NYSEAM:SVLC - Post by User
Post by
netgenxon Feb 20, 2014 11:36am
250 Views
Post# 22230234
bought deal - good news/bad news
bought deal - good news/bad news
first, nothing too surprising here. Stock was at an all time high, and the number one rule in mining is to raise money when you can, not when you need to. Historically, post-PDAC mining shares take a bit of a breather, so I suggest this is probably as good as it gets. If you look at a five year chart, 4 of the last 5 years we have traded down from here. My guess is that at some point this year we see $2.20 again. As for the $40 million line of credit, you'd be surprised at how quickly those funds can disappear if the bank doesn't like the market. What's the worst that can happen? They don't use the money, and it goes to buy back shares at some point. I can live with that...