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Bullboard - Stock Discussion Forum Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora... see more

TSX:USA - Post Discussion

Americas Gold and Silver Corporation > @Beluga (Gelana Complex - Primary Silver Mine in USA)
View:
Post by Correctionor on Feb 10, 2021 10:22pm

@Beluga (Gelana Complex - Primary Silver Mine in USA)

I knew that @Beluga2020. It was a simple mistake; moreover, it’s better having the primary silver mine in the USA - not Mexico. 

 

You made the claim against Mr. Blassuti, the CEO, so you provide the proof (links). I don’t see it.

 

Nevertheless, you must be misunderstood. There is and was enough cash on hand until Relief Canyon reached full production. Plans changed. Instead of waiting until full production at Relief and using cash from operations then to develop Gelana Complex Mr. Blassuti wisely decided to raise cash in the market to quicken the development process at the Gelana Complex to take advantage of the rising silver price environment. That is the basics of it - simple.

 

So what did Mr. Blassuti do? He raised over the initial $30M wanted to nearly $34M because of the strong interest in the stock. Maybe you think Mr. Blassuti has no credibility, but, those that took part in its recent financing feel otherwise as evidenced being oversubscribed. The investors are bullish.   

 

You are so short this stock, buddy! It’s so obvious.

Comment by Jonny2fingers on Feb 11, 2021 12:54am
I don't think all the whiners and complainers are necessarily short (although they might be!?!).  I just think it is a mix of frustration (cause they want instant gratification), lack of understanding of a lot of things, and the need to hear themselves complain on a free social media platform. But, hey, who knows for sure (or cares)? What I do know FOR A FACT is that zinc was trading ...more  
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