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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 > Dilution 60% for CDE shareholders
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Post by andre171 on Nov 02, 2024 5:04am

Dilution 60% for CDE shareholders

As Taylor Dart points out in his latest publication, the question is whether or not the acquisition of Silvercrest is positive for CDE shareholders. One must legitimately wonder about this 50-60% dilution for a 25% production increase that will only last 6 years. It's all very well to assume that the mine's lifespan could be extended, but this remains hypothetical. To cut a long story short, it's deplorable that we're DEFINITELY diluting more than 2 times as much as we are increasing production for ONLY 6 SMALL YEARS. Next Thursday, at the conference following the publication of the quarterly results, we can already assume that management will take refuge in a duty of discretion until the operation is ratified, or will present it to us idyllically without being contradicted by questions from any complacent analysts who may be present. Obviously, my doubts about the acquisition of Silvercrest for +- 1500M would vanish if the price of silver reached $50 in the short term, but this is far from being a sure thing and it would be very unreasonable to take refuge behind this risky hypothetical...
Comment by 666999 on Nov 06, 2024 7:34am
SIL has $ 160 M cash, its low cost producer and has a lot of property for exploration, so 3 things that are important and you did not include in takeover, plus drill results coming and increasing resource, why is SIL mkt cap so big, because mine has delivered, and has great grades, all this things that SIL has Coeur needs, simple, and deal proofs that
Comment by andre171 on Nov 06, 2024 7:59am
The NPV takes into account the good grades and the current reserves and resources and does not justify such a high price, any more than the FCF forecasts (for 6 years only, the exploration potential being random and hypothetical). I think that Silvercrest's management have sold their project well and that it is much better than CDE's. We can at least hope that they will raise the level of ...more  
Comment by 666999 on Nov 07, 2024 2:16pm
Deal.is good for both companies, yes SIL.mkt cap is huge, but investors revard great mgmt, and vice versa, simple
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