Guanajuato Silver Company Ltd V.GSVR

Trouble In The Japanese Hen House

[ErinBrockovich]

Japanese yen getting cooked like an egg. It recovered a bit. But at 34 year low.  Third largest economy in the world is in real trouble. Meanwhile Indians and Chinese are buying physical silver like crazy. Both of these are important catalysts. 

Shorts smell blood in the water and will cover. I am adding GSVR at several levels down to 0.15. I think the upside will happen violently once it's clearly profitable. The next couple of quarters are important. 

 

@Sinkpisser AISC couldn’t get below silver price until Q4 last year. Q1 will definitely be a nice profit and Q2 a monster. Instead of waiting 2 more months to dilute at higher prices they nuke us now. Makes no sense

[ErinBrockovich]

It does make sense. Yes, the company has been struggling with lower silver prices. They needed extra money to get over the hump. Silver has every reason to stay above 25 dollars. I think we will see 30 dollar silver by the fall. With silver around 27 dollars GSVR makes money. Watching what happens next. I'd love to see silver squeeze on all the paper shorts. People want physical, not

[greendayyyy]

I'm not at all surprised to see the financing offer increase to 10.9 million at this ridiculously low price. With the next quarter expected to be positive, we could have waited and obtained better financing.  What is the annual salary cost of this management team?

[ErinBrockovich]

James is the CEO. His salary is approximately 200k.  https://simplywall.st/stocks/ca/materials/tsxv-gsvr/guanajuato-silver-shares/management