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Silver, Pure silver plays on the ASX
nipper
post Posted: Dec 15 2020, 11:02 AM
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Thomson Resources (ASX:TMZ) could be positioned to capitalise on the silver resurgence, with an existing Gold portfolio and the pending acquisition of two silver assets. Thomson is a NSW focused explorer, set to acquire 100% of two transformational silver assets in the first months of 2021, with due diligence to be completed in January.

The Webbs Project is Australia's highest grade undeveloped silver asset and will be complemented by the Conrad Silver Project. Historical workings show Conrad has a very large "in ground value"; one which the previous owner demonstrated to have value of almost one billion dollars.

Both projects have seen historic silver production and have a resource defined compliant with the JORC Code 2004 as follows:

  • Webbs: 1.5Mt @ 345g/t Ag Eq ; 16.5 million ounces Ag Eq
  • Conrad: 2.65Mt @ 206g/t Ag Eq ; 17.5 million ounces Ag Eq
Both silver projects are located in the New England Fold belt in NSW and combined, equate to an acquisition of over 30 million ounces of silver equivalent resources.

The projects will be acquired from the $207M capped Silver Mines Ltd (ASX: SVL), and as part of the acquisition, Silver Mines will hold ~ 19% of the issued shares of TMZ, which will be escrowed for 12 months. Silver Mines Managing Director Anthony McClure will take a board seat as a Non Exec Director.

The company is aiming to start aggressively expanding its silver resource base over the coming months, both organically and via acquisitions.

There is an experienced management team driving this agenda and it has been strengthened by the engagement of Global Ore Discovery, led by Stephen Nano. Global Ore is assisting with running the due diligence process of on the silver assets and has a history of silver project generations that lead to takeovers.

Thomson has a $30M market cap, and recently raised $6M, so appears well funded for near term exploration.



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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 27 2020, 10:57 AM
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MKR and ARD both hit yearly highs today.
Silver to the $23 mark on Asian trading.
Don't know if the Commercials will be able to knock it down with their paper trading this time round.
Onwards and upwards.
Mick



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sent from my Olivetti Typewriter.
 
balance
post Posted: Apr 23 2015, 07:35 AM
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In Reply To: mullokintyre's post @ Apr 23 2015, 06:50 AM

I think it's a spoof name. I was just looking around and it appeared as a joke on an American comedy show some years back. Either that or his parents watched the show and did indeed hate him and became sick of calling him a little $#!T.



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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
mullokintyre
post Posted: Apr 23 2015, 06:50 AM
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The quote below is interesting on two fronts.
Firstly, its content in that it is predicting a short squeeze on Silver and a possible price rise (good for me).
The second thing is the name of the bloke who wrote it.
Is it a typo, a spoof, or did his parents just hate him??
Mick

Silver Short Squeeze

QUOTE
By Turd Ferguson | Wednesday, April 15, 2015 at 12:09 pm
Back in March, Comex silver prices surged 13% in just 6 days as a massive Spec short position was squeezed. Could the same setup be appearing again, primed for squeezing later this month? It certainly appears that way.

Recall first the circumstances surrounding the squeeze last month. Conventional wisdom held that the FOMC meeting of March 17-18 was going to precede some sort of announcement of an imminent Fed Funds rate hike. In anticipation, momo-chasing Spec fund money came flowing into the short side of Comex silver.

In the three weeks between February 24 and March 17, Commitment of Traders data shows that the Large Spec GROSS short position in silver grew from 20,009 contracts to 37,238 contracts...an increase of over 86%...all while price was declining from a 2/26 intraday high of $16.62 to a 3/11 intraday low of $15.36. This massive buildup of Spec short positions left silver ripe for a "short squeeze" and, when the FOMC Fedlines of March 18 failed to include the anticipated rate hike language, it was off to the races.

Over the six trading sessions from March 18 through March 26, price rallied from $15.40 to $17.40, or roughly 13%, and over this same time period the Large Spec GROSS short position declined by nearly 15,000 contracts, back to near 22,000.

What has happened in the time since? Despite all of the lousy US macro data, including the awful employment data of two weeks ago, conventional wisdom has once again decided that rate hikes are imminent. To this end, silver has fallen back to near $16 and, with it, silver open interest and Spec shorting is rising once again. As of last evening, total Comex silver open interest now stands just 1,300 contracts below the all-time high of 179,123 set on March 18. Check this out:

DATE TOTAL OI CLOSING PRICE

Feb 27 160,392 $16.56

March 18 179,123 $15.54

April 2 168,308 $16.70

April 14 177,877 $16.16



To me the conclusion is quite clear. The risk in silver is NOT to the downside with a drop through $15.50. Instead, the risk is being taken by the Spec shorts. They are being set up once again for an epic squeeze. This move is not yet imminent and it may be timed instead for the next FOMC meeting in two weeks. This would coincide with May silver contract expiration and the mandatory Spec short-covering that would naturally occur anyway.

Therefore, could another squeeze and panic develop, similar in size and scope to March? Certainly. And could you profit from this move? Absolutely! Those willing to gamble in The Casino and confident enough to take a contrarian stand against the momo-and-headline chasing Specs, will very likely be richly rewarded. These profits can then be used to acquire additional physical metal to add to your stack in preparation for the eventual end of The Great Keynesian Experiment.




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mullokintyre
post Posted: Sep 12 2014, 12:49 PM
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In Reply To: wren's post @ Sep 12 2014, 11:39 AM

Thanks Wren, but I needed something in USD. I had about 40kUSD in my Pershings account after the sale of the XHB ETF, and had not converted them back to AUD, as I wanted to keep my
balance of a variety of currencies in which I am invested.

Mick



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wren
post Posted: Sep 12 2014, 11:39 AM
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It is possible to 'Buy' Silver on the ASX. Code: ETPMAG. This is not a leveraged play,unlike the ETF SIL mentioned by Mick which is a US based ETF.
BTW,Silver is cheaper today than yesterday!

 


jacsar
post Posted: Sep 11 2014, 01:14 PM
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In Reply To: mullokintyre's post @ Sep 11 2014, 12:04 PM

Thanks for the link, Mick as was looking for something like this...cheers jacsar

 
mullokintyre
post Posted: Sep 11 2014, 12:04 PM
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With Silver now below USD19, perhaps its time to look at the bottom for the metal.
Unlike gold, Silver gets consumed in significant quantities in industry.
Yes, the loss of the photographical market has affected it, but there are more and more industrial uses popping up especially as an antibacterial coating in the food technology and medical field. (You can even get dishwashers with an internal coating of silver!).
The paper derivatives, with many times the value of all the gold mined in the world so far), have been the weapon of mass destruction for silver.
However, it can't keep being pulled down forever.

I have no idea as to whether the silver price has further to go down or not, but the upside is almost limitless.
Despite a gradual fall in price, its instructive to look observe that the vast majority of silver stocks In the following link of silver stocks
are mostly still in the mid range or better between 52 wk hi and 52 wk low.

I tried to paste the table, but the formatting gets screwed, so for those interested, they will just have to download the table for themselves.

it is interesting to note that one of the larger producers, CDE, is probably now making a loss on every ounce it mines, as does First majestic and Panther.I was pondering which of the silver producers to have my play in.

In the end, I decided to use the USD from the sale of my XHB ETF to buy another US denominated ETF, SIL.

Mick



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Said 'Thanks' for this post: Barra  
 
flower
post Posted: Jan 6 2014, 05:52 PM
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If the POS is truly recovering, CCU is way ahead of the silver price in USD, therefore may have plenty of upside potential, chart enclosed.
Attached File(s)
Attached File  CCU.gif ( 29.84K ) Number of downloads: 47

 




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Combining Fundamental comments with Fundamental charts.
 
flower
post Posted: Jan 29 2012, 11:07 AM
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Silver at USD44 makes silver stocks worth close investigation again IMO, plenty of upside potential.

chart 1--shows silver's high in 1980 of USD49.45 being worth in adjusted inflation terms as being worth USD130 today, makes you think--given todays spot market is only 25% off the all time high, and 2012 is hardly 1980.

chart 2--shows current spot silver situation in USD with upside potentials notice it has popped over it's 200EMA
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Silver's high in 1980 of $49.45 per ounce adjusted for the CPI index equals $130 per ounce in today's dollars:


Attached File(s)
Attached File  SILVER.gif ( 12.42K ) Number of downloads: 39

 




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Combining Fundamental comments with Fundamental charts.
 
 


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