Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 RichyRich$on Dec 10, 2015 11:28am
301 Views
Post# 24373058

RE:RE:RE:Never Easy Trying to Catch a Falling Knife

RE:RE:RE:Never Easy Trying to Catch a Falling KnifeSmino... when the fundamentals are good, I don't care about location. Africa is actually way more risky than China. Keep in mind its a Canadian company and the relations between Canada and China are well. Silvercorp head office is in Vancouver and Vancouver has a lot of Chinese immigration and business ventures in Vancouver. There's a lot of knowledge pooling and labour transferring between Vancouver and China, the last thing the Chinese government would want to do is screw a good old Canadian company. Plus they're making good royalty money off the mines. What I do when another stock is up, is switch them up. Last spring SVM rallied 30% harder than YRI. So I sold half SVM for YRI. The tide then turned and YRI rallied 30% higher than SVM as it tanked after the U.S. delisting. So I sold half YRI and bought back SVM lower. I like to play the deviations and it worked like a beauty this time. If the fundamentals are similar among your holdings, take the shopping cart analogy and throw in the best deals. Keep in mind its all just a game Wall Street and Bay Street play. They want it to rally hard just as much as we do, because its so low and the downside is limited, they make more money by rallying it than shorting it from this point. Just look at 2009 from $1.00 to $15.00 in a few years. Its all just a game. The beauty of it is that with good fundamentals we can wait, because there's no bankruptcy risk.
Bullboard Posts