Searchlight Innovations Inc T.SLX

Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.

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Searchlight Innovations Inc > Will Comex Default in July?

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Comment by Mineshackon May 19, 2011 11:08pm

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Post# 18604492

RE: RE: RE: Will Comex Default in July?

I mentioned before of hearing that COMEX longs demanding 5,000 ounce deliveries were receiving as much as a 30% premium to accept cash in lieu of Silver and that 1,000 ounce contracts are always settled in cash. This would suggest that the contractual option to settle in cash only applies to the mini contract.

Clearly, the COMEX must want what Silver is available to be deliverable only to industrial and commercial buyers. Even at $50 per ounce!

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mineshack

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