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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

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

Bullboard Posts
Post by BNPUNon Sep 25, 2008 11:38am
314 Views
Post# 15483742

Rumours circulating

Rumours circulating
...that the Comex Gold contracts are now going to be settled as cash-only contracts, in effect depriving buyers of the opportunity to take physical delivery of gold bullion.
 
The only reason I can see them doing this would be because there is no physical gold left for them to sell.
 
Much like the physical silver, of which there is none left for sale.

I imagine this is just another ploy to keep the gold price down as they announce the passing of the Paulson Plan.  Gotta keep things looking positive for the markets at all costs.  You know the drill.
Bullboard Posts