SilverCrest Mines Inc SVLC

WOW

[intowin]

Stellar numbers. This company has been run flawlessly with some tremendous results to back it up. When (not if) the PM sector turn up, Silvercrest should surely be one of the stars.JMO

  A real candidate for a take over. I hope it doesn't happen, as La Joya will be a game changer when all drillled up.

[ironman64]

Company has good people running it and has some good growth with it.I waited and waited for to long and was hoping to buy a lot of these shares on a big dip but it just hasn't happened.Going to just bite the bullet and start to buy some and hold on for the long run.This is going to be my only share im going to buy right now that Ill be holding long.GLTA

[poubelle1]

When do these gold hedges end? Its too bad they cannot sell their gold at spot. Was it done to appease the bankers?

[Capharnaum]

They have about 35k ounces hedged gold left to deliver from 2012 to 2014. Macquarie required the hedging to provide financing for the mill. The loan is paid off but they still got to deliver 8.5k in 2012, 17.7k in 2013 and 9.2k in 2014.

[eunice12]

poub   Anyone loaning money requires a hedge. Banks don't get any upside if the commodity price goes up, so they would be stupid to not cover themselves for the downside.

[poubelle1]

Thats fine, but this loan is paid off. So, why the discounted sales to Macquerie into 2014. Why would management sign a stupid deal like this. Because they only care about getting themselves into a job that can make them rich. This deal does not benefit shareholders.

[SKLASSEN]

Sorry poubelle1, I do not agree with your last post. The other option to develop the mine was to issues mulit-millions of shares at much lower prices than now.  If that was the case our current share price would be less. (and would have hurt the shareholders)   I would say the management team has done a superior job in terms of financing and operationally getting the

[Capharnaum]

The hedging contracts are separate from the loan. So even if you pay the loan, the hedging contracts are still outstanding. The lender requires the hedging to make sure that even if commodity prices fall, they can get back their money since the hedging would cover up the loan.   Now that they've got a cashflow going, you can be sure that they won't take the same kind of loan on their

[moneymotivator]

Should have some room to run here now that nasty sell off appears to have died down and technical starting to look bullish again...Uncle Ben speaks tomorrow wonder how he could possibly effect gold and silver markets??? https://www.federalreserve.gov/whatsnext.htm Read somewhere unemployment numbers are supposed to come out tmr so i guess if they are bearish then maybe gold/silver rise for a

[machete22]

Folks, help get rid of this spammer soulssee1 by hitting the "Report Abuse" link in his post.  Thank you