SilverCrest Mines Inc SVLC

Very Disappointing!

[Wisdomwithage]

Hey Mates,

I've been in SVL for almost 10 years now, and although still in the money, I'm really disappointed in the deal management struck. We're in great shape financially, and our AISC is well below current price of Ag.

I believe we could easily move to the $3 - $4 range in short order should PMs bottom out in this range, but it just seems that our management is tired, and doesn't have that staying power anymore.

They've done a very good job in managing the company over the past few years. Not sure what motivated them to cave, especially now.

Cheers,

Brit

[bargainhunter6]

Hi Brit, I think that their current mine will have decreasing production in a year or two, so they'll be experiencing that as a headwind as well as not having enough money to build El Joya. They needed a major to buy them out so that El Joya could be built. 

[blue_sea]

The analysts of First Majestic would been totally distracted if it would be the case that the current mine of Silvercrest would have a decreasing production in the coming years. In fact SVL had almost a production rate as Endeavour Silver, but the share price is quite different. At this time the the takeover bid is a disadvantage for SVL shareholders because it prevents that the price can recover

[silvercreastman]

My problem is that I like Frist Majestic but the Silvercrest shareholders are getting too little for their shares. .2769 shares of First Majestic is too low where as .5 of a share is fair. SVL earnings will be out tomorrow so we will see how good they are compares to FR.

[lccommoner]

Like both companies.  Own shares in both with 20 times more in Silvercrest than AG.  I too am extremely disappointed in this deal/Mr.Drever and Company/Directors.  They finally get into full production and are hitting on all cylinders, then they give away the farm.  This is a real head scratcher.  Makes no sense.  Just who was holding a gun to their heads?  

[Timmie]

Don't forget the CEO, CFO, VP Operations, well basically most of the SVL Directors are all getting up there in age. They have been playing the game for a long time now and I think they have just had enough and aren't willing to wait around for PM prices to rebound. They will all make a ton of cash anyways, and it's not like they buy shares like you and I. 

[ch08532]

By the time this deal is done, PM stocks may be higher as it has been moving the past few days. We may be trading higher than the proposed value of 1.30.   When I see price action like this I always ask myself, would SVL be priced at 1.28 if we weren't bought by FR?  I would say no.  The stock would be trading maybe low teens right now.  It's no secret that this

[black364]

My thoughts are quite often in align with your's CH. Gold was having a bad time when the FR deal was announced and I believe SVL's share price could have slid down to round the 75 cent area and I also don't believe the share price would be where it is today without this pending deal. SVL is a well run company however we just weren't getting any respect from the markets. Currently