SilverCrest Mines Inc SVLC

Expert Analysis

[scott]

The Gold Report Interview with Greg McCoach (10/15/12) "I like a company called SilverCrest Mines Inc., located in one of the best areas of Mexico. . .the company is currently working through all the startup bugs, but it's banking money hand-over-fist, with over $35M cash and growing every month. It's using that cash flow to find more ounces around its mine site. SilverCrest also made a new discovery in another location in Mexico that's looking very promising. The stock price was around $1.65/share just over the summer and it's at $2.50/share. That shows it's in a quality mining spot and is a company to watch. I think the stock will break out to a new all-time high along with silver prices. That should take SilverCrest to a $6–8/share buyout by a midtier company. I'm very bullish on SilverCrest right now." More >

[inse]

Thank you for sharing Scott, good read...exactly why i am bullish on SVL and not concerned about short term declines...

[smoothedge]

What is going on ? SVL has suddenly taken off ! Every silver and gold miner is being hit but as i write this we have gone from $2.39 to $2.53.  AR down 8.6 % WS 7.75% and so on ?

[ch08532]

Holy!  We were going down like a brick and here we are UP for the day!?? What the heck...glad I bought at 2.39!  Some mad buying at market before the close..sweet!    

[Northguy53]

very sweet....like I said this morning...it's a gift..:) Brokerages can't sell their 2.55 shares to their clients if the sp sits at 2.38 lol....but I think their games aren't over yet....should be an interesting month...JMHO GLTA

[KevinF2848]

Agreed, you can't sell your stock for less than you bought it for, especially if there are no warrants to sweeten the deal.  Kind of looks like we have a floor.  Not saying it can't go down, just saying why would they manipulate it below their costs.  I think that the MM's let it go down on the weakness of silver and then bought up the shares knowing that there is

[Skater]

Does anyone know how long to close the deal?  Guestimate?

[KevinF2848]

About 3 weeks.

[eunice12]

You make no sense. If brokers are playing games was true why would the guys selling to their clients drop it to 2.38? All silvers went down and stocks always go down during a financing because sellers can't sell their shares above the issue price unless a unique condition occurs, which is super demand and the issue is sold out. Reality is you have never heard of a market so every time the