OTCPK:ASLRF - Post by User
Comment by
SilverInMyPantson Dec 09, 2010 5:00pm
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Post# 17826158
RE: Nope
RE: NopeThanks. Yes, my ISA's full up split between AGQ and SLX.
Bought AGQ a few years ago way up in the double digits, took a small loss at the time, and thankfully got back in recently from about 6p upwards.
Aside from the ostensible similarities (Mexico, market cap, Sprott involved, production just getting going, 90% of the land to be explored) they are slightly different stories: one's a takeover play, the other one is going to become a major producer.
I've gone really heavily in on AGQ and was uncomfortable not being diversified. SLX fit the bill very well. It's ridiculously undervalued when you consider that it's got three times Arian's reserves and the reason it was undervalued (board problems) has been progressively eliminated, with the merger the final step.
It won't be long before the market realises SLX is radically undervalued, even at 90 cents. Arian's story may play out a little quicker, but then that does depend on increasing the reserves, which should happen but is not guaranteed. SLX, on the other hand, has the reserves, and it's just a matter of getting production firing on all cylinders and it's there. When silver hits $35+, it's going to be hard for them to justify not getting the 4 million p.a. open pit mine in motion.
All going well, from here I hope to be making quick money on Arian and big money on Silvermex.