NYSEAM:SVLC - Post by User
Comment by
ch08532on Aug 12, 2015 5:54pm
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Post# 24012802
RE:Davey: I have to respectfully disagree with your assertion
RE:Davey: I have to respectfully disagree with your assertion Please remember that IF this deal fails (very unlikely, but possible) there will be a $8M fee to be paid to FR AND you can pretty much guarentee a quick selloff in the stock price.
Going back now will not help SVL shareholders and the future of the company. Either we get a better deal (which I believe is too late due to the sudden run up in metal prices which has triggered a short term rally for all PM stocks) OR shareholders vote NO. Right now SVL is trading near book value based on current prices.
We need to keep things in perspective. Management has yet to prove that there is economical resources in and around Ermitano (to support future growth) and La Joya needs major capital to get it off the ground let alone $22 Silver/$3 Copper to be considered economical.
We can go much much higher under FR vs going it alone with current management.