RE:RE:RE:Share priceFor starters, SCZ is now basically a Bolivian lead-zinc company with silver credits. Reporting production is misleading. Great mines, but a minority owner in great mines that are also high cost, and controlling shareholder is Bolivian government. Consider, Glencore doesn't walk away from anyhting "with potential"
buyer beware-
lol you have to be kidding. Those so called silver credits are to the tune of over 7 million oz annualized.
Those 7 million silver oz annualized alone will make this one fly now that they have sorted things out and added some upgrades.
Carlos Silva, Santacruz's CEO, stated, "Q4 has been an interesting quarter as we have received a significant amount of underground and milling equipment across all our operations leaving us well positioned to achieve our budgeted 2023 mine production with high levels of productivity, efficiency, and safety."
As an added boost, 8 million silver oz equivalent zinc and lead credits should give this a strong tailwind to much higher prices later this year.
If you look at the weekly chart you can see the bullish upward channel Scz is in despite the big whipsaw action from highs to lows back to higher highs and higher lows. This to me indicates overall very bullish sentiment but waiting for another one or two press releases to confirm everything is on track with the excellent and very profitable production numbers they forcaste for 2023 annualized in their press release in January.
Incidently, a long hammer reversal was made on Friday which likely may indicate we reached our low. It appears to have reached its low in the bullish channel its in.
I am in big in Scz