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SVL, SILVER MINES LIMITED
mullokintyre
post Posted: Feb 15 2021, 09:24 AM
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SVL comes out of trading halt after raising 30Mill to those ever present "sophisticated investors" at 13% discount to VWAP.
SP still holding at 25, which is a little surprising.
I have tried swapping my footy shorts and AC/DC black T-shirt for a dinner suit while investing, playing Mahler or Debussey in the background instead of John Lee Hooker, and swapped my Vic Bitter for Heineken special, but just can't seem to make the sophisticated set.
Maybe some advice from you sophisticates out there might help.
Probably now buggered up the great trading ranges this share has offered me over the years.
Oh, well, might shift to something else.
Mick



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mullokintyre
post Posted: Feb 5 2021, 03:36 PM
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Kinda surprised that SVL closed at 25.
I would have though that after the action of the past week with the Reddit experts trying and failing miserably to repeat the squeeze on Silver that they put on GME, the punters would have raced for the exits.
Silver now down nearly 15% from its recent high, but still a queue of buyers for VL, albeit at lower prices than the 25 offered.
However, enough changed hands at at that price later in the day to put a bit of a floor under it.
I guess its ok given the 52 week high during the week was 36.5, but SVL has had much bigger swings during the year.
Was looking to repurchase under 20, but I may miss out on that one.
Mick



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mullokintyre
post Posted: Nov 9 2020, 08:36 AM
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SVL heading towards highs again as silver price ramps up.
The recent report reckons they have 6 quarters of cash left.
Not convinced on that (especially as the last quarter was about 3 times the next quarters projected expenditure).
As they Bowdens starts to really get serious, they are going to have to spend money on design work, hiring some staff etc.
It would make sense to raise cash before they need to and when the SP is near its all time high.
Betting there will be a cap raise late this year , early next year.
Still keen on Silver, but only at the prices i am happy with.
Mick




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mullokintyre
post Posted: Oct 8 2020, 09:17 AM
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SVL showing a little more buyer interest.
Have had some low ball buys in at 0.14, but despite the substantial falls in Silver, it has not come down to those levels.
Will not chase it up, at some point in time they are going to have to go to the market if they want to develop bowdens,
I plan to have another go once that is under way.
Mick



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Said 'Thanks' for this post: early birds  rlane  
 
mullokintyre
post Posted: Jul 27 2020, 10:52 AM
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SVL approaching those highs of 21.5 back in 2016.
Its hard to believe that this stock was valued at 39 back in 2015.
Would be nice to see those days again.
Mick



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mullokintyre
post Posted: Jul 26 2020, 03:26 PM
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In Reply To: nipper's post @ Jul 26 2020, 01:44 PM

Well, I guess thats the end of it.
Environmental Lawfare will the project and eventually the company.
Mick



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nipper
post Posted: Jul 26 2020, 01:44 PM
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QUOTE
Residents of the hamlet of Lue in NSW's Central West fear that an open-cut silver mine proposed for development two kilometres from the town may end up being as much a source of lead as it is of the precious metal.

Bowdens Silver, the mine proponent, said that silver will remain the operation's focus and that the mine, 30 kilometres east of Mudgee, is the largest undeveloped silver project in the country.

If approved, Bowdens Silver will mine silver, zinc and lead over a period of 16 years and truck the minerals through Lue and Mudgee. It predicts the silver produced during the mines life will yield 71 per cent of its revenue, while 18 per cent will be derived from zinc and 11 per cent from lead, a spokesman for Bowdens Silver


https://www.smh.com.au/environment/conserva...55f66.html?btis



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jul 22 2020, 10:14 AM
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In Reply To: Farleap11's post @ Jul 21 2020, 11:48 PM

Already gone thru 15, last trade at 15.75.
All of a sudden the sellers have gone, and there are 4 times as many buyers.
This could get really interesting.
Mick



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Farleap11
post Posted: Jul 21 2020, 11:48 PM
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In Reply To: mullokintyre's post @ Jul 21 2020, 01:47 PM

Will hit A$0.15 again by Friday based on increasing gold & silver prices.👍

 
mullokintyre
post Posted: Jul 21 2020, 01:47 PM
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In Reply To: mullokintyre's post @ Jul 17 2020, 02:14 PM

Well, didn't take long to prove me wrong yet again. Broke thru the 12 barrier and sitting at 0.1325 .
Now a significantly larger number of buyers than sellers.
Silver sitting at 20.32.
Should be a good ride from here on in.
Mick



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