RE:Scorpio Mining, U.S. Silver obtain holder OK for mergerWhat will be the new book value of the company? Scorpio was around $0,70 per share. Not so sure for U.S. silver and Gold, but this merger occurs in a corrective market...
if silver go back up slowly but surely, we will see higher stock price. Hopefully new management will focus to increase value for shareholders with solid and strong business principles. Smart capex spending and strong cash position combined with low cost production philosophy in a safe working place focus on best environmental management policy.
there is enormous advantage to be ahead of the other companies in a given sector by being a leader in promoting best practices...
go spm go!
i own this stock but i am far away from this business, my bet is on silver recovery which is over beatten. Demand to get higher in a deficit environment, therefore price to go higher...
glta and dyodd
Happy Holidays !