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It's not like SLW management didn't know this substantial dilution would cause a large sell off. Anyone holding April or May call options just got abused as a result of this morning. The perfect opportunity to mention this deal would have been during the earnngs conference call. Yet they didn't say a word about it.
But company will be doing twice as many ounces by 2019. These deals should be internally financed or with equity owing to their long nature. But any pure equity deals should be accompanied by progressive share buybacks as the projects mature.
I just bought a small amount of 1500 shares at $16.70. I remember when there were under 200M shares of SLW. Now over 2X as many. Wish they would just stop doing deals for higher and higher prices and let the cash roll in. Guess they have to justify their salaries.
Anyway, I think the 5% selloff is a time to buy if you think silver is going up.
I think you're right...but if Canada wins I hope slw moves the whole operation to the Caymans. No good reason to be in Canada anymore..imo
My apologies, the site is USAWatchdog punctuation commercial. It is the top article with title "Fraud Key Profit Center for Wall Street-William Black".
The Safehaven website is experiencing problems. There is no "William Black" article among the authors. And their search box responds with errors. Their staff must be on "spring break".
If you provide the title of the piece it probably can be found on another website.
For a little more information on the reality you speak of, have a look at the William Black article at Safehaven punctuation commercial. It is a great read that the government can do no wrong folks especially should read, but probably will not.