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Searchlight Innovations Inc T.SLX


Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.


TSXV:SLX.P - Post by User

Comment by MudCreekeron Mar 24, 2011 6:25pm
335 Views
Post# 18337298

RE: RE: wow: Silver a moment at 37.80

RE: RE: wow: Silver a moment at 37.80Like I said, I don't follow the Frankfurt exchange, and you very well could be right. A difference of a percent or two that comes and goes, in a small company like this one, might be tolerated by the market. It has done sillier things.

"MudCreeker:exchange rate is ok."

OTOH, I didn't question the exchange rate to insult you. I questioned it because it looks incorrect. Your numbers were .665 euros = .94 C$. That implies an exchange rate of 1 euro = $1.4135 C. Yet there has been no time in the last couple of months that the Euro traded that high relative to the Canadian $. In fact, it has recently been at least a couple of percent below that level - the right amount and in the right direction to explain the apparent discrepancy you are seeing between the two markets.

See, for instance https://www.x-rates.com/d/CAD/EUR/graph30.html

The Euro is trading at about that level in terms of the US $, which is why I suggested that might be the source of the discrepancy.

So I have to ask, what exchange rate were you using, and where did it come from?
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