Bullboard - Stock Discussion Forum Impact Silver Corp V.IPT

Alternate Symbol(s): ISVLF

Metals & Mining Silver

IMPACT Silver Corp. is a mineral producer and explorer with mining projects in Mexico. It is engaged in silver, zinc and lead mining and related activities, including exploration, development and mineral processing in Mexico. Its operations include Royal Mines of Zacualpan Silver-Gold District and Plomosas Zinc-Lead-Silver District. It owns 100% of the 211 square kilometers (km2) Zacualpan... see more

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TSXV:IPT - Post Discussion

Impact Silver Corp > Dilution

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Post by Crashcomingsoon on Apr 06, 2023 12:14pm

Dilution

C$0.27 per share is a lot lower than the C$0.36 per share prior to the announcement. Why was such a low offer made? It will take a long time for the share price to recover.

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Comment by Crashcomingsoon on Apr 06, 2023 12:56pm

Retail may be able to buy shares at C$0.27 as the share price keeps falling. Give it a little time.

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Comment by Funex4t on Apr 07, 2023 11:44am

From 3rd quarter report...Nov 2022 "After investing $3.0 million in exploration expenditures and mining assets during the year to date, the cash position remained strong at $21.5 million with working capital of $22.1 million, up from cash of $17.4 million and working capital of $16.8 million at September 30, 2020". The price of silver has increased since this report. Would ...more

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Comment by Funex4t on Apr 07, 2023 11:51am

Ignore please just realized was looking at wrong report... sorry... I'll try again

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Comment by Funex4t on Apr 07, 2023 11:56am

Mine operating loss before amortization and depletion for Q3 2022 was $0.1 million compared to $0.8 million income in Q3 2021, due to lower silver prices and higher costs. Net loss for Q3 2022 was $1.2 million compared to net income of $0.04 million in Q3 2021. Net working capital for the Company at September 30, 2022 was $17.6 million with cash on hand of $16.5 million. ...more

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Comment by Thales12 on Apr 10, 2023 10:16am

Three main reasons: One, Plomosas. To put in into production in 2023 - US$ 5 mm or $6.75 mm Cad; Plomosas explorations in 2023 - 2-3 mm Cad' Total cost around 10 mm Cad; Two, Guadalupe complex - needs refurbishing and capacity expansion in year 23-24 ; Cost - anywhere between 1 to 5 mm Cad; Exploration cost - 1 mm Three - Capire - to putit into production and expand capacity in year ...more

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Comment by Thales12 on Apr 10, 2023 10:17am

so, the 7 mm PP provides a margin of safety

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Comment by Ereal1 on Apr 10, 2023 10:18am

The financing price was low, but I think that reflects poor financing conditions right now - I've seen some other juniors make even worse placements recently. Although it may not have been totally necessary yet, they did spend $3 million on acquisition of plomosas, and are gonna need to pump in money on exploration and ramping up production here. I think it's better for impact to finance ...more

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Impact Silver Corp