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Bullboard - Stock Discussion Forum SilverCrest Metals Inc T.SIL

Alternate Symbol(s):  SILV

SilverCrest Metals Inc. is a Canadian precious metals producer. The Company’s principal focus is its Las Chispas Operation in Sonora, Mexico. The Company is also focused on expanding its resources and reserves, acquiring, discovering, and developing precious metals projects and operating multiple silver-gold mines in the Americas. The Las Chispas Operation is located approximately 180... see more

TSX:SIL - Post Discussion

SilverCrest Metals Inc > In the red?
View:
Post by RevT79 on Mar 01, 2021 10:32am

In the red?

How is this possible?
at least it's on low volume!
Comment by inse on Mar 01, 2021 11:29am
I was also expecting a nice bounce to the upside this morning, but we're still in the red as I'm posting...this continued downtrend however, has allowed me to pick up another 500 shares at 10.40...SIL is due for a corrective move higher. If the big institutional funds were happy with partaking in the recent fully subscribed bought deal financing at 9.20 USD (~ 11.60 CAD), then I'm ...more  
Comment by RevT79 on Mar 01, 2021 11:42am
Yup! just ridiculous! can't find any silver coins or bars anywhere and here we go.... 3% drop 
Comment by inse on Mar 01, 2021 11:56am
SVL made me a lot of money. SIL has made me a lot of money. SIL will continue to make me a lot of money. This current downtrend for SIL will come to an end soon. The SilverCrest team has done a really solid job of de-risking Las Chispas and adding significant fundamental value to the Company. SIL has significant upside from current levels. But expect a bumpy ride. GLTA
Comment by RevT79 on Mar 01, 2021 12:40pm
The problem is the market rigth now. look at Kirkland lake! these guys made 1.2 billion profits and are down 60% The market is soooo twisted and unrealistic that you can't make smart due deligence because nobody does!
Comment by DavidelZorro on Mar 01, 2021 1:48pm
Very interesting point. I also think that if they go down for some time it is probably a common behaviour as per mine lifecycle topical stocks. We could be getting into the valley of the lassonde curve before it ramps up again once production starts. The interesting thing also is that there is still a lot of room here for resource expansion in the short-medium term and also institutional Investors ...more  
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