This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

SVL - Silver Mines

Jump to new

Yep.. I'm looking at a few silver stocks and have been watching SVL and IVR.

Seems like catching a falling knife going in at 8c as they have so little cash in the kitty... but will watch with interest.
 
Chasero said:
Yep.. I'm looking at a few silver stocks and have been watching SVL and IVR.

Seems like catching a falling knife going in at 8c as they have so little cash in the kitty... but will watch with interest.
Click to expand...

Hope you sold at their high today it would have just about doubled your money at 8c but as quick as it went up on positive news it came back down just as fast.
 
The price slump of silver hasn't done SVL any favours:



But as spot silver prices look like recovering, SVL should follow. Recent buying at the Lows seems to support that theory/ hope. I'd be happy if SVL traded back up into the range it was in late last year:
5 - 5.5c would do me.



Disclosure: I hold already.
 
Good Morning Australia,

We are very long on Silver! After such a kill on the silver stocks their upside potential in a new silver upleg is
vast.Some will say gargantuan.
SVL offers a tremendous stockwork with bonanza grade and significant width(economical)this in a remarkable
series of lodes (IP).
Achilles' heel remains dilution,tonnage,cash level and retail buying (Bergen?).But Webbs Silver is able to move into
a very profitable low-cost,high-margin project.All this in a unique position (NSW) compare to the rest of the world.

Cheers from European's Investors .
 

Well, hello European's Investors. Interesting first post

 
Thanks Country Lad

Grade is KING ! A chart from Hell can drive to Heaven!
Just take a look at Dr Dambisa Moyo 'THE WINNER TAKE ALL' and the avice from Jim Rogers on it.
The super-cycle is NOT over.

Motion and (e)motion. BR
 
The O'Brien project, located in Abitibi-Témiscamingue, Quebec, covers 4.5 km along the Larder-Lake-Cadillac Fault. The project is home to the former O'Brien Mine which produced 1.2M metric tons at 15.25 g / t Au for 587,121 ounces of gold between 1926 and 1957; InnovExplo, March 2018. Since 2016, the company has completed more than 32,000 meters of drilling at the O'Brien project with the main objective of increasing current resources. In 2017, the company discovered the Vintage Zone north of the O'Brien deposit. Recently, Radisson released an update of current resources resulting in a 95% increase in Indicated resources.

http://www.radissonmining.com/
 
Silver Mines suspended from trading this afternoon pending a response to a price and volume query. With the silver price heading north and assay results pending from recent drilling at the Barabolar Project, there could be good news coming up for SVL.

 
I have chosen SVL for this months tipping competition.
The price has broken out from consolidating for a few months on decreased volume within the control bar of 22nd Oct.
Volume has picked up leading to the breakout.

 
That's funny, here I am again trying my luck with SVL in the monthly tipping comp.
This time around I like the consolidation on falling volume over that past 7 days.

 
The SVL share price has shot up from 4.5c to 15.5c in the last month and I'm trying to figure out what could account for that kind of gain.

Silver price is up from US$15.10/kg to US$17.30 over the same period.

On 31 July the company advised that its application for participation in the Australian Taxation Office's 2019-2020 Junior Minerals Exploration Incentive ("JMEI") program has been successful. As a result SVL will receive JMEI tax credits of up to A$1,237,500, which can be distributed on a pro-rata basis to shareholders who subscribe for and receive fully paid ordinary shares in the issued capital of the Company as part of its capital raising activities conducted between 1 July 2019 and 30 June 2020.

This would include the $2.75 million capital raise announced on 5 July which saw Sprott Asset Management LP of Canada subscribe for A$1 million of the placement.

But I can't see how those factors together can account for a gain of over 300% in the SVL share price, unless there's something I'm missing.

Anyone following SVL or have some insight into what is driving the share price?
 
Top pick for CY2020 competition. What is interesting is SVL was well supported by institutions including the resource investment group Sprott asset management which is known to take early strategic positions in resource companies with good potential. SVL's Bowden Silver project is considered as one of the largest undeveloped Silver deposits according to research reports, with a large resource already proved from drilling. Share price is highly leveraged to Silver (Ag) spot price, so hoping for a big year for Silver in 2020.
 
Just wondering if anyone got Rick Rule to evaluate their mining portfolios a month or so back?
I got him to do mine and I included SVL which Rick is an investor in and he rated it "SVL.ax Silver Mines Ltd – 6, marginal, but only Aussie silver play"
 
I have also done a fair bit of searching for pure Silver plays on the Aussie market and there is hardly any. This was surprising to me, given there are hundreds of Gold plays in our market.

I have found a few of them but most were part Silver plays in a diversified miner/explorer or the projects were too small to be economically mined unless Silver price went to 3 figures or something
So I have to agree with Rick Rule who is a veteran resource and mining investor, that SVL might actually be the best pure Silver play on the ASX in my humble opinion.
 

Yes there are very few pure silver plays on the ASX and its the same world wide when you compare the amount of gold stocks to silver stocks on any given exchange. I like ARD too in the ASX silver space but as you said it is dependant on silver prices going on another rocket ride to make it economic , even then I would be a bit unsure whether it would actually get around to being mined by current management.
 
SVL is my top pick for 2020, I’ve seen it mentioned a few times around the tinternet, as folks are looking for ways of playing Silver; that’s what drew me to it. Not much more I’m able to add other than what’s been said on the specifics of SVL.

Generally looking globally to play Silver, the Silver to gold ratio seems too high for me, people like Bob Moriarty and Jeff Clark are shouting it loudly too(well they would wouldn’t they).

Anyway, pulled up a pew here.
 
DA in for Bowdens Silver project
Raised $12 million in May.
EIS completed and submitted to relevant authorities, says life of mine is 14.5 years.

Probably a few more cap raisings before they actually start producing silver.
 
I am a committed silver bug, have been for many years. Have been trading SVL up and down for the past 12 months as it has some big swings both intraday and over longer periods.
As many have noted earlier, there is a dearth of pure silver plays on the ASX. Silver is generally mined as by product , often in conjunction with lead or Zinc. Australia's largest Silver mine is Cannington, once owned by BHP , but spun off into South 32. It has an estimated mine life of 25 years (in 2010), and for a while was the lowest cost producer in the world. So S32 might also be an option for those considering exposure to silver. Like most silver bugs, I expect one day that those crims who run the LME and abuse the paper COTS will one day day get their comeuppance, and silver will soar free like a bird, along with some untold riches for me.
 
You must log in or register to reply here.

Similar threads

May 2024 DDD
2 3 4
Replies
69
Views
7K
qldfrog
February 2025
2 3 4
Replies
64
Views
6K
ducati916
R
21 Lessons in Investing
Replies
6
Views
3K
divs4ever
R
Best Books I Read Last Year
Replies
18
Views
4K
MDWake
All trading needs to cease for 14 days prior to Monday open in Sydney
2 3 4
Replies
75
Views
11K
divs4ever
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...