Spanish Mountain Gold Ltd V.SPA

Patiently waiting for 16 cents CAD....

[Heywood_Silvers]

then I'll snap up some more.  Markets should easily be able to shave off 20% this Summer.

[Blacknite4]

he he heI think you will be waiting a long time.  I would be surprised if it goes to 18 cents. This is and was an extremely under valued stock with a resource of 5 million ounces. Buut .....good luck to you anyway.

[Heywood_Silvers]

The 52 week low is 9 cents CAD.  16 cents is more or less a gimme with a bit of patience.  We are in an environment where sentiment is in the toilet and we are on the cusp of the market rolling over with continued banking crises, etc. Now, if one wanted to get aggressive, you could put in a stink bid of 10 cents CAD.  The baby always gets thrown out with the bathwater.  I'

[Blacknite4]

Heywood, I believe the 52 week low is 12 cents not 9.  And yeah you are right, sentiment is in the toilet, but is near its extreme at the moment and you know what the means. Time to rebound. And not so coincidentaly, we are almost through golds most sluggish time of year typically ending around the end of June and where are we now? Yeeep. There are many reasons to be bullish for gold that

[Heywood_Silvers]

You are correct, the 12 week low in USD is 9 cents or 12 cents CAD. Unfortunately, the PM stocks always trade in sympathy with the wider markets.  There will be the initial slide down, but the PMs will rebound and be the best performers ala the 2008 - 2009 period when everything else was in the tank. To be truthful, I'd probably be able to get more shares lower than 16 cents CAD, but

[Blacknite4]

First of all Heywood, the FED is/are the Central Banks. Secondly, like all other previous high inflationary periods it comes in waves and the FEDS (Powel)  knows this. We are a ways from being out of the woods yet. With the higher interest rates the smaller banks, (than central) all will suffer to various degrees the higher the rates go and the longer than they are held. There is to be more

[Heywood_Silvers]

Hi Blacknite, over 3 months later but my bid filled at 12.2 cents USD today.  I have another bid in for 11.1 cents USD which I expect will get filled within the next few weeks or so. Unfortunately for SPA, they aren't really spending much time in terms of marketing or creating a buzz for their shares.  Witness the fact that they have not updated their corporate presentation on their

[Heywood_Silvers]

Got another tranche filled today at under 11.5 cents.  Just gotta be patient with the junior resource stocks, don't chase them, let them come to you!  I might nibble some more if we get under 10 cents. With Sprott & Janes having such a large % ownership, long term there isn't much risk of us being bought out on the cheap.