TSXV:SLX.P - Post by User
Post by
sunwoodon Apr 25, 2011 10:19am
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Post# 18482445
That Goodwill Writeoff!
That Goodwill Writeoff! The following is an extract from Marco G article dated Apr 11 on Seeking Alpha. It specifically points to the financials as being the main reason for the drop in share price. Thus, as a "producer" we are now being measured in a way that is different to an "explorer".
The focus now is on how profitable you are, as opposed to what resources you have. They are, of course, important but investors look at producers through a different pair of spectacles. "Show me da money, Honey!"
https://seekingalpha.com/article/263015-12-shiny-silver-stocks
Silvermex (GGCRF.PK)
Silvermex is the consolidation of two silver juniors in Mexico, previous Genco Resources and the older Silvermex.Here is a previous interview with Genco's CEO prior to the merger.The chart price for Silvermex follows:
Silvermex is showing strong leverage to the silver price that has fallen off recently due to the disappointing 2010 financials, just released. The company is in the process of revamping their operations with new management and strategy.2011 will be an interesting year for Silvermex
(Note: Sunwood boldly added the Bold emphasis.