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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Comment by SNgu8000on Nov 21, 2024 7:31pm
97 Views
Post# 36325036

RE:Being Fully Funded

RE:Being Fully FundedYes you were right , that was agreement between Aventus and Wheaton in 2022 I think when gold was 2k something . That time frame Christian ( CEO of ADZN )deperately NEED financing done in order to hold on 75% of ElDomo ( Deal between ADZN and Salaz had signed in 2017 , El Domo was discovered and owned by Salaz , if ADZN spend certain money in exploration and finnancing in 5 yrs then ADZN had right to own 75% ) , that's the reason Christian gave out A LOT to Wheaton to get financing , and in the end he thought he can raise enough another $30 mil to start contruction BEFORE Wheaton cough out $175 mil in stage , it's very tough market for exploration to raise money to become developer so Wheaton had hold ADZN by throt . SVM had lost couple deals ( but SVM's management very shrew I think wirh business and with cash too - they don't BUY AT ANY PRICE ) and see ADZN and their packages ( El Domo one bil lbs of highest grade of copper and potential for more and Condor roughly 5 to 7 Miloz of gold , propery beside LUG GOLD ( one of the best gold in term of grade and quantity - look at their chart and dyodd ) . I don't like the way management released the NEWS yesterday and today . But I guessed they will use these money for Condor without Wheaton or increase % in NUAG . I think if they had explained very clearly their intention with $$$ and how it will re-rate or leverage the value of SVM then S/P did not come down that much . I could be wrong all about these , i believed s/p will recover that's why I bought some more . Last two days volume were over 30 mil shares sold and bought both Can and US ??? The FORCE TO PUSH THIS DOWN = FOR WHAT ????????
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