checkmate28 wrote: Larry Larry Larry Todays news was for the most part already expected and priced in.
Lackluster transparency? Yes Agreed Ill give you that.
The company is not doing a good enough job keeping the shareholders updated. We get very minimal updates, no promotion and no IR contact. I suspect this will change when they secure the complete financing package which is still the largest unanswered question.
Did they have a strike? Yes Already priced in. We knew this ran from mid November and into Jan
Did you not think 3 hours of strike per shift would affect production negatively?
What do we have now and where we going is what we need to know?
Company guidance - The rebound to normal levels
"During the second quarter Orovalle rescheduled the production plan until September 2024, and continues focusing on improving mining operational ratios, which we expect will allow us to increase our monthly throughput to 58,000 t in average over the second half of the year".
Also "Orovalle is still targeting to reach the lower end of the 2024 production guidance for gold at 41,000 - 45,000 Oz"
"Although negotiations with the labor unions were challenging, management strongly believes Orovalle's long term sustainability requires detailed attention to its costing and operational frameworks which were adequately addressed in the agreed basic terms with the workers. .... Maybe Orvana gets something out of this??
Their guiding for 2 quarters of normal production levels with higher efficiencies and record prices for Gold Copper and Silver Half 2. That looks positive to me Larry??
Drilling : 2,854 m of Infill drilling, in Boinas South
DDH 23SB181: 20.65 m @ 9.01 g/t Au – 0.29 %Cu All star hole Yes Yes!
DDH 23SB189: 11.50 m @ 3.26 g/t Au – 0.52 %Cu Great hole Yes!
3.00 m @ 52.98 g/t Au – 0.48 %Cu
DDH 23SB191: 12.20 m @ 4.03 g/t Au – 1.15 %Cu
DDH 23SB197: 11.00 m @ 4.11 g/t Au – 0.4 %Cu
another 2500 - 3000 meters drilling per quarter coming up with a lot of 10 meter spacing! That tight Larry!
Maybe we can boost the resource past the 5 Million ounces.
Is 5 million a ounce resource with 2 paid for mills and profitable increased production on deck, a good situation Larry? You bet it is.