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Bullboard - Stock Discussion Forum Sierra Metals Inc SMTSF


Primary Symbol: T.SMT

Sierra Metals Inc. is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. Yauricocha is an underground mine located in the western central Peru in the Yauyos province, approximately 12 kilometers (km) west of the Continental Divide. The Yauricocha property covers 18,778... see more

TSX:SMT - Post Discussion

Sierra Metals Inc > Path forward
View:
Post by petersburggray on Oct 25, 2022 4:46pm

Path forward

So company hiring restructuring experts to advise on path forward. Board and mgmt dont need higly compensated folk advice to figure this out. Here is plan. 1. Shut all offices on canada. Fire everybody. Move all sg&a funtions to lima, peru. 2. Stop bleeding in mexico. Sell both mexican mines or just give both mines away. Neither mexican mine ever turned a profit so even just walking away benefit company. 3. Peru mine only profitable mine. Focus on that. Any new mine operations need to be in peru so company dont have to pay minority shareholders cash dividend to support mexican opns as has been case historically.
Comment by AcadianWind on Nov 28, 2023 2:50pm
So a year forward from this post.. Cusi is on care and maintenance awaiting a sale.  No reason to be on care and maintenance other than ARC and Sierra can not agree to the amount ARC would have to pay to get the mine free and clear and then they could operate it the way they feel is right.  Throw in the other Mexican mine get them to pony up $100 million and let's call it a day ...more  
Comment by AcadianWind on Dec 06, 2023 8:03pm
Feels like,I'm all alone here on this board. I made a suggestion on what May be happening here.  No one willing to comment on my suggestion?
Comment by AcadianWind on Dec 10, 2023 6:23am
I guess if we are all alone... let me tell you a secret.. this stock is under valued for a short time only... leave it down here so I can raise more money to buy more... I just need another week... 
Comment by AcadianWind on Jan 29, 2024 4:43pm
Only the beginning!! Wait till some of the players get $$ signs in your eyes.
Comment by Worldchanges88 on Jan 29, 2024 4:45pm
Came over here from Generation mining board (We also had a big day!). Does anyone have insight on your spike basically all at the end of day between 350 and 410pm?
Comment by AcadianWind on Jan 29, 2024 5:13pm
I was upset for most of the day.. I had resently sold GENM and added to SMT.. So, until the end of the day I was out of sorts.. still time to add to both positions.
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