NYSEAM:RVM - Post by User
Post by
javaman12on May 27, 2015 6:14pm
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Post# 23771534
Prospects for Revett Going It Alone Again
Prospects for Revett Going It Alone Again
I'm not sure what the outcome of the merger vote will be at this time. I do know how I voted. Your vote is up to you. If you look at the 6 month copper price chart, since January, about when Revett may have made it's decision to give up and call it quits, you may notice that a significant upward trend is developing. In January, copper prices were somewhere around $2.40 a pound and now are around $2.75. Is that not an upward trend? As far as silver is concerned, the charts seem to indicate a bottom is well in place and upward trend may be starting to be happen. Please correct me if you think that I am wrong! If Hecla mining can make a profit during difficult times, why can't Revett make money and remain a going concern when prices are improving? Am I wrong to think that Revett should reconsider their thinking on this decision? What do you think? All the best!