Post by
georgemarch on Aug 12, 2021 10:02am
Price Action
FVI sp getting hit hard after a decent earnings report. Market has no mercy for Lindero difficulties (covid 19). There may be a growing belief that gold/silver prices are heading south.
Very difficult to see that for the long term. Huge US debt will continue to grow, banks will prefer gold rather than cryptos, ... Unbelievable how the US can spend like no tomorrow to improve/sustain economy (infrastructure) and the fiat dollar stands ( short term)... Gold prices will move higher in the next few years as other economies improve after coming out of covid.
Cost containment wil be crucial, new low cost African mine production and finding new ounces in the ground will need to be long term goals for management.
Tough time for longs but a good day for adding shares at a great price.
JMHO
Comment by
lumpy13 on Aug 13, 2021 6:47pm
A small rebound today but still down 40% from the day they announced the Roxgold acquisition. I was in Roxgold and didn't like the acquisition for FVI shares, but then jumped in as FVI seem cheap (and kept getting cheaper). Hard to believe this won't rebound significantly, especially off of the Roxgold properties.
Comment by
ShatnersRug on Aug 17, 2021 12:09pm
The SP action is less influenced by operational/performance forces vs. tapering, forecasted interest rates, and strength in the greenback(and future strength!). Keep your powder handy.
Comment by
ShatnersRug on Aug 17, 2021 12:13pm
All of the PM producers have been smacked around hard, particularly in the past 10-11 weeks or so(since first week of June). Even the big boys like Pan American have taken it up the keyster. Down 25%
Comment by
yoshka2000 on Aug 18, 2021 5:29pm
Me,I didn't lke the deal Roxgold got., and after the acquistion FVI should of been north of , $6.50, perhaps next quarter. I held ROG and now I hold FVI