TSXV:SLX.P - Post by User
Comment by
MudCreekeron Dec 29, 2010 4:29pm
368 Views
Post# 17903588
RE: Patience!
RE: Patience!I agree with the title. Patience.
I also suspect you're right when you say: "The first, and primary objective, is to pull together as large aninventory of advanced silver projects in Mexico as they can(economically) before the price of silver gets away from them. "
OTOH, I disagree 100% with this comment: "Drill result news, mine improvement news or even a new exchange listingwouldn't necessarily enhance the achievement of the first objective."
If they really are trying to acquire more properties (as we both suspect), an improved share price would only make that easier. You have to finance acquisitions somehow, either by issuing shares to the current property holder, or by doing a PP and using the cash to buy the property. Either way, it's easier if your share price is higher than lower.
So activities that drive up share price short term without undermining long term viability should be part of the plan at this point. All the activities you mentioned fit that bill. Given the quality of this management team, I suspect they are in the plans, just not this holiday week.
Then again, I suspect they see things many levels deeper than I do, so they could surprise me.