Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s): GSVRF

Metals & Mining Industrial Metals & Minerals

Guanajuato Silver Company Ltd. is a Canada-based precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mines Complex (El Cubo), Valenciana Mines Complex (VMC), and the San Ignacio mine (San Ignacio); all three mines are located within the state of Guanajuato. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. The Company conducts business through its four operating mines and three processing facilities.

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Guanajuato Silver Company Ltd > Silver Up, Again

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Comment by ErinBrockovichon Dec 14, 2023 12:11pm

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Post# 35784675

RE:RE:Silver Up, Again

Likely short sellers on the attack. But they will need to cover soon. Index is buying.

 			@lexcon usually the initial add to an index does have a large move in SP---but after that the rebalance is not so much. The current weighting is 0.21% of AUM...assuming AUM remains constant then say a bump to 0.26% weight target is 0.05% of AUM (0.0005 x AUM) Net assets is $689 million--- so that would be roughly $345,000 worth of new GSVR shares added to the fund...or about 1,230,000 shares in total. Most of those shares that SILJ will buy are already being purchased by the trading houses (look at todays volume)...come friday they will all offer the shares into the MOC order the ETF places at end of day, and there might be a slight SP bump but I don't expect a huge effect from the rebalance.
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 			13 Dec 2023, 15:41

 					 
@cruisiebought 20k extra here today:-)
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 			13 Dec 2023, 16:18

 					 
@bedrag@Freddybaler001 unfortunately power hour was non-existant. Still not a lot of interest in any juniors yet from the market. Need to see if silver and gold can hang onto these gains this time and not give them right back again.
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 			13 Dec 2023, 16:19

 					 
@littleowlYeah @bedrag with 3X the average daily volume we're having to chew through the free-trading shares from the last PP from the smart-asses who are selling for tax-loss purposes while holding on to the warrant. If they had any brains they could have waited for the well-anticipated Fed decision and Friday's SILJ rebalancing. A big gift for those who have the brains to recognize this like @cruisie et al... 
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 			13 Dec 2023, 17:25

 					 
@Lt.VincentHannaGold and silver futures showing lots of muscle. Silver currently at 24ish, gold above 2K. And that's just because the FED indicated rate cuts WILL come in 2024. In such an environment both metals could move up at any time. So many catalysts right now. 