Silver Bull Resources Inc T.SVB

+ 12% Why ?

[andre171]

Is the increase of more than 12% yesterday related to the distribution of Arras shares?

[quicksilver545]

Yes probably.

[Heywood_Silvers]

So, you are saying that SBVL is more valuable without the Arras spinoff shares?  Wouldn't that insinuate a zero value (at best) for the Arras shares?  And I thought my guesstimate of them trading initially at 5 cents was possibly too low.... If the Arras shares do trade at or abvove whatever basis is assigned by my brokers, I will likely sell them.  I'm all for the gold

[quicksilver545]

It's not trading ex-dividend yet. Monday is ex-dividend day.

[Heywood_Silvers]

Only shareholders owning shares as of September 10th will be eligible for the distribution.  The distribution already occurred yesterday. Of course, there may be a few ding dongs who can't read a press release, but that error is on them.

[quicksilver545]

I believe you sir are the ding dong who didn't read the press release. It is trading via due bills, so ex date is one day after payment date. I direct you to the press release that you didn't read: "According to the TSX, the payable date is Sept. 24, 2021, and the ex distribution date is Sept. 27, 2021. Due bills representing the entitlement to the distribution will trade together

[Heywood_Silvers]

The 9.01.21 press release (2nd paragraph) said that shareholders as of 9.10.21 are entitled to the distribution.  The distribution took place on 9.24.21.  Yes, there were supposedly "due bills" which were to trade through the distribution date, that being said, did you see any of these "due bills" actively being traded?  I didn't on either the TSX or the OTC

[quicksilver545]

Due bills is an initiative by the TSX for larger distributions. They do not "freely trade", but are attached to sales during the due bills period. I direct you to: https://www.tsx.com/resource/en/253 Anyways, it's clear that today is ex-distribution day. I bought Friday and sold today for the Arras shares, and liquidated half my position for a small gain on the shares. Willing to

[Heywood_Silvers]

I hope you are correct and you get your Arras shares.  If you bought the due bills you should, all I have been able to see are normal SVBL shares. When will the Arras shares list, who knows?  Based upon recent implicit value derived from SBVL shares, the Arras shares could be as high as 20 cents.  I have previously stated 6 cents.  Maybe the truth will lie in the middle

[quicksilver545]

Wow this thing has dropped like an absolute rock... Let's hope those Arras shares are worth a bit more than predicted lol.