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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Bullboard Posts
Comment by RichyRich$on Dec 01, 2015 5:04pm
113 Views
Post# 24344563

RE:RE:RE:RE:Why No Posts?

RE:RE:RE:RE:Why No Posts?The only scary thing with SVM the past few weeks is that the index of other miners has been rallying while SVM remained stagnant. It makes you wonder if it's because of the new drill results a few weeks ago not impressing investors? Now with 2016 right around the corner, it's been a 5 year downtrend for Gold/Silver since 2011.  I really think the downtrend is done with, as downtrends are usually quicker than uptrends.  The metals rallyed for 10 years, and I can't see it downtrending for 10 years. You may also say it's strange that the other miners (the index) have been rallying so much the past week when Gold/Silver hasn't been up that much.  So SVM seems to be moving properly with the metal prices.  But if you look at the longterm chart from $15.00 right down to $.80 for a miner with great fundamentals.  It's outright ludicrous and really affirms my belief that fundamentals mean nothing because Wall Street and Bay Street is on Crack driving prices however they wish regardless of fundamentals.  The bonus of them being on Crack driving it down with no logic, is that the same stuff they smoke is what makes them drive it up so ludicrously hard and fast when the trend reverses. So hang on everyone.  I think Silvercorp will buy back shares aggresively very soon.  I has to be done by the December 22, 2015 deadline. But Silvercorp is a prime example of why I'm all about Technical Analysis versus Fundamentals.  I appreciate the fundamentals and do like to post about them, but in the future I will trade 80% on technical analysis and 20% on fundamentals.  Or you end up holding SVM from $15.00 down to $.80!
Bullboard Posts