Orvana Minerals Corp T.ORV

OSP

[JUANTOTHESTARS2]

To partially fund the plant expansion to treat ore stockpiled from previous years of mining activity, in the fourth quarter of fiscal 2024 the Company raised total net proceeds of $27.7 million through the placement of bonds in the Bolivian Stock Market and the issuance of preferred shares of EMIPA, its Bolivian subsidiary. To secure the remaining required funds for the construction and ramp-up phases, the Company continues developing different financing sources, including, without limitation, equity at the Bolivian subsidiary's level, additional bonds offering in Bolivia and a prepayment facility

so this quarter they raised 27.7 million and between july 1 to aug 12 they raised 37.7 million for the OSP. so question is how much more money do they need for construction start and ramp up.
65 million raised through the bond program. how much more do they need? couldnt find in their MD &A documents.

JuantotheStars2

[checkmate28]

JuantotheStars2  Thanks  In about another 35 days  (last year Jan 16th) we'll get another production update. Maybe they can enlighten us to the remaining CAPEX needed.        We already know there responsible with there $ and we normally find out what there doing after the fact. The important thing is, there getting it done and  have to be moving

[Nergy]

Fourth quarter of fiscal 2024 = July-September. They have raised around $28M You can see it in the financials.

[Larry60]

The OSP seems to be under construction already alhtough early days. reading between the lines its seems like ORV feels they may be able to fund the balance with cash flow as the need arise.  I would think they could also get a working capital facility once the project is well under way. Looked like it was about to break out earlier today but RBC knocked it down late in the day.  Still

[Nergy]

I think it's a good chance that the OSP can be financed from CF. The production will be low this and next quarter but from mid year grade will increase and I think they can end 2025 ~ 15koz/quarter. With EBITDA > 20 MUSD/quarter.

[PearlButton]

Gold up nicely this week. Can this stock make a move. I'm getting old waiting.

[Larry60]

orv has been strong past few days on not inconsequential  volume. shouldnt take much to double this in the coming weeks and then a move on toward $1......$2........ Thats assuming that Juan gets his act together, not just more RSUs????

[Nergy]

Probably need to wait another month until the new set of RSU's are issued until we get some more meaningful company info. On the other hand, all that is needed is a few investor's realizing that adding 100k- 1M shares will have to be bought within 1-3 months to get the first 100-200% gain.

[Larry60]

My recollection was they used to price RSUs late in the year (tie in with tax loss selling) but I cant find anything on it. In any event, Id expect an update very soon.  A well, Q1 update should be out around Jan 10 on production plus any OSP update.