jicoop wrote: ganndolph1 wrote: jicoop,
Curious as to why you think this stock is in a "hopeless pathetic trend"? Orvana's stock price has put in a 5 year base with the lower end of the trading range tested 4 times on sequentially lighter volume.
And if you were really unhappy with the Orvana stock price, the market offered you a tremendous opportunity to unload your shares at 9.9 cents USD on December 2,2019, and you didn't take it Because trading volume during that week was only 5987 shares. I am sure that someone would have been happy to buy your shares at half price.
With the Covid 19 panic selling in March 2020, you had a second opportunity to dump your shares of ORVMF at half price, but I suspect that you did not sell on this opportunity either.
Taking a look at the price ratio between ORVMF and POG, Orvana double topped versus its 2016 high at .0029 times POG in July 2019, and based on the current POG at $1932 USD per ounce, ORV should be trading at $5.60 USD per share based on that ratio. So where are the buyers??? Totally ABSENT!!!
Gold bugs seem to have turned from true believers into short term traders more invested in making a short term 20 percent gain than in going to the 10 bagger on a long term investment.
So with the Denver Gold Forum just 10 days away, I found it highly interesting that Orvana CEO Juan Gavidia is scheduled to give his presentation at 2:20 PM on September 20, 2020 and that Darren Blasutti, CEO of Americas Gold and Silver follows at 2:30 PM in the same room on the same day. Nothing to see here, just pure coincidence, I am sure.
However, if I had 10,000 shares of USAS, I would sell a 1000 shares of USAS and buy 15,000 Orvana shares just in case! (Pure speculation on my part.)
Ganndolph, while I do apprecaite your repeated attempts to talk up this stock and Juan and the board and management, facts are facts , gold over $1900, Copper over $3.00 , and here we are down today to measly .24 cents CDN .
You have been defending them for years now, and the tune is still the same. Failed promises, pushed out deadlines, all the while they give themselves big fat juicy salary increases, and now you suspect something is up for the Denver Gold forum ? Really ?
Trust me, I am REAAALLLY Hoping you are right one day , and I will be the first to buy you a celebratory drink or two, but I highly doubt it.
From what I've seen to date, gold could hit $5000 , Copper $10 , and Juan and Fabulosa would still find a way to barely break even quarter after quarter . Mark my words, Tab this post .
So keep on trying to find a ray of hope for me and the other log suffering longs here.
Coop