explod
explod
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SVL - Silver Mines
- Thread starter yogi-in-oz
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one of my stock of the year competition selection: what not to like in PM in the coming year
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I paid 21.5c back in April 21 so nothing much has happened since then. With the new year ahead and the Ukraine problem set to continue on it could exceed World War One in length - 1914-18. In troubled times the US dollar gains strength as it has done and it looks unlikely to weaken that much in the year to come in my view. Gold and Silver both look poised to recover though I doubt by all that much in 2023, maybe 5% to 15% for gold and 10% to 20% for silver at a guess in USDs, that could see SVL back to 30c during the year. I havent increased my holding and will just sit on them.
explod
explod
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Sold out of SVL a couple of days ago. Approval coming through but feel it will take a few years to start to produce. Will be costs in the meantime. So all in PLS for myself now.
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Something odd happened in SVL.
There has been a large removal of buy orders over the past few days.
On Monday, the bid an sells were about 14mill and 12 mill respectively.
Today, the bid is sitting at around 14mill still, but the sellers down to 4mill.
The figures are often volatile, but not to that extent.
Maybe a time for it to get back to hose dizzying 30cents heights.
mick
There has been a large removal of buy orders over the past few days.
On Monday, the bid an sells were about 14mill and 12 mill respectively.
Today, the bid is sitting at around 14mill still, but the sellers down to 4mill.
The figures are often volatile, but not to that extent.
Maybe a time for it to get back to hose dizzying 30cents heights.
mick
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up to 8 mill on the sell side, still a bit below recent times.
Anyway, looking at the Quarterly released today, the are barely two quarters of funding left.
Will have to go to the market before the end of this quarter i would reckon.
Sold most of what had left this morning, keeping a small parcel just in case.
I am betting that i can buy back in later when the cap raise is announced.
mick
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Silver shot back above 24 bucks, but SVL struggling to get past 22.
Think a lot of the punters also waiting for the cap raise.
The company may well do a sneaky on me and raise some cash from sophs and instos without going to the general pop, then I will be buggered for a while.
Mick
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After being screwed by BGL, I decided to force an exit but keep a few shares for the coming SPP..or cap raising in more direct lingua
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Got a rather odd letter from SVL today asking shareholders to basically lobby the Independent planning Commission (IPC) to approve the Bowdens silver project.
Maybe they are worried?
Interesting that they did not put out an ASX release, so obviously don't think its price sensitive.
Was it the reason for low sp of recent days?
SP down as low as 18.5.
I have some low ball bids in at 17, which may or may not get filled.
Mick
Maybe they are worried?
Interesting that they did not put out an ASX release, so obviously don't think its price sensitive.
Was it the reason for low sp of recent days?
SP down as low as 18.5.
I have some low ball bids in at 17, which may or may not get filled.
Mick
explod
explod
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Yes, I did too. Put in your support and we will see. Even with full approval they then have to get the mining going.
Reckon they will but a change in price could be a long way off. Just my take DYOR
Reckon they will but a change in price could be a long way off. Just my take DYOR
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And right on cue we have the trading halt for cap raise.
have to wait to see how much of a discount they had to give the sophs and instos to get it over the line.
Mick
have to wait to see how much of a discount they had to give the sophs and instos to get it over the line.
Mick
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let's see how many I can get for cheap, with my paltry portfolio... I sold at a loss last week but no regret.
thanks for the various posts here which alerted me to the situations, you can easily not check often enough and get stung
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eh you sucker shareholders, you will get nothing, only between mates LOL
Just read the placement papers, unless misunderstood, yep was a very good move to get out
Garpal Gumnut
Ross Island Hotel
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I got out of SVL last year.
It never seemed to have the vibe with price.
I'm glad I'm ...
a. not a shareholder and
b. not sophisticated that anyone knows anyways although I reckon I've got panache.
Its crossing between funds at 0.1575 atm. so I reckon it will find some consolidation around the sophisticated price of 0.16
gg
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Destroyed a whole lot of shareholder value for a cap raise that does sfa to build the mine.
To top it off, directors lined their pockets.
Where is ASIC when you really need them.
not going back into this one unless I can find some compelling reason.
Mick
To top it off, directors lined their pockets.
Where is ASIC when you really need them.
not going back into this one unless I can find some compelling reason.
Mick
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looks like i made a correct decision ( for me ) here , by avoiding this thinking taxable profits ( and therefore potential divs. ) were too far away for my needs
would love to see this be a success whether i have skin in the game or not
i blew up a fair amount of cash on KCN and RCO over this project
Garpal Gumnut
Ross Island Hotel
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I'm sorry for your loss, Mick.
Many mining outfits like SVL will be doing this.
The executives and board always seem to be included with the instos and sophisticated people in cheap stock. Often magically stock appears for sale at a 40% gain holding the price down for diggers some time down the track.
Inflation is hitting them hard, fuel, power, wages, machinery hire or lease, taxation etc. , so they do need the money.
I'm sure you are aware of the mining cycle but this article from kitco a few days ago jolted my memory and I saved it for future reference on buying or selling miners.
The mining life cycle
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
www.kitco.com
gg
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l sold out most of mine last week ( see post # 147 )I'm sorry for your loss, Mick.
Many mining outfits like SVL will be doing this.
The executives and board always seem to be included with the instos and sophisticated people in cheap stock. Often magically stock appears for sale at a 40% gain holding the price down for diggers some time down the track.
Inflation is hitting them hard, fuel, power, wages, machinery hire or lease, taxation etc. , so they do need the money.
I'm sure you are aware of the mining cycle but this article from kitco a few days ago jolted my memory and I saved it for future reference on buying or selling miners.
The mining life cycle
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.www.kitco.com
gg
Still have. Few that will allow me to go to next shareholders meeting and ask a few pertinent qestions .
Maybe even a few impertinent ones as well.
mick
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Some charts of the Silver Miners ETF on the NYSE. Some levels marked with OBV at the bottom.
