Why I Sold Silvercorp Shares and Invested in Fortuna.I was a long time investor in Silvercorp but I am out.
1. For the period ending September 30, 2023 luminex burned through $709,337,000.and not an ounce of gold produced.
2. The assets Silvercorp may end up were flipped from one operator with no cash to the flipper who had apparently had also no cash.
3. These assets were drilled off without silvercorp being present. I don't need to tell you the rest of the story.
4. It's odd there was no other bids or interest for these Luminex assets.