SSR Mining Ord Shs T.SSRM

This is not investible

[stopedout]

I bought some yesterday, thinking the sell-off was overdone, based on no information.
Then I saw the video clip of the slide. Based on that, and aerial photos from the company's latest 43-01 on Copler, it would appear to me that the slide ran down the drainage toward the village of Copler, but did not reach that far, which is very fortunate.
This appears to be the same drainage that contains the tailings facilities (on the same side of the valley that the person taking the video, opposite from the heapleach).
I would imagine that this event will call into question the stability of the tailings as well as any future leach pads, which in turn calls into question whether the mine will even re-open.
Very difficult situation.
Luckily, I was able to exit with a small profit after coming to that conclusion.
Which, of course, could be wrong.

[Hopeful123]

Best to get out given the uncertainty..I am really pissed that the Company did not address this situation..Given they have over 300 mln in cash and 3 other Mines doing well, why wait for this to happen..Very sad on the families waiting for positive news..Rod A  I really thought you would have been on top of this and Alex you seem scared at the moment to tell shareholders what they need to

[KnaveofDiamonds]

300 million isnt even going to come close to cleaning that breech up.  Not even close.

[Hopeful123]

Better to write puts and short this . 

[KnaveofDiamonds]

300 million might not even cover the lawsuits....