snowbirds head southgood morning the new board!
if people have been opportunistic they will have sold their levon shares (down 25%) as it currently has nil value as a resource and zero chances of a takeover at these metal prices and struggling miners. silver has been on a down spiral for 5 years and with a solution (albeit temporary) for Greece, financial markets have calmed and silver is anticipated for +/-$13/oz, there is plenty of time to get back in probably at the 12c mark if not lower.
moving on to scivac, as I said before the slide is on (down 30%), having hit 37c, 30c -35c is doable. the idea for the deal made sense as it is easier to get a US listing through the Canadian exchange / commission, but with 756m shares outstanding and a market cap of £298m, the valuation is still high, at least it is easy to get shares! the big timings are the FDA submission and share consolidation (which nearly always brings a slight price drop), is anyone aware of timings?
flap flap!