RE:BOD, Management & Ouray Nice boat. Hope it sinks along with its crooked owner.
But the deal looks very interesting and certainly better strategic move for Aurcana than sitting still in Texas. Am a 10 year holder and have suffered like many here through historic screw-jobs…but bought more last year in a flight of optimism and effort to average down. Another painful consolidation …but life generally and small cap mining specifically can be very cruel indeed.
One immediate query: price deck for Ouray based on Ag @ $18.50. Looks pretty tight against current pricing outlook? And whatever fundamentals look like...I'm now a complete cynic about how Ag traders manipulate same.
See: https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-price-update/
Silver price update: What’s ahead? Many industry insiders predict that silver will stay the course for the third quarter this year, eventually beginning its slow climb as markets enter into the fourth quarter.
According to Wiebe, he believes that silver will endure its current position for the next few months and will not rebound as quickly as gold.
“Silver’s industrial base is making it act more like a
base metal than gold at present and although we do see it basing out with gold, we expect it to continue to tread cautiously while industrial uncertainty persists,” he told INN.
Analysts at Scotiabank (TSX:
BNS, NYSE:BNS) agree with Wiebe’s observations,
stating, “[g]oing forward, we expect that recuperating physical bar demand and rising industrial consumption will help tighten markets and push speculators, who remain net short silver, out of the market.”
Adding, “silver prices are expected to average US$18 per ounce this year and rise to US$19 per ounce in 2019 on the dual precious/industrial nature of its demand base.”
Ahmed stated, “[l]ooking ahead, FocusEconomics Consensus Forecast panelists expect prices to rise moderately this year, averaging US$17.2 per troy ounce in the final quarter of 2018.”
Adding, “[r]educed supply and growing demand for industrial applications are expected to boost silver prices. Increased volatility in financial markets stemming from heightened geopolitical uncertainties, along with anticipated higher jewelry demand, will also put upward pressure on prices.”
While Ed Steer of Ed Steer’s Gold and Silver Digest does not give a predicted price for the white metal, he agrees with other insiders and analysts that silver will find its footing and prices will eventually rally.
“We’ll certainly have “new and improved” precious metal prices before the year is out,” he told INN.
David Morgan of The Morgan Report shares Steer’s sentiments, telling INN, “[p]recious metals should gain strength late in the third quarter and moving into the final months of this year.”
FocusEconomics panelists estimate that the average silver price for Q3 2018 will be US$17.00. The most bullish forecast for the quarter comes from both Socit Gnrale (EPA:
GLE) and ANZ (ASX:
ANZ), which are calling for a price of US$18.80; meanwhile, ABN AMRO (EPA:
ABN) is the most bearish with a forecast of US$16.00.