explod
explod
- Joined
- 4 March 2007
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Good pick, had been eying it myself with the drop in the gold silver ratio finally starting to drop and with both on the rise. We'll see.
I have chosen this little Silver play as the June stock tipping pick. It is one of the higher grade deposits in Australia and highly leveraged to the Silver price which is running hot at the moment:
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My thought process: I was tossing between my two favourite pure play Silver juniors SVL and IVR. SVL has run with the fast run up in Silver price, while IVR has gone the other way. There is a lot of catching up to do, so chose IVR when you need biggest bang for your buck in a shorter period, like during a 1 month competition.
Investogator's Paris silver project, Australia's highest grade silver project, is located 60km northwest of the town of Kimba in pastoral country on the Eyre Peninsula. Investigator has a resource of 9.3 million tonnes at an average 139 grams per tonne of silver and 0.6% lead for a contained 42 million ounces of silver and 55,000t of lead. The indicated component stands at 4.3Mt at 163g/t silver and 0.6% for a contained 23Moz of silver and 26,000t of lead.
The silver cut off grade is 50g/t. Investigator has said the silver grade emphasises the "high-grade and quality ounces of Paris compared with Australian peer silver deposits".
Last week, the company raised $8 million through a share placement with its largest shareholder, London based Merian Gold and Silver Fund, taking half of the total. Once the second tranche of shares are issued, Merian will hold around 15% of the stock.
Investigator said recent appreciation in the silver price saw significant demand from existing shareholders and institutional investors. A number of new institutions have now joined the Investigator register. The new shares were issued a $0.03 per share
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That news created a gap up on the open and it triggered buy conditional buy order. I hope you're right @greggles onward and upward please.
This is pretty high grade silver.
If this was a TA meeting (Traders Anon) I'd have to admit that I'm holding on to a DOG. It was such a cute, well behaved puppy that I fell in love with it. Now this puppy has turned into a DOG and it's making a mess of my trade stats.
My last trade in IVR was winner thanks to the BO shown by kennas in the prior post. Then I bought on support, which is another way of saying I bought when price was going down. Well, guess what. Price continued to go down and I haven't sold it. Arrgh!.
SILVER : Trading at 6.4c for a market cap of $85m. Investigator is all dressed up and ready to go at its Paris silver project in South Australia.
It is a 55m ounce deposit, given the project all the leverage that could be expected to silver’s robust outlook thanks to solar panels and EVs adding to the demand outlook. Should silver break out in 2022 as some suspect, Investigator will pull the trigger on a development
Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.
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