SVL - Silver Mines

[Sean K]

$33m @ 12c.

Fair discount but it had run up pretty quickly only recently.

Should keep the lights on for a few months.

 

[frugal.rock]

Bit slow off the mark probably for the CR. Should have been ready with documents just needing a date!
Chart looks good, higher highs and lows.
I was annoyed I didn't buy it recently under 10 cent, but that train has left the station.
All in all, it's looking a decent buy point around this area. Just my opinion and I'm not holding.

 

[Sean K]

Anyone noticed how many capital raises have been going on recently when explorer/developer companies don't actually desperately need the cash. On top of that they're raising quite a bit of money well above what you'd normally see to just get through the next year or so and the institutions and sophs are lining up. Is it a sign of over exuberance? Seems to me like the cat is out of the bag on the precious metal bull market for the plebs that's actually been thumping for ages.

Anyway, just thinking out loud.

Unfortunately for SVL, that CR killed the upward trend and did some technical damage to the SP. That blue line should have been good support, but with a 12c CR it was smashed. for a recovery and they go back to their knitting and concentrate on getting the DA done and dusted.

SPP is at 12c. Why bother?

 

[qldfrog]

Anyone noticed how many capital raises have been going on recently when explorer/developer companies don't actually desperately need the cash. On top of that they're raising quite a bit of money well above what you'd normally see to just get through the next year or so and the institutions and sophs are lining up. Is it a sign of over exuberance? Seems to me like the cat is out of the bag on the precious metal bull market for the plebs that's actually been thumping for ages.

Anyway, just thinking out loud.

Unfortunately for SVL, that CR killed the upward trend and did some technical damage to the SP. That blue line should have been good support, but with a 12c CR it was smashed. for a recovery and they go back to their knitting and concentrate on getting the DA done and dusted.

SPP is at 12c. Why bother?

View attachment 206092

Just bought in again at $0.1175 after your post..my new entry. And a small parcel

 

[mullokintyre]

Just bought in again at $0.1175 after your post..my new entry. And a small parcel

Against my better judgement, I bought back in this morning.
Silver at 42.50 USD and SVL below 0.15 was just too tempting.
Mick

 

[qldfrog]

Against my better judgement, I bought back in this morning.
Silver at 42.50 USD and SVL below 0.15 was just too tempting.
Mick

off loading half my parcel at 15c if you are keen

 

[qldfrog]

off loading half my parcel at 15c if you are keen

thank you, done

 

[mullokintyre]

thank you, done

Nice Work, Frog, no one ever went broke making a profit.
Mick