SVL - Silver Mines

[Garpal Gumnut]

Some charts of the Silver Miners ETF on the NYSE. Some levels marked with OBV at the bottom.

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Thanks @DaveTrade for the charts.

I guess at this stage you have to ask yourself two questions.

1. How to I catch a wave like 2010 and 2022 if you only trade long.

2. Are we in such a wave now or is it going to retreat further.

My feelings on Q.1 are there have only been 2 really good profit waves in 13 years.

On Q.2 I believe it will retrace further and if it goes through your support resistance lines the standing aside for a while may be the wiser course of action.

gg

 

[mullokintyre]

SVL have just trashed its share price by giving some people shares at a massive 28%discount to the recent SP.
That capital raising will not even come close to getting a producing mine together, much less a plant to process the ore.
So for me, it is no longer a handy proxy trade for silver, so will ignore it until they have determined how much the mine/plant will cost to get some cash coming in from somewhere other than shareholders.
Moving on.
Mick

 

[qldfrog]

SVL have just trashed its share price by giving some people shares at a massive 28%discount to the recent SP.
That capital raising will not even come close to getting a producing mine together, much less a plant to process the ore.
So for me, it is no longer a handy proxy trade for silver, so will ignore it until they have determined how much the mine/plant will cost to get some cash coming in from somewhere other than shareholders.
Moving on.
Mick

Exactly my thoughts, they are blacklisted untill proven otherwise, it is sad that this was indeed one of the very few silver proxy on the ASX and I do have to move to etpmag..if I remember well the code or US ETFs

 

[DaveTrade]

I think that Silver Miners will break through this 27.5 zone and head lower, the next stop is the 26.5 area.

 

[aus_trader]

The problem is guessing when a decision will be made to get into production...

Will it be when Silver is at US$30/Oz, US$35/Oz, US$40/Oz or higher ? I will be monitoring for future developments with SVL, so it's in my watchlists, but as others have said, there might be better opportunities elsewhere in the meantime.

 

[mullokintyre]

SVL SP now sitting at 15.
Those instos and sophs putting up their shekels for the placement at 16.5 must be a little uneasy that the plebs have dumped the price from the recent high of 23.5 just before the SP announcement.
Unless something unusual happens, like a takeover or something, there will have to be a large increase in silver before that 21.5 is seen again.
Mick

 

[Garpal Gumnut]

SVL SP now sitting at 15.
Those instos and sophs putting up their shekels for the placement at 16.5 must be a little uneasy that the plebs have dumped the price from the recent high of 23.5 just before the SP announcement.
Unless something unusual happens, like a takeover or something, there will have to be a large increase in silver before that 21.5 is seen again.
Mick

I agree, Mick.

I've been in and out of SVL in the high teens and low 20's without much profit.

The only people pushing Silver atm. are the "great reset" such as the people that Daniela Cambone has on her youtubes. Warning DC is chickclick ++, possibly why I watch Stansberry channel.

It will improve if Gold takes off but Gold has failed to respond to its usual triggers, as it usually follows it.

gg

 

[mullokintyre]

I agree, Mick.

I've been in and out of SVL in the high teens and low 20's without much profit.

The only people pushing Silver atm. are the "great reset" such as the people that Daniela Cambone has on her youtubes. Warning DC is chickclick ++, possibly why I watch Stansberry channel.

It will improve if Gold takes off but Gold has failed to respond to its usual triggers, as it usually follows it.

gg

Yeah, we need people like DC to push the great reset, the world is coming to an end, democracy is dead, baby boomers are all bastards, etc etc etc.
Its because of these people that the likes of SVL had such volatility not related to anything real that has made it such a profitable short term trade stock for the last ten years.
It may come back, should it fall to 11 cents or below, I would probably buy back in for the next story.
mick

 

[mullokintyre]

SVL is trading at 14, is now 15% below the Sp at which the cap raise was done, and 40% below the pre cap raising price.
Are the directors in anyway a little uneasy at this fall from grace, especially as they filled their pockets at the cap raising?
Given the roadshow to the US back in September, I wonder if this is all part of a plan to drive the price down so as to allow a takeover bid by one of the US co'S?
Have some low ball bids in at 10, 10.5 and 11.
Wonder if it will get that low or will be held up by the big players.
Silver fell again over the weekend, so kinda surprised SVL did not fall further.
Mick

 

[Garpal Gumnut]

SVL is trading at 14, is now 15% below the Sp at which the cap raise was done, and 40% below the pre cap raising price.
Are the directors in anyway a little uneasy at this fall from grace, especially as they filled their pockets at the cap raising?
Given the roadshow to the US back in September, I wonder if this is all part of a plan to drive the price down so as to allow a takeover bid by one of the US co'S?
Have some low ball bids in at 10, 10.5 and 11.
Wonder if it will get that low or will be held up by the big players.
Silver fell again over the weekend, so kinda surprised SVL did not fall further.
Mick

On the other hand there may be something rotten and untold in the state of SVL and it may go below 10c.

gg

 

[mullokintyre]

On the other hand there may be something rotten and untold in the state of SVL and it may go below 10c.

gg

There has always been something rotten in SVL GG, its called directors.
But that does not preculde me from making money on trades as it waxes and wanes.
The bottom line is, it still has a massive silver deposit at Bowdens, that may or may not yet fall at the last hurdle.
I was travelling from Bathurst through Ryslstone two weeks ago, and there were a lot of signs on farms gates, in shop windows and on cars protesting about the mine.
I asked some of the local shopkeepers in Rysltone about it, and almost all were vehemently against it.
Mick

 

[finicky]

1/ Anything that Kingsgate has touched is an avoid.
2/ There has not been a primary silver mine in Australia in modern times that has made a go of it.
3/ 'Silver Mines' is a cynical attempt to play off the anticipated silver bull market when all the numpties like me and the cynical fickle traders pile into anything with the name 'silver'
4/ All their properties are recognizable from prior bull markets. These prospects are duds that have been dusted off for the next generation of losers.
5/ Silver companies are a proven model for managements to prosper despite failing shareholders.
6/ Every silver company from the last 'bull' went into Admin after hyperinflation of the shares and then the members of management all met with shareholders with their heads bowed and apologized to their shareholders.
7/ That last bit didn't happen

Not Held

 

[aus_trader]

Great points @mullokintyre , @finicky

If the management can be trusted not to piss on the shareholders and dilute them out of existence, I am happy to actually hold some shares for the long term.

Even if there is no urgency to mine the stuff and get some cashflow from the ounces sold, I am happy to know there is value in the Silver underground.

IMO, it's better than physical Silver that you can't really keep safe with too many crooks, robbers, burglars and junkies. Neither could you trust a third party that can hold or safeguard it for you. Given that land titles are pretty safe (in Aus) and given the stuff has got to be mined out over years, no criminal can Nick it in a flash unlike with a Silver stack or stash.

 

[mullokintyre]

SVL have announced they have cleared the final regulatory hurdle for the Bowdens silver mine after the NSW IPC has approved it.

Bowdens Silver Achieves Final Development Approval Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise that the Independent Planning Commission of New South Wales (“IPC”) has approved the Bowdens Silver Project (“the Project”) allowing the Project to proceed to development and production subject to conditions of consent. This follows comprehensive processes by the Company, various Government authorities including the New South Wales Department of Planning and Environment (“DPE”) and then finally the IPC. Silver Mines Managing Director, Mr Anthony McClure, said “the IPC’s decision is the most significant milestone for the Company since we took over the Project in mid-2016.” “Our team has delivered a technically reliable and environmentally responsible project. This decision recognises the significant long-term economic and social benefits the Project will deliver for our shareholders, the State of New South Wales and also the local communities across the Mid-Western Regional Government area.” Mr McClure added; “We now look forward to getting on with delivering the Project. After the significant upgrade to our Mineral Resources as announced last week, the Company is undertaking a significant optimisation program updating the Bowdens Silver Feasibility Study.” The Bowdens Silver Project is located in central New South Wales, approximately 26 kilometres east of Mudgee and is Australia’s largest undeveloped silver deposit and one of the largest globally. The mine’s 23-year life, including 16.5 years of silver production and byproducts of zinc and lead, underpins significant value potential for Bowdens Silver. The project has substantial potential expansion opportunities. This document has been authorised for release to the ASX by the Company’s Managing Director, Mr Anthony McClure. Further information: Anthony McClure Christina Gardner Managing Director Account Director Silver Mines Limited M+C Partners +61 2 8316 3997 +61 438 117 28

Mick

 

[mullokintyre]

SVL have announced they have cleared the final regulatory hurdle for the Bowdens silver mine after the NSW IPC has approved it.



Mick

And how many here knew that this was a controversial mine?
first time I have heard those words used.
From Controversial ABC News

The NSW Independent Planning Commission has conditionally approved a controversial lead and silver mine in central-west NSW.

Key points:​

• The controversial mine was referred to the Independent Planning Commission after receiving more than 1,000 objections
• Local residents are concerned about environmental and human health impacts
• The proponent says the mine is the largest undeveloped silver project in the country

The Bowdens Silver Mine is a proposal for an open-cut silver, lead and zinc mine near the village of Lue, east of the popular tourist town of Mudgee.

The mine would extract and process about 30 million tonnes of ore over a 23-year lifespan.

The commission acknowledged community concerns about human health, water sources, social impacts, Aboriginal cultural heritage and biodiversity when making its decision.

However, it said it was satisfied the project could meet the relevant requirements for protecting human health and safety and that, on balance, the project was in the public interest.

During the approvals process the project received almost 2,000 public submissions, with more than half objecting to the mine.

The commission also acknowledged concerns about dust containing lead impacting humans and collecting in nearby soil and water tanks, but said it was satisfied total exposure to all metals would remain below levels that were likely to result in health impacts.

Fairly obvious that the ABC does not approve of this mine.

Mr McClure said some in the community had been spreading misinformation about the mine proposal.

"[The assessments] have not indicated any detrimental effects to health and there's been a bit of scaremongering in the community, but that's a bit of a sideshow really," he said.

"The science has been done and the authority has been granted."

Ah of course," TheScience "(TM).
Mick

 

[divs4ever]

And how many here knew that this was a controversial mine?
first time I have heard those words used.
From Controversial ABC News

Fairly obvious that the ABC does not approve of this mine.


Ah of course," TheScience "(TM).
Mick

intriguing timing ( of the ABC showing the protests )

Royalco ( RCO when it was listed ) and KCN were trying to develop this resource 10 years back

given the proposal ( i saw ) is for an open pit and underground mine ( apparently ) progressing in parallel , i would have thought the unions ( using 'health and safety ' ) would have been the monkey wrench

now maybe there will be heap leaching and tailings dams , but they are fairly common in mining

 

[Sean K]

Gee, March was good to SVL holders. Perhaps the recent MRE upgrade and development approval was out there. Must be the only decent silver play on the ASX except for S32 perhaps, even though it's mostly byproduct for them.

Might have had something to do with the silver price too.

Silver under $20 looks like it might have been a good play.

 

[qldfrog]

Gee, March was good to SVL holders. Perhaps the recent MRE upgrade and development approval was out there. Must be the only decent silver play on the ASX except for S32 perhaps, even though it's mostly byproduct for them.

Might have had something to do with the silver price too.

Silver under $20 looks like it might have been a good play.

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Especially to the mates of the board, less to the commoners

 

[Sean K]

Especially to the mates of the board, less to the commoners

Not across that bit.

Silver seems to have run a bit hard short term to me and there's some longer term resistance around this level, so must be a pull back at some point.

But, the 1.4Bt exploration target has me intrigued. That's a serious ramporama.

 

[qldfrog]

Not across that bit.

Silver seems to have run a bit hard short term to me and there's some longer term resistance around this level, so must be a pull back at some point.

But, the 1.4Bt exploration target has me intrigued. That's a serious ramporama.

Look at post #169
In February , the board did a massive SPP dilution, but only between peers, no share holders access
It is as crook a board as a board can be , only IMHO.
Obviously having silver in its name, it kind of follow the silver price..but trading only,i doubt they will ever do something proper with these assets unless bought back by a serious player, and only if the board members get a very sweet deal.
I put RED in the same wagon but at least they do produce a bit now.
All your post on silver itself, I agree...