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Operations: Copper-gold-silver-mine in Bolivia, Gold/copper mine/Mill in Spain and its developing copper project in Michigan
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Message: Is ORVANA ready to go a lot higher?

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Re: Is ORVANA ready to go a lot higher?

posted on Mar 04, 09 01:59AM

There is always a possiblilty of margin calls but I doubt it. People on margin would have sold a while ago. I think that there was some healthy profit taking going on. I mean we did have a large ROE for those who bought at the bottom in october when the SP was around 40 cents. To see a double in these market conditions, in that short of a time frame, I am sure people took some profit off of the table. If this is true, the good point is that we will have newer investors who should hold it longer and eventually drive the price a bit higher (but who knows in these market conditions).

Johnyboy

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