Guanajuato Silver Company Ltd GSVRF

Primary Symbol: V.GSVR

Metals & Mining Industrial Metals & Minerals

Guanajuato Silver Company Ltd. is a Canada-based precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mines Complex (El Cubo), Valenciana Mines Complex (VMC), and the San Ignacio mine (San Ignacio); all three mines are located within the state of Guanajuato. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. The Company conducts business through its four operating mines and three processing facilities.

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Guanajuato Silver Company Ltd

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Post by ErinBrockovichon Feb 07, 2024 7:41am

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Post# 35866917

Shorting GSVR At This Price Is Not Smart

 		The chance of the share price dropping lower (so they can actually make money on the trade) are a lot less than the chance the share price goes up with a rising market and puts them underwater. Someone that shorted in say april 2023, sure they were shorting near an intermediate top and probably did well, but shorting at or near a low seems like playing with fire.
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 		6 Feb 2024, 14:14

 				 
@bedrag@lexcon totally agree Lex. Of course anything can happen but with sentiment at or near all-time lows both in this stock and the sector as a whole, a whole lot of bad news has been priced in already and virtually no good news has been. At some point when a sector is as washed out as this, stocks begin to stop selling off on bad news (or perceived bad news). 