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Silver Bull Resources Inc T.SVB

Alternate Symbol(s):  SVBL

Silver Bull Resources, Inc. is a Canada-based exploration-stage company. The Company owns a number of property concessions in Mexico within a mining district known as the Sierra Mojada District, located in the west-central part of the state of Coahuila, Mexico, near the Coahuila-Chihuahua state border approximately 200 kilometers south of the Big Bend of the Rio Grande River. The Sierra Mojada Project site is situated to the south of the village of Esmeralda, on the northern side of a major escarpment that forms the northern margin of the Sierra Mojada range. The principal mining area extends for approximately five kilometers in an east-west direction along the base of the precipitous, 1,000-meter-high Sierra Mojada Range. The Sierra Mojada Project comprises over 20 concessions consisting of approximately 6,496 hectares (about 16,052 acres). The Sierra Mojada concessions contain a mineral system which can be separated into two distinct zones: a silver-rich zone and a zinc-rich zone.


TSX:SVB - Post by User

Post by Heywood_Silverson Apr 17, 2021 11:43am
251 Views
Post# 33017120

SVBL is a curious case

SVBL is a curious caseSeems that management is freaking out that the apathy of the shareholders is potentially going to affect their ability to maintain the 30% ownership interest in the Sierra Mojada project.  Well, maybe when the share rollback was initiated they should've left the original shares outstanding cap alone.  If the shareholder's signed off on the rollback, we would've had no problems in leaving the original cap amount alone.

Now, management is scrambling.  Short sighted to a certain extent if you ask me.  For the record, I did vote my shares yes to the increase in cap limit.
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