Australian (ASX) Stock Market Forum

SVL - Silver Mines

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Have picked SVL for the February competition. Influenced to some degree by a jump in the silver price last Thursday by 8%, it was reduced to a 4% rise on the NY close. However this repeated on Friday night but again knocked down by the US close. But culminated in a rise of 8% over the closing two days.

There has been considerable discussion across the globe in the last few days relating to a physical ounce of silver to now 1000 paper contracts. Because physical silver for delivery is growing exponentially the paper system is in trouble. So we look, in my view to an interesting week coming up. SVL reacts well to any silver price change so I'm optimistic. It had a good jump up Friday on increased volume:-

1612068275655.png
 
Silver may do well, if things come to pass. Whether this eventuates is another matter

Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver​

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
qldfrog said:
worked well, cashed back initial bet, running the profit: 5k of shares to run or crash..ETFMAG doing very well as well, so far total portfolio well in green while many systems are having heavy losses..thanks Silver
Click to expand...
Absolutely. Rise feels too good, completely cashed out now myself, hoping for any pullback.

All this reddit SLV chatter, feels a bit hot air and SVL had announcements the right time. Long and strong physical but anything paper related I’m trading in this week.
 
A cash raise often throws up an opportunity if we miss an entry point. Silver remains reasonably steady and should breach US$30 before gold returns to challenge US$2,000. It is probably true that the exit from gold and to a lesser extent silver was to have a punt into Bitcoin, Ethereum, or Zcash, etc. For that reason timing is uncertain.
 
There is going to have to be some serious fund raising, the infrastructure needed to actually develop the mines and processing will not come cheap.
Hope it means the price will fall a bit to allow another entry.
 
SVL now at 22c having fallen out of bed due to a dastardly cash raising. A big silver project for this minnow so a to and fro situation as it tries to feed the hungry mine development. Difficult for investors to know here what to do as the hungry miner feeds on dollars. Like a seal, it laps up all on offer so the company needs to increase certainty to save this investment from becoming a gambler's punt and hope for the best.
 
Well I'm back with SLV for the Comp this coming month which has flatlined of late due to the drop in the silver price. Only my view, but I believe gold and silver are due to rise soon, particularly silver as physical is getting very hard to obtain of late. As can be seen SVL is very sensitive to any change in the silver price.

The chart:-

1617170209335.png
 
I've added SVL now as the share price around 20c to 22c looks a reasonable punt IMHO on a silver price recovery - could be wrong, however. The giant silver recovery here will take a long time to bring onstream fully so cash has to come from somewhere - that's the downside. but just maybe the shares could have reached a floor?
 
Just cannot stay away from this stock. They have the biggest in ground silver mine in Australia and looks as though their mining lease applications will succeed. Early days of course but with the growing shortage of physical silver world wide it should only go up IMHO.

The chart looks ok to me also. Note the rise a few months back when the silver price jumped up. I'm invested in them but please do your own research.

1619993678834.png
 
explod said:
Just cannot stay away from this stock. They have the biggest in ground silver mine in Australia and looks as though their mining lease applications will succeed. Early days of course but with the growing shortage of physical silver world wide it should only go up IMHO.

The chart looks ok to me also. Note the rise a few months back when the silver price jumped up. I'm invested in them but please do your own research.

View attachment 123680
Click to expand...
Explod, i want to share your enthousiasm but my plays with Regis and Beach petroleum burnt me a big way: small players are at the mercy of sudden SPP, or single bad news
 
qldfrog said:
Explod, i want to share your enthousiasm but my plays with Regis and Beach petroleum burnt me a big way: small players are at the mercy of sudden SPP, or single bad news
Click to expand...
Too true, a small speck and a punt and do not have too much in it but added another 30% last week
 
explod said:
Too true, a small speck and a punt and do not have too much in it but added another 30% last week
Click to expand...
I was in 6/01 at 26c and still to reach that level back after the peak.
.only kept invested the profit of the sale at 32c early February so can not complain but not for weak hearts
 
www.proactiveinvestors.com.au

Silver Mines advances optimisation program to update Bowdens Silver Project feasibility study

Deep Dive - Silver Mines Ltd
www.proactiveinvestors.com.au

Diamond drilling continues to test extensions of potential source/feeder structures within and around the Northwest High-Grade Zone which has recently returned high-grade results of:

  • 34.6 metres at 471 g/t silver equivalent (413 g/t silver, 1.14% lead and 0.39% zinc) from 96 metres which includes:
  • 7.0 metres at 1,090 g/t silver equivalent (966 g/t silver, 2.86% lead and 0.56% zinc) from 97 metres; and
  • 6.1 metres at 874 g/t silver equivalent (789 g/t silver, 1.67% lead and 0.59% zinc) from 122 metres.
 

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