SVL - Silver Mines

[over9k]

Jeez this is a blast from the past. I was trading this in the GFC.

 

[explod]

Well the chart says I may have picked on a top.

However the news is spreading world wide that silver is in very short supply. Also the action today suggests to me that news could be near. If approval comes for the company to mine their dirt I reckon SVL will fly to one dollar quickly.

The chart:-

 

[Garpal Gumnut]

However the news is spreading world wide that silver is in very short supply. Also the action today suggests to me that news could be near. If approval comes for the company to mine their dirt I reckon SVL will fly to one dollar quickly.

One of the blokes at the bar just said to me " Ya know, gg, silver is in short supply."

Seriously, plod, all the best, I've thought of hopping on.

gg

 

[noirua]

 

[explod]

A tough month for silver and SVL but still anticipating that approval will be granted for the mining to go ahead. And as noted well it has been a tough market for most of our minnows this month.

 

[mullokintyre]

Time for the next run up for SVL.
Silver slowly creeping up again, for the first time in quite a few sessions there are more buyers than sellers.
Average buyin price a tad over 22.5 , looking to exit around 31.
Primed and set.
Mick

 

[mullokintyre]

Silver shares, MKR, SVL and ARD all up 7% today.
Onwards and upwards we go.
Mick

 

[mullokintyre]

Have Chosen SVL for the monthly comp.
The rules say I have to offer my FA or TA reasons.
Well in my case, its because i know FA.
Mick

 

[finicky]

I believe it, picking this one

 

[frugal.rock]

Have Chosen SVL for the monthly comp.
The rules say I have to offer my FA or TA reasons.
Well in my case, its because i know FA.
Mick

Your super thorough analysis has me sold.
I'm in.
That physical squeeze of silver has to be around the corner... ?

 

[mullokintyre]

Your super thorough analysis has me sold.
I'm in.
That physical squeeze of silver has to be around the corner... ?

Just remember, I don't have one of those fancy licenses that lets you give paid advice, anything I say is gratuitous thought bubbles.

 

[Sean K]

Just started following these silver stocks, so not sure what's what at the moment.

These grades look good and are probably worth digging under their open pit for? If it was in gold grams a ton I'd know. Still doing my research...

Interesting turn around in the price, which I've seen on a few silver stocks. I think silver has had an ok run the past few weeks, like gold, so makes sense.

 

[explod]

I'm back with my old favorite for the November comp. News a few days ago that approval to dig is almost certainly going through, probably not till about March but expect interest will rise on that soon.

Good chart of yours above Sean K and it's continued to hold that level.

 

[debtfree]

Nice move yesterday @explod, climbing the ladder now good luck.

 

[noirua]

 

[noirua]

Just started following these silver stocks, so not sure what's what at the moment.

These grades look good and are probably worth digging under their open pit for? If it was in gold grams a ton I'd know. Still doing my research...

Interesting turn around in the price, which I've seen on a few silver stocks. I think silver has had an ok run the past few weeks, like gold, so makes sense.

View attachment 131918

These results are OK but nothing to move the share price sharply. 6 g/t gold = about 460 g/t silver. However, having gold, silver, and lead in the mix can be good or bad depending on the grades. The amount of gold at the Southern pit extension is helpful though the zinc and lead is only of nuisance value. The Bundarra zone result is not that good at all. The North West and Aegan Zone averages 304 g/t silver so OK but only that. Probably why the share price recovery has not moved up that much.
The market is looking for widths of 20 metres or so at the above grades and depths of 191 to 322 metres does show the need for average grades for silver at 460 g/t or better.
Plus side is being the worlds largest potential silver resource and minus is the long delay to production and being cash thirsty.

 

[mullokintyre]

These results are OK but nothing to move the share price sharply. 6 g/t gold = about 460 g/t silver. However, having gold, silver, and lead in the mix can be good or bad depending on the grades. The amount of gold at the Southern pit extension is helpful though the zinc and lead is only of nuisance value. The Bundarra zone result is not that good at all. The North West and Aegan Zone averages 304 g/t silver so OK but only that. Probably why the share price recovery has not moved up that much.
The market is looking for widths of 20 metres or so at the above grades and depths of 191 to 322 metres does show the need for average grades for silver at 460 g/t or better.
Plus side is being the worlds largest potential silver resource and minus is the long delay to production and being cash thirsty.

I have been trading in and out of this stock for at least the 12 years. It has plunged as low as .025 cents to a high of 44.
I try to sell when I have made 10 to 15% profit, and buy in when the price has fallen more than 15% from its most recent high.
There have been a few times when it has not worked and my stop losses cause me to exit with a loss, but that happens with any stock.
And during that time it has not produced a single ounce of silver.
It is but a proxy for the price of silver, and far more profitable than holding physical (which I also have).
It has had numerous cap injections via instos and existing shareholders, some of which I have actually participated.
I will keep trading in and out of it until its volatility stops making it worthwhile.
For me at least, grades , drilling results etc are in many ways, of little consequence.
Mick

 

[explod]

It has been a tough month for silver but in my view the tide must soon turn due to the global shortage. Announcement to proceed will make it go. Any time from now till April so cant afford to be out of it myself. Good volume on the drop yesterday, so we will see.

 

[mullokintyre]

I have been waiting for the correction in Silver for as long as Tevya was waiting for the messiah in Diddler on the Roof.
Both seem to have as about the same chance of turning up.
Mick

 

[mullokintyre]

Ok, have nominated SVL in the annual tipping comp.
Silver will have a comeback at some stage, maybe its this year, and SVL is the primary silver play above 10 cents.
Mick