Positive News Release TodayI just wanted to give my two cents on the news release today.
With the silver market screaming higher recently - as well as other PM markets and nickel and copper - I thought it was a very smart move by management to halt the trading of our companies shares to draw further positive attention to USA this morning.
Americas Silver Corp has gained over 50% in value through the recent run up and I believe it may be the top gainer of any senior or junior mining company. This statement has been in print recently and I can find it to support the statement.
Anytime you can have Eric Sprott associated with your company is a good thing even though he is invested in a number of quality companies. I feel that the news release today may draw more investors to the company or have individuals and institutions complete more vetting on our company before purchasing shares.
The termination of the agreement with Premier Gold to keep the SAN Felipe asset in the fold I feel was a very smart play. It has similar metrics to San Rafael so once in production will generate a significant cash flow! It is hard in this market to find advanced development projects that can be brought online for under 50 million dollars. The company realizes that sentiment has changed - or as Ray Dalio has suggested a new paradigm shift is underway - and they are going to capitalize on this new trend.
These are exciting times for everyone associated with mining companies and I feel strongly that the cycle has reversed and the next upleg in PM miners is underway. I also feel we are invested in a company that holds significant upside relative to other miners. Management is the key to the current and future success of USA. Their past decisions have set this company up well for a huge run up as the PM bull gets underway. As Darren stated recently in the 123Mjning Interview our company is really turning into the next very promising new name that investors will want to be a part of especially in the fall when the first gold pour from the Relief Canton mine is announced.
In addition, I don’t think even people on this board truly realize how high this stock could go even if silver reaches $25/ounce let alone $50/ounce or higher.
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