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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Bullboard Posts
Post by snoozlegroibon Sep 04, 2011 9:40pm
645 Views
Post# 19011533

No Divvy Needed

No Divvy NeededThey don't need to waste money on a divvy--the market will take care of it.  The market is bigger than any shorter or group of shorters.  It's all about confidence.  The reason TRE tanked so bad is that the mgmt of TRE did not respond to the allegations in a way that instilled any confidence in the market.  Just the opposite--they reacted in a way that led the market to believe that the allegations were true.  Just the opposite is the case with SVM--the mgmt--as well as independent analysts--responded in a way that would lead the market to believe that the allegations are false.  This will provide the confidence needed to support the share price.  No matter how hard the shorters try to hammer SVM down, there will be enough buyers ready with the confidence to grab shares at a bargain price.  This is what happened on Friday. The initial news caused the price to tank (probably helped by a wave of shorting), and the SP bottomed at 6.92 early afternoon.  Then bargain hunters, armed with the confidence gleaned from company and analyst responses, stepped up and pushed the SP up to 7.43 at the close.  I was one of those bargain hunters--I got in at 7.12 shortly after it bottomed, and if shorters drive the stock down further, I'll be ready to pick up more, hopefully under 7.  But I doubt that will happen.  GLTA
Bullboard Posts