SilverCrest Mines Inc SVLC

New batch of options

[ch08532]

2.1 Million options were created last week (website now shows 10M in options).  Total shares now stand at roughly 129.5M.  These options set to expire in 2019. The following have been assigned to SVL management:

Dec 15/14	Dec 10/14	Craig, Dunham Lewis	Direct Ownership	Options	50 - Grant of options	150,000
Dec 15/14	Dec 10/14	Keating, Thomas Arthur	Direct Ownership	Options	50 - Grant of options	150,000
Dec 15/14	Dec 10/14	McFarlane, Brent	Direct Ownership	Options	50 - Grant of options	250,000
Dec 15/14	Dec 10/14	Fonseca, Marcio	Direct Ownership	Options	50 - Grant of options	300,000
Dec 15/14	Dec 10/14	Glanville, Ross Owen	Direct Ownership	Options	50 - Grant of options	150,000
Dec 15/14	Dec 10/14	Thody, Graham Campbell	Direct Ownership	Options	50 - Grant of options	200,000
Dec 15/14	Dec 10/14	Magnusson, Barney	Direct Ownership	Options	50 - Grant of options	300,000
Dec 15/14	Dec 10/14	Fier, Nathan Eric	Direct Ownership	Options	50 - Grant of options	300,000
Dec 15/14	Dec 10/14	Drever, John Scott	Direct Ownership	Options	50 - Grant of options	300,000
Dec 12/14	Dec 10/14	Sanders, George Walter	Direct Ownership	Options	50 - Grant of options	150,000	$1.55

[ch08532]

Cut and paste didn't work well.  Here's the link to the option data: https://canadianinsider.com/node/7?menu_tickersearch=SVL+%7C+SilverCrest+Mines

[davwal]

you wouldnt happen to know the strike price of these option? Was the strike price only 1.55 If so it should of been 1.75 or higher share holders are getting tired of the easy money made by management

[ch08532]

Yes, the strike price is 1.55 for all options.  Expiry in 2019

[Timmie]

Oh I totally agree davwal. I'm rapidly losing interest in this stock and getting very tired of the corporate promises and big bucks ahead dreams. Five years now I've been holding this stock and still haven't made squat. Years ago there was talk of a special dividend to stock holders, we are all still waiting on that promise. Right now, the only ones making money on SVL is SVL insiders

[ch08532]

I'm tempted to lower my position in SVL and buy EDR as it's in the low/mid $2 range now.  I think there's more upside with EDR when the price of silver moves up again.  Only issue with EDR is high all in cash cost..hence why the stock price is getting hammered.