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Hi Christo59,
Please see the link below about how analysts are rating junior mining companies for investors to buy or sell. The rating goes from 1.0 (buy) to 5.0(sell). The rating Orvana got was 1.0 at a share price of 3.20$ and it is actually the highest possible mark that alerts investors to buy. Thus, I think we are still in a good position.
Thanks
Hi Christo59,
I joined Orvana about 1 year ago. I use to have Kinbauri's and with the acquisition I bought Orvana's. I know El Valle and Carles deposits and the Rio Narcea Gold Belt which has already produced above 1 M Oz of gold. Just considering El Valle deposit itself it seems that there are still many ounces to be up-graded from inferred to measured and indicated and Orvana seems to have capacity to develop the underground operation in there. The assets are very undervaluated and the market seems that is confident that Orvana may move them into production. I see a long way up for Orvana's shares. May be I will sell half of my stock at 6$ or 7$ depends on the market, but it may go above 10$. Same as you, I'm happy these days.
Good luck
I guess that Orvana's share price may go up very fast when they anounce for El Valle/Carles a reserve base and an economic model prepared by the engineers.
I know Orvana is doing well at El Valle/Carlés. Late in 2009 Orvana started contracting experienced people to manage the operation and for the underground development. I do not think that the issue with Glen Eagle may affect Orvana's Share Price. Glen Eagle is requesting 75M CAD$ but, even its share price is not sensitive to their Press Releases announcing they are requesting such money.
Do you agree?
Hi Dion123,
I guess we already met in KNB's hub and also at El Valle mine site. I expected more from KNB's management but Orvana finally won and I recently got Orvana's. I see Orvana's strategy much different from KNB's. I felt desperate not seing any reaction from Orvana at current gold prices but I know they are working hard to put El Valle in production as soon as possible. I will not tell my friends to put their money in there but I already took the risk myself.
Thanks a lot for your quick answers and for your time!
I'll try to share my thoughts in the future.
Thanks again
Pedro1964