RE:RE:residents of Jalapa ask the CC to reactivate Tahoe license!!NIVES wrote: It's a matter of time. When it does open, this share price will look like a bargain. Missed by many.
Totally agree ! Reading between the lines, this will get done if only because it makes too much economic sense for all concerned (the greater good). Whether it's the greasing of corrupt politicians or the voices of people who need jobs, I don't really care. Mine closures affect not just the mine workers, but the secondary economy of the businesses & communities surrounding it. The tone of the Conference Call was optimistic. I expect a break thru shortly. This mine is integral to Tahoe Resources overall performance, and the closure has been fully reflected as an onerous discount in the SP. A re-opening will cause a significant jump in the SP. Downside is minimal - even if there is a further delay. IMO, on positive news, the stock should move rather quickly to the $10 range. Perhaps it will consolidate there for awhile. Once the Company begins showing the hard results of resumed production, I see this climbing back into the teens as soon as the end of 2018, but certainly into 2019. Silver is in short supply, so any upward movement caused by resumed production, will be magnified further by a move in the price of the commodity. Bottom-line... minimal risk on Silver prices and minimal risk on SP from here (ie. all the bad news is in). Only blue sky ahead. GLTA