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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Metals & Mining Industrial Metals & Minerals
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

Silvercorp Metals Inc.
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Post by BNPUNon Jul 18, 2008 1:32am
568 Views
Post# 15305364

Unbelievable what happened today. Listen to this

Unbelievable what happened today. Listen to this
Early on in the day, when oil was trading at around $135, it was reported that "somebody" purchased 20,000 put options on crude oil at a strike price of 130.  These were JULY PUTS!!! which means if the price of crude oil does not go below 130 BY TOMORROW they expire worthless.
 
The guy reporting this could not believe that someone would take this kind of risk with this much money (millions of dollars).
 
Well, guess what?  Crude oil closed today at 129.50.   ISN'T THAT AMAZING???  The odds of this happening are probably one in a quadrillion.
 
This has to be the work of the US government.  They told someone, probably JP Morgan, to buy these puts and they would insure that they would work out. 

The whole market is rigged with cronyism and corruption.  Right to the core.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities