SVL - Silver Mines

[Sean K]

Kinda scratching my head over SVL today.
Silver powered through 30 bucks on the US market Friday night, and continued its advance through 31 today on asian markets.
And yet SVL has been sold don by 12% on some pretty large volume, and there has abeen a biginflux of sell orders.
Still not game to go again, will wait to what happens on US market tonite.
Mick

Yes, unexpected. I thought it was going to go the other way, especially after Friday's candle.

 

[qldfrog]

Yes, unexpected. I thought it was going to go the other way, especially after Friday's candle.

Hey, i might be able to reenter cheaper than when i sold after the debacle

 

[Sean K]

SVL need to put out a harder plan around getting the new application in that includes the power line route. They've already done the work on it and identified options which includes just following the current lines in the region. They should be able to just add it as an annex to the original application that was approved by everyone and done! Hop to it Jo!! There's a 50% stag for the taking.

 

[Sean K]

SVL still hanging around the capitulation price on the news that some rabid locals had won their case that a power line wasn't thought about too much. I thought the SVL team would have got out a more definitive plan to put back on the table last month but surely it's this month. Once that's resubmitted and we have the detail the market should push it back to it's price before that news. Surely two months is long enough to write a power plan annex X to the application.

 

[mullokintyre]

Historically, SVL is always been about the admin staff keeping the thing going so they have a nice income.
The slow progress merely continues that theme.
I doubt that the current regime never really thought they would be bringing the mine into production.
They are milking it till someone else comes along and takes them over.
In the meantime, we play the trading game as it reflects the silver price.
mick

 

[Sean K]

Historically, SVL is always been about the admin staff keeping the thing going so they have a nice income.
The slow progress merely continues that theme.
I doubt that the current regime never really thought they would be bringing the mine into production.
They are milking it till someone else comes along and takes them over.
In the meantime, we play the trading game as it reflects the silver price.
mick

They are pretty light on for mine builders in the hierarchy that I can see. The Chairman looks like he was a wheat farmer. Probably not what you need to build a mine.

It's probably ripe for the taking at the moment if all they need to do is define a power plan and it gets a green light. Maybe S32 is something that could take it on.

I'm still backing a return to the pre court decision price once they articulate their plan as a short term bet. 15c will do me.

 

[mullokintyre]

They are pretty light on for mine builders in the hierarchy that I can see. The Chairman looks like he was a wheat farmer. Probably not what you need to build a mine.

It's probably ripe for the taking at the moment if all they need to do is define a power plan and it gets a green light. Maybe S32 is something that could take it on.

I'm still backing a return to the pre court decision price once they articulate their plan as a short term bet. 15c will do me.

View attachment 185590

The announcement out today that they plan to start drilling at Bara creek is a bit puzzling.
I will be very interested to see what the quarterly statement says about cash on hand and projected expenditures.
The recent 30mill convertible not issue will bide them time, but what happens when and if the get the go ahead with a new revised power line supply?
We have not had a PFS, no capex expenditure expectations, is it going to just keep doing cap raisngs to keep the admin going?
Just can't see what is going to drive it higher in short to medium term unless silver goes on a bender upwards or someone lobs takeover bid.
Mick

 

[Sean K]

This is good news, but not quite what I expected as the next steps.

This could mean they don't have to resubmit the entire application with the power annex, but just amend what they've done by simply including the annex. Might only be a small difference but seems like it might be a shorter turn around. Will still have to go before the three judges again, I guess. Assuming they're the same ones and their only gripe was the power considerations they'll have nowhere to go.

 

[mullokintyre]

SVL put out what should be apositive announce ment re the Bowdens project.
The devlopment application is still in placce it would suggest, so now they need to make the required ammendments to satify the court of appeal.
That may be more difficult than it seems.
The court did not say what would satisfy them, just that what SVL presented did not.
Some games to be played out yet.
Mick

 

[mullokintyre]

Ha Ha @Sean K , we must have been typing at exactly the same time!!!
Mick

 

[mullokintyre]

Nearly 10 mill trades today.
Looks like the punters are back.
Had my trade at 11 taken out, more than happy with that for a two months work.
Mick

 

[Sean K]

Nearly 10 mill trades today.
Looks like the punters are back.
Had my trade at 11 taken out, more than happy with that for a two months work.
Mick

I think the people who needed to sell are out around 9c and there's a lot of fresh holders sitting on a little profit now.

In regards to the recent news that drove it up a few percent, that's great, but the risk is that news is revised with a ann that they can't just hold up the application and insert a power plan for quick review by the panel. It'll probably go back to 9c on that.

In the medium term, I still think it gets back to the pre-court decision of about 15 cents. But, unless silver is going bananas, a lot of punters who got in for a short trade will bail just before that I think.

 

[mullokintyre]

Thanks to the surge in silver, SVL hit a high of 14 today, almost back to where it was before the fateful court case, which seems to have been forgotten now.
Silver within spittin distance of 34 now.
If silver stays above this mark for any length of time, or even increases, you would expect the SVL Sp to start touching those recent highs of 20-22 cents.
If the project was worth 22 cents back wne silver was at 32 an ounce, it should be 20-22 at least at 34 buck silver.
Still some way to go for SVL, regardless of the court case.
Mick

 

[Sean K]

Thanks to the surge in silver, SVL hit a high of 14 today, almost back to where it was before the fateful court case, which seems to have been forgotten now.
Silver within spittin distance of 34 now.
If silver stays above this mark for any length of time, or even increases, you would expect the SVL Sp to start touching those recent highs of 20-22 cents.
If the project was worth 22 cents back wne silver was at 32 an ounce, it should be 20-22 at least at 34 buck silver.
Still some way to go for SVL, regardless of the court case.
Mick

I pulled my sell at 14c because of the break up in silver on Friday night. This is just about the only ASX stock that will run with a silver break out along with ETPMAG. Might have missed my chance for a quick 40% gain I was planning on due to greed.

 

[mullokintyre]

I pulled my sell at 14c because of the break up in silver on Friday night. This is just about the only ASX stock that will run with a silver break out along with ETPMAG. Might have missed my chance for a quick 40% gain I was planning on due to greed.

I reckon you will get more than 14, just not today.
If you had not puller your bid and got your 14 today, what other stock was demanding your money?
If there was nothing desperately needing it, you have not lost out.
Mick

 

[Sean K]

Q3 out and unusually, during game time.

Maybe because there's nothing new, but does reconfirm that the DA is 'alive and on foot', which must mean it's not dead or in the water, or completely screwed, or something.

 

[Sean K]

No more news on the DA which 'remains alive and on foot'.

Unfortunately, POS has broken down a bit and taken this with it. Back to the capitulation zone just above 9c.

Hopefully these guys get their foot out of their arse and get that DA out of the grave.

 

[Sean K]

The DA is still 'on foot' but they've removed the 'alive' part. I preferred it to be both alive and on foot.

Still sounds like there's lots of legal fees to expend before this gets back on track.

 

[Sean K]

I was excited by the bump yesterday on the back of the DA update. Thought it might have gone on another little run.

Now, not so much.

Can't just keep paying lawyers fees for ever I suppose.

Hopefully not too much of a discount.

 

[qldfrog]

I was excited by the bump yesterday on the back of the DA update. Thought it might have gone on another little run.

Now, not so much.

Can't just keep paying lawyers fees for ever I suppose.

Hopefully not too much of a discount.

View attachment 188923

Question is : was the bump insider trading before good news, or manipulation before capital raising