SVL - Silver Mines

[Sean K]

Kinda scratching my head over SVL today.
Silver powered through 30 bucks on the US market Friday night, and continued its advance through 31 today on asian markets.
And yet SVL has been sold don by 12% on some pretty large volume, and there has abeen a biginflux of sell orders.
Still not game to go again, will wait to what happens on US market tonite.
Mick

Yes, unexpected. I thought it was going to go the other way, especially after Friday's candle.

 

[qldfrog]

Yes, unexpected. I thought it was going to go the other way, especially after Friday's candle.

Hey, i might be able to reenter cheaper than when i sold after the debacle

 

[Sean K]

SVL need to put out a harder plan around getting the new application in that includes the power line route. They've already done the work on it and identified options which includes just following the current lines in the region. They should be able to just add it as an annex to the original application that was approved by everyone and done! Hop to it Jo!! There's a 50% stag for the taking.

 

[Sean K]

SVL still hanging around the capitulation price on the news that some rabid locals had won their case that a power line wasn't thought about too much. I thought the SVL team would have got out a more definitive plan to put back on the table last month but surely it's this month. Once that's resubmitted and we have the detail the market should push it back to it's price before that news. Surely two months is long enough to write a power plan annex X to the application.

 

[mullokintyre]

Historically, SVL is always been about the admin staff keeping the thing going so they have a nice income.
The slow progress merely continues that theme.
I doubt that the current regime never really thought they would be bringing the mine into production.
They are milking it till someone else comes along and takes them over.
In the meantime, we play the trading game as it reflects the silver price.
mick