Australian (ASX) Stock Market Forum

From what comes to mind there is a few spec plays such as ARD and IVR that should also benefit, but my pick of the bunch from all my research is Silver Mines Limited (SVL) which has the largest undeveloped Silver deposit named 'Paris' for any junior, so like owning Silver in ground. Breaking out to the upside today...

Sorry there was a mistake in that post with the names of Deposits. The largest undeveloped Aussie Silver deposit is owned by Silver Mines Limited (SVL), but it's called Bowden's Silver deposit:
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'Paris' is a smaller Aussie Silver deposit owned by Investigator Resources Ltd (IVR), which I also did a bit of research on in the past. Just got the names mixed up during the live market hours :oops:
 
And has been rising steadily, bought in at $1.50 ish after reading up on it, and interested to see if we have the next NXT on our hands.
 
Overnight, Silver has broken out to a multi-year high after a consolidation period:

From what comes to mind there is a few spec plays such as ARD and IVR that should also benefit, but my pick of the bunch from all my research is Silver Mines Limited (SVL)

Wish I'd listened to that advice you gave us last week Aus:eek: Everyone of those Silver stocks has gone berserk. Good call:xyxthumbs

Hope you hold some of each.
 
Wish I'd listened to that advice you gave us last week Aus:eek: Everyone of those Silver stocks has gone berserk. Good call:xyxthumbs

Hope you hold some of each.
Hold a small minimum sized parcel of SVL from long time back as I believed Silver will turn some day. It has been my go to Silver pick on the ASX but wasn't confident in putting on a large position on as I have had experience with some of the smaller mining/exploration stocks going out of business and losing the lot for shareholders. Another historical Silver stock comes to mind called "Cobar Consolidated" (no longer listed but I think it was CCU when it existed on ASX), which went into voluntary administration few years back :sick:.

Glad to alert fellow members about these type of plays as I find them, but I will not actually trade in and out of them as I do with stocks in Speculative Stock Portfolio. These small cap stocks tend to be too volatile to hold in such a portfolio, so with SVL for example I had to hold through close to 50% draw downs :drowning:
 
My god, SVL... I was trading that back in 2009/10/11 when I was at uni & trading my pizza-delivering money in penny stocks.

Seems it's back to being a penny stock >_>
 
Oh and my last two penny-stock winners have been DEG & MGV. I reckon both have legs in them yet.

Kogan was also a ripper too - that's up 50% and running since I bought and I thought I was late to that party. Seems it has plenty in it yet too - yesterday would have been a great dip to buy into.
 
Gold screamed overnight. Silver's basically been a more volatile version of gold lately. Expect your silver penny stocks to bounce today - might be a nice peak to sell at ;)

I'm going to continue holding DEG & MGV.
 
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I was expecting things from DEG & MGV as gold bounced overnight but it's the 11% run from kogan today that has my mind blown.

I still think all three are a buy ;)
 
I was expecting things from DEG & MGV as gold bounced overnight but it's the 11% run from kogan today that has my mind blown.

I still think all three are a buy ;)
Yes, Gold stocks are having a good day after the recent sell off in Gold price.
 
Yep they've screamed lately too.

Got a cliff notes analysis of the company?
 
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