NYSEAM:SVLC - Post by User
Post by
black364on Apr 27, 2011 5:00pm
551 Views
Post# 18496920
My Two Bits
My Two BitsYes, a producing gold mine with excellent fundamentals. This capital being raised certainly indicates that this company is about to increase production at Saint Elena plus try to prove up La Hoya. In regards to today's share price I'm not at all worried. The company is doing a financing at $1.60 and believe that the share price is effectively correct through the finance period. Over the next while I expect the volume to drop and see the share price trade between $1.50 - $1.70 unless the company brings out some barn burner releases which may alter my opinion, off course the price of gold and silver should also be taken into consideration. After the financing and the option period is complete I think the share price will rise again, that's the way I see it. There certainly may be different views and I encourage those views to be posted, I'm interested in what all posters have to say.