NYSEAM:SVLC - Post by User
Comment by
ch08532on Sep 21, 2015 8:46am
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Post# 24121161
RE:RE:Input on my logic please
RE:RE:Input on my logic pleaseManagement wanted out plain and simple. I started losing faith in the future of the company after the huge miss in the first batch of drill result at Ermitano.
Funny how nobody is talking about the expecting drill results at Ermitano? SVL only released ONE batch of drill results in 20 months of ownership of the land package! That is unacceptable as a shareholder. At the Q3 con call last year Eric told shareholders drill results would be released in early December..we didn't get them until Feb of this year! One thing I've learned when investing in miners is that when things go quiet about a project/development/drilling/etc that usually means bad news. This company always use to pump out press releases about various project updates. However, the last 12-14 months things changed to the downside. Maybe a cutback in marketing due to the downfall of PM prices? Perhaps...but it doesn't take much to push a press release.
No news = bad news in this industry. That being said..I believe Ermitano doesn't have the economic resources to grow the company and that's what management realized. They were smart and saw the end of the runway and realized they don't have the capital to go out and aquire an acretive miner without further stock dilution. Futher dilution would mean crippling the stock even further.