Looks like I miss timed my silver dead cat bounce, small loss cant win them all. Im over on COWN right now, might want to take a look, glta.
If anyone is holding out hope that the company may yet repurchase some shares during this buy-back plan, just keep in mind the last plan resulted in ZERO shares purchased:
Silvercorp's prior share repurchase program ran from Feb 1, 2013 to Jan 31, 2014 and authorized the purchase of 8,500,000 shares.
(During that period, the stock traded between a high of $4.50 and low of $2.18. None were repurchased.)
So the good news is they didn't purchase any shares in 2013 that today would be worth much less... of course investors who followed this indicator of management's assessment of share value would have been better off too.
Thanks for posting this psychopath. I don't pay much attention to analysts because if you asked 10 of them where things are headed on a given stock or commodity they would all point in 10 different directions. I do think SVM has some great potential, though. Just waiting for silver to start pushing its way upward, which, admittedly, could take years. I'll happily wait.
Benzinga posted the transcript on Feb 3rd but did not give the date of the interview C. Thompson did with The Gold Report.
CT and Raymond James cover 10 silver stocks and could only recommend '2 or3'. Assumption is Silvercorp is the 3rd as Chris noted 'geopolitical risk' with SVM.
Chris Thompson said SVM was 'cheap relative to it peers'.
The key line was this: (Silvercorp) 'generates healthy free cash flow relalative to its peers at current prices'.
Good luck to you, too, hd. This one has that eery whiff to it of melting. Could be wrong, but I sense a sub-$1 s/p may be coming by Springtime sometime.
Question for you, sir. I'll probably get a much better response from you, creative or otherwise, than one ever would get from lobsterpot himself (even though I did ask him). Do you have any plausible explanation for how, between 2:44pm this past Friday and about 3:30pm yesterday, it was possible for him to have gone from "Got my average well below a dollar now so if and when silver recovers, I am in the $$$!" as he posted above in this thread, to "BTW, all my shares are on the house now.", like is seen in my newly created, $1.27 Topic yesterday? LoL Simply defies the odds, that such magic could be accomplished! Do you suspect that lobsterpot may be the bookkeeper for SVM, too, since he is, uhm, _so adept_ at fabricating numbers?
(Removed and edited for this repost.)
Yeah, right. Try, "It's Gristmil-ing Again! Grinding on support and attempting to break down."
As it's done how many times prior to this, fooling all the complacent, unsuspecting longs?
Do you love (hate, since you're shorting it the whole way up!) the way SAVE is about to break out, toward its all-ttime high? :-D
Don't you hate (Love, since you're adding and adding the whole crash lower!) how SVM appears to be working on a breakdown to recent multi-year lows?
Omg, Lmfao! Mann, are you ever perceptive! I was completely mystified as to What he was talking about and referring to! But, you guys are the financials people, and I'm mainly the technicals guy, and as I am seeing it, the stock looks to be verging on a resumption of the Grinding pattern which I've been citing since $6s. In other words, chewing at _the floor_ until the bottom falls out toward former lows or to fresh, new lows.
As couple or three more of them only, including the coming one, until the powerhouse mining gem is quoted at...
And I'm talking about the same chart, showing the lower and lower highs! . An ascending wedge pattern, essentially. Which, again, is a Bearish configuration. When the pattern breaks, which I foresee occurring soon, the stock should be seen revisiting and testing the recent lows
So, in order to avoid a lobsterpot with the stock--i.e., a trading disaster--repeat after me, "SVMnogood. SVMnogood!" Then, look elsewhere for a stock which IS good, with a lot better opportunity and GLTU. :-D
Hey Ryugo, you make me laugh when you try to play the rube! :) I post about the data discrepancy between Silvercorp's recently filed "Financial Statements" and the accompanying "Management's Discussion and Analysis" -- and you reply with a golly-gee-wizz attempt to confuse the issue: "Hunh? I see you mention two reports, but I'll just ignore both and instead quote from a Press Release on Yahoo (and hope-and-pray the readers here are too lazy to know the difference). That's me, Ryugo the Magnificent!!!"
* You must have overlooked this disclaimer in the Press Release:
This earnings release should be read in conjunction with the Company's Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR...
[I'd suggest prudent investors should read the original and amended reports filed online at SEDAR (Feb 12 & 19), or the SEC's EDGAR website (Feb 17, but not yet amended). Then feel free to contact the company for a satisfactory explanation of why there was a big difference in the filings. After all, it is your business.]
WOW! Can this be true? For all these years they've been rigging PM prices too HIGH??? Well Finally, that must be the reason why the air's been releasing from the bubble and we've seen gold retreat $700 from its high, silver is off some 70% nearly from $50, etc., etc.
Soooo, what sort of punishment ddo you think these 10 banks should receive for the price rigging? A few tonnes apiece of various PMs deposited in their vaults, at zero cost to them, from mining companies? Seems a fair judgment!
You really should see a psychologist poopster because you have lost it....
(Reuters) - The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for a possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries.
Justice Department prosecutors are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the CFTC has opened a civil investigation, the newspaper said.
The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said.
Reuters could not immediately reach the banks, the DoJ and the CFTC for comment outside regular U.S. business hours.
HSBC said earlier in the day that the CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations.
HSBC was one of a number of banks named in lawsuits filed in U.S. courts last year alleging a conspiracy to manipulate gold, silver, platinum and palladium prices, plus precious metals derivatives, during the daily precious metals fixes.
(Reporting by Supriya Kurane in Bengaluru; Editing by Anupama Dwivedi)