Santacruz Silver Mining Ltd V.SCZ

Financing

[greendayyyy]

Despite a bad day for the miners SCZ did very well. I wish we could raise the price to around .60 or more before financing. 40 million x .60 would give us 24 million in the bank. Lots of work ahead for the management team.

[tarnoir]

Hopefully we don't simply retrace all the way back to $.30!!! Good grief. Nobody seems to want to invest in Ag/Au miners yet. Need some frgg'n buyers! 

[greendayyyy]

Management really picked the wrong day to restart last week. They could have easily waited and opened in a bull market. Another mistake by management. I am starting to doubt the knowledge of this management team. 

[tarnoir]

Yup, SP right back to where it was prior to the halt. WTF! PMs are apparently the place to be, so say the pundits, owing to inflation, but the market couldn't care less. 

[jcw604]

This not just a precious metal play, but also base metals. I think it should do well.

[tarnoir]

All up to the execution of management now. No news is NOT good news, so let's get some traction on financing these properties. This silence is killing the SP!!! So much promise, but does diick!

[MacRellen]

"The stock market is a device for transferring money from the impatient to the patient" ;-)

[greendayyyy]

Happy to have liquidated on reopening. I think the price will be around .20 with financing around that price. I see after a 1 for 10 split for a price of $2. The biggest losers will still be the small shareholders. I will buy again after all these changes are completed.

[rocky99]

Patience for how many years ? Frankly, i just regret that i did not sell this garbage stock at 0.39 when they opened. My mistake.

[MacRellen]

I hope things'll turn around when tax loss selling season is over. But who knows. Also depends upon what kind of financing they do, and when we get some more numbers on the new assets, like an NI 43-101. Maybe we will need to see some actual numbers from production and AISC on the new assets for this to really turn. But if they deliver, and manage to  show production of 8-10M oz on an

[Blazesb]

[Blazesb]

Oops. My post below begins  with 'About a crash'.

[MacRellen]

Yeah, timing a crash is near impossible. The most obvious time for a crash is when the Fed starts raising rates, since the low rates and the Fed's bond purchases are the major drivers behind historically high stock market valuations. But everybody knows this, so therefore it probably won't happen then... And the Fed may not even get to hiking rates. If the market throws a tantrum during

[Blazesb]

Anything could happen.  The blueprint for dealing with market crashes--keep them short and sweet with massive intervention by the Fed--was followed in March 2020 and October 1987.  'Hosing down the market/fire with cash' is one description that comes to mind.  Liquidity and plenty of it. Governments won't admit it but the plan for dealing with trillions of debt is to

[francoisl13]

There will be no financing involved with the Glencore assets acquisition, please refer to SCZ October 13th press release. This is an excerpt; ''Majority of consideration deferred and to be funded by cash flows resulting in limited upfront dilution compared to an all-share transaction'' GLTA

[MacRellen]

They'll still have to come up with the $20M to be payed when the deal is closed, so that is the financing we are waiting for now. As for the deferred 90M (to be paid by 4 yearly installments of 22.5M), hopefully that will be paid for by cash flow. It remains to be seen whether they will generate enough money through their operations, as it off course depends on metal prices. The NR states

[jcw604]

To be the pay off even half of your mortgage in 4 years is a great achievement. If they manage to do something close to what they want to do, they are very efficient business.

[Windtalker]

Please reference the November 15 press release which clearly states that the $20 million required to close this deal will be acquired through financing. It is cut and dry. Either they get the financing and fund this deal or it's a no go. So no, they will not be seeking a share offering to supply the $20 million.