RE:AGMDeepvalueminers,
You must be a fairly recent shareholder since you started posting on 2/25/22.
The fact that Orvana has a 52 percent shareholder who controls the company is a red herring. Zimbabwe had a 51 percent ownership provision at Caledonia Mining, yet the 49% minority shareholders ran the company. And CMCL has gone from 3 cents per share at the low in 2009 to a current price of $12.50 USD per share.
Your second red herring is that old saw of lack of transparency! How can you write that given that Orvana Minerals has a 30 page MD&A and a 22 page financial statement with one operating mine?
The details are all listed in these documents, so that is plenty of transparency.
IMHO, we don't need to hire a 3rd party consultant to repeat the audits that are already being done by PriceWaterhouseCoopers (PWC). Why spend extra money to duplicate existing effort?
What would be nice is if Orvana Minerals adopted a shareholder rights plan as a countermeasure to a potential hostile takeover.
So here is my list of questions for the AGM. It is clear to me that Orvana Minerals is having some problems with their mine plan at Orovalle. From page 10 of the MD&A, we have the following:
"A project is in progress to optimize mine haulage, both trucking-fleet size and hoisting. The analysis was completed in fiscal 2021, and the Company is now defining the mine haulage strategy for the updated life of mine."
So, where is the life of mine plan that was supposed to be released with the 43-101 update at Orovalle?
Second, what is the problem with the mine haulage at Orovalle? You have high grade areas 100 meters from existing development, and you are mining at 2.27 g/t when the average ore grade is 2 g/t higher? So what gives? And why is the mine plan broken?
Third, the areas being mined are close to the surface, so why not add another portal to make ore hauling more efficient?
Fourth question is whether Orvana Minerals is deliberately mining more copper to maximize by product credits from copper or whether this is just the result of the areas being actively mined due to a previous mine plan?
It should be an interesting meeting, as there may be lots of news coming out from shareholder questions.
ganndolph