RE: RE: RE: RE: Ahhhhh......Mr. Anderson..........Thanks for your excellent analysis, Dosco ... and yes, that was much better :-)
Now:
=> they got it [private placement] with the smal discount (30-40% would be bad).
Here, I disagree. That "small discount" is equivalent to a couple of million dollars, give or take a 100Gs. We have traded consistenly between 70 and 80 cents. Two reasons for this: One, the market is coming to the realization of SLX's vast potential and its cheap price relative to its proven reserves (not to mention proven mgmt.), and secondly, the upward trend of the price of silver---that is, great forward margins. I dunno ... why our we second-guessing the market? Because with a pp of 62 cents we are not only telling the market, "Ha, we are overbought!", but more importantly, we are anchoring our share price in the low 60s range. If I may ask, would you have tendered your shares last week at a sp of 62 cents? If someone came to me and with a bid of 62 cents, I'd tell him to stuff his bid where the sun don't shine!
As for the warrants (albeit half warrants) ... what a giveaway. Warrants are supposed to be "the sweeteners" in any deal, ok---I understand that. But don't you think a price of 62 cents was a sweet enough deal? Moreover, that 90 cents and 3-year timeframe. Again, does anyone here think we are going to be trading anywhere near 90 cents one year from now? What about two years? Three?
Once again, great post, dosco. I am still very long SLX. You and I just disagree on a bit on the pp offering.