SVL - Silver Mines

[qldfrog]

Still waiting here,what a dog?

 

[explod]

Have picked SVL for January and the Annual comp.

So can we call it an incomplete rising head and shoulders. Suggestions welcome.

Approval to commence digging at Bowden's just a public service stamp away this is going to make me smile soon. I think, what's that???, no move over to feelings, much better on the head. Good luck for the year to all.

 

[Springs]

Silver Mines Ltd is the other pick in the yearly comp silver gold ratio is out of whack undervalued SVL with projects like Bowdens silver project in central NSW lots to like silver is ready to run always dyor my opinion Springs .

 

[qldfrog]

Silver Mines Ltd is the other pick in the yearly comp silver gold ratio is out of whack undervalued SVL with projects like Bowdens silver project in central NSW lots to like silver is ready to run always dyor my opinion Springs .

I own but if i remember well for the last 10y or so??? Svl has been around and has so far not produced one tiny bit of anything.
Is my memory wrong? So my hope is that this dog will surf the silver narrative..but i could not care less about their next announcement about.. whatever
Svl value is more like a meme crypto currency in my view but as long as a sucker can buy it from me higher?

 

[divs4ever]

I own but if i remember well for the last 10y or so??? Svl has been around and has so far not produced one tiny bit of anything.
Is my memory wrong? So my hope is that this dog will surf the silver narrative..but i could not care less about their next announcement about.. whatever
Svl value is more like a meme crypto currency in my view but as long as a sucker can buy it from me higher?

has a big but complicated resource ( i used to hold RCO ) , but seems intent on a big complex plan , to extract the resources

i worry about complicated projects especially when they don't have a solid income from existing projects ( think NCM when they were having problems with an acquisition )

i do not hold SVL

my other concern is the price suppression of silver over many years , i suspect that sort of chicanery will continue for years into the future

i am thinking buyers/holders will need a lot of faith and patience

 

[mullokintyre]

some more promising infill drilling might give the stocks a boost.
Still a great trading stock, just need it to get to 22.5 to get my 10% profit from most recent purchase.
Mick

 

[mullokintyre]

Parcel taken out on the open.
Still have a chunk purchased at higher prices, but more than happy to wait.
Mick

 

[mullokintyre]

Silver hit 33.50 AUD over night after it had closed at 31.96 on Jan 17.
Some momentum building in Silver.
Looking to sell my next parcel at .255
Mick

 

[explod]

SVL has developed firm support around the 20 cent area. Gold and silver also appears close to a considerable breakout.

A few days back the NSW premier announced that they would be increasing support for commodity production. This will certainly confirm the development approval we seek for one of the best silver inground concentrations on a world scale.

My pick for the March comp

 

[Garpal Gumnut]

SVL has developed firm support around the 20 cent area. Gold and silver also appears close to a considerable breakout.

A few days back the NSW premier announced that they would be increasing support for commodity production. This will certainly confirm the development approval we seek for one of the best silver inground concentrations on a world scale.

My pick for the March comp

View attachment 138315

Beat me to it.

All the best.

gg

 

[mullokintyre]

Had a sell taken out on the open today.
Been in for a few months no, still have plenty to go above 25, 28 and 34 cents.
Mick

 

[noirua]

First half 2022 earnings: EPS misses analyst expectations​

First half 2022 results: AU$0.006 loss per share (down from AU$0.001 loss in 1H 2021). Net loss: AU$6.97m (loss widened AU$6.02m from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%. Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 64% per year.​

 

[explod]

It's really just puddling along at the moment and following the price of silver. Approval to mine should come through in the 3rd quarter however CEO interviewed a few days back stated that the extent of silver, gold, zinc and lead continues to increase. Going to be a great one IMHO DYOR

 

[mullokintyre]

View attachment 139742

It's really just puddling along at the moment and following the price of silver. Approval to mine should come through in the 3rd quarter however CEO interviewed a few days back stated that the extent of silver, gold, zinc and lead continues to increase. Going to be a great one IMHO DYOR

Will be a great one, but there is going to be at least one big cap raising before they actually mine and mill the orebody.
Holding off buying more until that cap raise pops up, which as per usual will be at a significant discount to the VWAP, which is when I will add some more.
Mick

 

[Iron Triangle]

I've been watching SVL for past year or so , I personally like it but was told to avoid it so just watching ,I had a quick look at the chart and $14.80 high to 0.23c 10 years later it doesnt seem logical ? anyone know what happened ?

 

[mullokintyre]

If you want logic, don't play the stock market.
Its a trading stock, not one to hold for any length of time.
Mick

 

[UMike]

If you want logic, don't play the stock market.
Its a trading stock, not one to hold for any length of time.
Mick

esp if you bought in over $10

 

[explod]

Most of the community did not want this development in their area. It has taken the company a long time to turn that around. Finally there seems to be a consensus for it to be developed and the final stages for approval by the Government is expected around August.

The excitement back then was the huge discovery of such a major silver resource. I'm into this well myself as it won't take long for the old high to be reached again. IMHO DYOR

 

[signalFollower]

not much happening on this thread ? I haven't caught up on the announcements reading for a while, but how does everyone see the permitting progressing for SVL, roadblocks ?

 

[mullokintyre]

Nothing is happening in this thread cos like everything else, its on a downwards spiral, which is why I have chosen it for the July comp.
When you have no real money in the game, not a lot of thought tends to go into it.
Mick