TSXV:SLX.P - Post by User
Comment by
ripantuckon Dec 06, 2011 4:27pm
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Post# 19296932
RE: RE: from NIA
RE: RE: from NIA I have been following some other junior silvers, particularly KTN and their SP has been relatively healthy, even though they do not yet produce or have revenue and their proven resources are much smaller.Personally, I think this may be caused by two reasons, 1) KTN being priced as an explorer and people are paying more attention to the apparent growth of their resources, and 2) they just do a much better job of communicating with their shareholders. Shareholders know what they are doing and why.To me the problem with SLX is that Shareholders can't tell what they are thinking or doing. They have a very small producing mine which probably gives them enough cash flow to cover their exploration expense. Beyond that its hard to tell what they are planning to do with the bulk of their resources or when.Perhaps they are doing what Sprott is recommending. Keep your silver until the price goes up. I don't know.Rip