Impact Silver Corp V.IPT

Alternate Symbol(s): ISVLF

Metals & Mining Silver

IMPACT Silver Corp. is a mineral producer and explorer with mining projects in Mexico. It is engaged in silver, zinc and lead mining and related activities, including exploration, development and mineral processing in Mexico. Its operations include Royal Mines of Zacualpan Silver-Gold District and Plomosas Zinc-Lead-Silver District. It owns 100% of the 211 square kilometers (km2) Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead. Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. It is producing mines are the Guadalupe Mine, the Veta Negra Open Pit Mine, the San Ramon Deeps Mine, and the Cuchara Mine.

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Impact Silver Corp > Another dumb manip today!

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Comment by Crashcomingsoonon Jan 29, 2021 10:55pm

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Post# 32427153

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Another dumb manip today!

The Reddit group has turned their focus on the silver shorts, which JP Morgan has a large silver short position. I would really like to see JP Morgan take a big hit on their silver short positions. The question is how far will the regulators allow silver prices to be driven higher and therby hurt JPM before they step in.

David Erfle Weekly Kitco Precious Metal Sector Op-Ed (mailchi.mp)

The WallStreetBets group is focusing on SLV as their next short squeeze target and the silver ETF was up 5.55% yesterday with huge volume. The futures market is a mix of physical metal and futures trading, but the SLV ETF takes physical delivery of the metal. The idea is that by buying shares in SLV, they could put the pressure on the physical market and make a spike profit, which some already did so yesterday when the silver price sold off into the afternoon.

JP Morgan is clearly the next target of the group after Melvin capital suffered a huge setback recently with GME stock. JP Morgan reportedly holds the largest short position in Silver and a short squeeze will affect them severely. Older readers may remember the Hunt brothers cornering the silver market during the late 1970’s.