is insiders hold approximately 25 percent of the shares,
- CE Mining III MND Limited 23,236,296 25.5%
- GMT Capital Corp. 18,004,488 19.7%
- Ruffer LLP 17,344,688 19.0%
- AzValor Asset Management SGIIC, S.A.U. 11,239,529 12.3%
- As of the Record Date, the directors and executive officers of the Company, as a group, beneficially owned, or controlled or directed, directly or indirectly, approximately 23,690,324 Common Shares, representing approximately 25.96% of the outstanding Common Shares.
Add those numbers together, and discover that these 4 institutions and MNDJF insiders now own or control 102.46 percent of the stock float in Manday Resources! So there are no retail shareholders left, and if you wonder how MND will go from its current price to over $10 USD per share in the coming weeks, it is because big money knows this is another FOSTERVILLE and they got most of the small retail investors out.
So, Orvana is a different gold stock in three respects. First, is that the stock float has been constant over the past decade, and if Orvana needed money it was obtained with bank financing--not through shareholder dilution. Second, owing to Orvana's low stock price, there are few institutional players in this stock, and likewise there are few professional stock shorts. Third, and most significant, is that Orvana's mine in Spain is a high grade underground gold mine with an excellent well designed process plant that is able to simultaneously achieve a 90-93 percent gold recovery and a 82-86 percent copper recovery.
On this last point, namely, the technical aspects of the Orovalle process plant compared with the process plant at the Bjorkdal mine in Sweden, that deserves a separate post.
ganndolph