RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Orvana undervalued Thales42 wrote: I stand corrected, not 350 fold, but 60 fold. I was buying at 6 cents in 2004 and LMA reached $3.5 CAD shortly before it was sold for for $3.3 CAD a share.
Another similarity with Orv. LMA's Down Under mine was a cash flow generating and that allowed the company to advanced its VHS project in Sudan to pre-production. Similarly, El Vale is a cash flow generator; El vale and Don Mario's OSP while in operation in turn will bankroll Taguas.
I was also holding LMA, started buying in at around 10 cents and bought a whole load one day when it was collapsing all the way down to ATL @2.5 cents intraday, the company was then valued to less than 5% of book value. Unfortunately I sold out way to early. There are similarities but their is also differences, like the daily turnover, there is absolutely no trading in the Orvana shares, and the Orvana management team are doing absolutely everything to avoid positive headlines. I wonder how long that could go on? We should get an update about the production figures next week, I guess the figures will be good and the inventory of unsold products have increased.