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Silver Standard Resources Inc SSRI

"SSR Mining Inc is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects."


NDAQ:SSRI - Post by User

Post by 7Twiggyon Jan 28, 2015 9:26pm
184 Views
Post# 23375215

Around $3.00 in cash and near cash per $7.81 share

Around $3.00 in cash and near cash per $7.81 shareI agree it is never a bad idea to take a profit. Hope you got out earlier in the day when the price was a little higher. I got in shortly before the close and was lucky enough to add near the days low. One thing I noticed when I was trying to figure out the impact of the reassessment was the $135 million in cash and the 100 million in marketable securities. We have around 80 million shares so that works out to around $3.00 in cash and near cash per $7.81 share. That's a cash to share ratio of 38% and we should see this increase significantly based on the 2015 guidance. A lot will depend on both the gold and silver price swings. Who knows where this will be when results are announced on February 19.
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