Post by
silver300 on Nov 01, 2019 9:03pm
Why no action?
I am new here so if there is a story everyone but me knows about please inform me of it. Much appreciated.
My question is, why is there no action on the Fuwan Silver project? It appears to be dead as a door nail. I see several news releases about quarterly reports and a deal gone bad but what about the main asset that the company is supposed to be advancing?
Comment by
Mineshack on Nov 20, 2019 11:20am
Shares once traded over $7 and then government permits became a long-term issue. Today, investor's hope is for the company to make profitable use of the $44.5 million on hand. The Fuwan continues to offer potential for shareholders and the Guangdong Province. The company may be entertaining other opportunities though. .
Comment by
silver300 on Nov 20, 2019 11:58am
Thank you Mineshack. I hope MSV does not give up the ghost on the Fuwan project. If MSV is looking for other opportunities in the meantime they should simply invest the money in physical silver stored in a private (non-bank) vault.