NYSEAM:SVLC - Post by User
Comment by
Timmieon Mar 12, 2014 4:37pm
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Post# 22315784
RE:RE:RE:RE:Silver down but Gold up?
RE:RE:RE:RE:Silver down but Gold up?benduck - you keep asking "if they do it once, will they do it again" Well they have done it before - this is the second time they have diluted the SP at an all time high! Previously SVL mgmt. decided to buy out their remaining gold hedge. This proved to be a very, very poor decision, not only did our SP get hit hard and take forever to recover but the spot price of gold fell drastically almost immediately after their deal closed. Maintaining the status quo would have been so much better financially for all involved. I agree Scott, Eric and others have a plan, this $$$ is certainly not needed for working capital. Another acquisition seems most likely, but some hint or reassurance of their plan would go a long way to reassuring their investors. In my opinion, in their hurry to fast track operations, mgmt has unnecessarily kicked their our SP down hard twice, I won't be around if they do it again - and I'm sure I won't be alone