Post by
inse on Jul 21, 2015 5:35pm
$1.00
It wasn't too long ago when the SP of SilverCrest Mines would weather the storm best amongst it's peers, when PMs or the general markets were in a downturn - SVL would close sideways or even up, and at worst, only slightly down.
On the other hand, when there was an upturn in PMs, SVL was typically one of the first to rally - and the SP increase was often greater than it's peers.
Today, SVL seems totally lost. There is total disconnect between the Company and the SP. SilverCrest Mines as a Company has never been stronger, after completing last year's operational transition, and is in a solid financial position. Yet, the SP continues to decline despite the release of positive news and any rebound in PMs prices.
Maybe someone can explain to me how the SP hit yet another new intraday low of $0.99 and closed at a new "52 WEEK LOW" today. In fact, a closing SP of $1.00 for SVL has not been seen in over 5 YEARS.
I'm losing patience. Quite frankly, this stock is a total P O S. There I said it. SVL is a P O S.