checkmate28 wrote: Larry60 wrote: oh checkmate...................why would a company producing 100,000 oz of Au a year need to sisue shares???????????????????????????????????
They would be building up cash.............and at $2400 gold theyd have so much cash they wouldnt know what to do with ti!!!!!!!!!!!!!
5 years ago, ORV was on that path..........................now they produce 40,000 a year................big decline............
as for OSP???? Coulda pumped $100 million of cash outa there already...............
All that cash?????? coulda been used to become a 300,000 or 500,000 oz au a year producers........................
instead, were struglling to get to 1/2 th production of 5 years ago..................
Thanks Juan!!!!!!!!!!!!!!!!!! you must luv your job!!!!!!!!!!!!!!!!!!!!!!!!!!!!
checkmate28 wrote: Larry on the contrary there's another way to look at this.
Other companies would have blown out the share count to 5 - 600 million OS by now
Orvana Has kept the share count the same and added value. How you say?
Tauguas and its valuable resource wasent here in 2019
Then theres the OSP Is it closer now or closer then?
Now there was lost value in opportunity costs, but that could be fixed by getting the OSP financed and built along with all the cash flow you've been posting about.
If ORV gets to $1 - to $1.50 a share like you post, than how much value was lost?
If this works they will be selling 20 Mil lbs of Cu per year at $6 bringing in $120 Mil alone in revs
I think the answers we'll see in a couplke mths, good or bad
Your a smary guy Larry but it looks to me your jusy trying to manipulate the shares up and down.
So lets try and answer your questions. I posted a link below from 5 years ago that lays out the whole story. They mined out a mine that became unprofitable. As opposed to losing money, they shut it down at quite a cost with European emp severance pay and all. You can see they were going to start up the OSP but guess what. Exactly 1 mth later, Covid hit the world and shut things down. Then there was the European truckers strike 2022 (see link) Extremely high desel fuel and than the employee strike.
Sounds like a lot of excuses, but I happen to remember they were bearly keeping the bills paid while building out Argentina Taguas with cheap bank loans.
Lets run another option. Orvana could have gotten $48M with equity financing by blowing out another 400M shares and diluted us down to 25% of what we have now? Do the math. Can you make that make sence? Thad be destroying value and selling the oxides for chump change.
Its unfortunate but I can see a 5 year set back. I dont see where they lost any value.
I am however not happy with ORV not keeping us properly informed and the lack of mgt promoting the future and they may be paid to much.
So lets get it done4r now that Commidities are up, costs are down, NI43 101 resource increasing nicely, OSP permitting and studies done just waiting for the financing to close.
Fablosa Yes they probably had a lot to do with keeping their shares from being diluted and hanging on to the value. $1.50/ share and it will all look good.
Just my 2 cents
5years ago Press release https://www.mining.com/orvana-minerals-to-suspend-operations-at-los-tojas-in-bolivia-stock-down/
Orvana Minerals Corp. (TSX: ORV) announced Friday that it will suspend mining operations at its Las Tojas gold mine in Bolivia effective on or before December 31, 2019.
Orvana said it is suspending operations at the mine, (EMIPA) because of a higher than expected ore grade operational mining dilution with more narrow, erratic and discontinued mineralized structures, which is resulting in uneconomic unitary cost per ounce.
The Canadian-based junior miner said that notwithstanding the suspension of mining operations at Las Tojas, the previously announced development and engineering of the oxides stockpile that has accumulated from past mining activities at Don Mario continues to advance.
Earlier this year, Orvana posted a relatively strong fiscal second quarter ended March 31, with good performance from its two operating mines — Don Mario and the El Valle gold-copper mine in Spain.
At Don Mario during the second quarter, Orvana produced 9,564 oz. gold, or 11% less than in the first fiscal quarter but almost the same as the year-ago quarter.
“Given the anticipated near-term transition into our Oxides Stockpile Project, it is the right decision to suspend operations at Don Mario to mitigate a higher unitary cost burden onto the Company,” Juan Gavidia, Orvana’s CEO said in the media release. “Subject to a favourable outcome of the analysis of the feasibility of the oxides stockpile, we are committed to funding and building the Oxides Stockpile Project, which is expected to commence in early FY2021, with 33 months of expected low-cost gold and copper production.” TORONTO, April 4, 2022 /PRNewswire/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") announces that it has restarted operations and production at its Orovalle Operation in Spain.
The nationwide transport strike that started on March 14, 2022 was suspended on Saturday, April 2, 2022. Supply chains are being progressively reactivated, after three weeks of disruption due to the nationwide strike. The Company has received the required materials to restart operations, and continues to investigate any and all options at its disposal to access to the materials required on a timely manner.