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Bullboard - Stock Discussion Forum Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora... see more

TSX:USA - Post Discussion

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Post by AngelEyes3 on May 17, 2021 4:41pm

Wow

I have had this one on my watch list for some time. Sold out a long time ago and did not like what I was seeing.  Now they are taking a massive write down and delling over 50m worth of shares. It will need tome to wash out. Never buy a falling knife. I had cout myself way to many times doing that. Wait for it to washout first if you think managment can turn it around. The only thing going for it now is those great drill results with very high copper percentages. But now keep your powder dry and look for the washout.
Comment by Thales42 on May 17, 2021 5:15pm
A falling knife, indeed. The washout will come with USAS writing off Relief Canyon and after the lawsuit where CEO must answer questions why multiple geological reports not supportive of RC project were ignored   
Comment by spacegimp on May 17, 2021 7:55pm
Should chang symbol to NRBC , no relief bottomless canyon
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