RE:"While it might be tempting to go bottom-fishing after a 65% In the Q2 results, CEO Darren Blasutti stated that he expects the second half to be much stronger and that it will showcase the strength of the silver portfolio. While these words might inspire confidence in new investors that are unfamiliar with the story, they should be taken with a grain of salt. This is because the previous bold statement was that the return of the radial stacker late last year at RC would allow the company to exit a challenging year and have tremendous success in 2021. To date, net losses stand at over $109 million just halfway through the year, and the company had a negative working capital position to finish Q2, despite issuing more than 20 million shares this year, translating to nearly 20% share dilution. If this is considered a tremendous success, I don't want to know what failure is.
“I expect the second half of 2021 will showcase the strength of the Company’s silver portfolio following a challenging start to the year".
- Darren Blasutti, CEO, Americas Gold & Silver - August 16th, 2021
“I am confident that the return and operation of the radial stacker at Relief Canyon will allow the Company to exit a very challenging year in 2020 and position the Company up for tremendous success in 2021".
- Darren Blasutti, CEO, Americas Gold & Silver - December 7th, 202