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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Bullboard Posts
Comment by fabdaqon Sep 05, 2011 12:01pm
475 Views
Post# 19012086

RE: Here's my take

RE: Here's my takeI believe many of us held thru the 08/09 financial crisis.  I held on to all of my PM shares thru that fiasco believing PM's would be the safe haven the market was in need of.  Boy was that wrong - G falls to 13, silver wheaton low single digits same with ivn and of course this one virtually had me wiped out on paper.  All my stox got so low I virtually cried but they were so low I had to hold them as they were worthless.   Well the PM stox (not really the physical) got slaughtered in the panic of the crisis but roared back since.  Look at slw, ivn, g etc (all the PM's eventually storm trooped through there pre crash highs and then some.  Anyway I believe that there can be a long overhang over this.  Even with the tour and a special divvy this may be out of favour a while and may sink lower (though I hope not).  Now I'm sure I wasnt alone in the above scenario so I will do the same - sit and hold tight.  As I previously mentioned if it goes even lower its an easy gem for a tfsa - glta!!  
Bullboard Posts