Seems that the incredibly rapid spike in POS is making investors cautious because there is the possibility of a sharp correction in spot price and then in SLW and other silver stocks. THey said it was a time to be nervous.
I am nervous. I would like to at least get back up a couple bucks.........................
I drew you some charts. Also, check out the slw:slv chart at stock charts. I think Slw is signaling upcoming silver crash. Converted the rest of my silver to gold today.
Call yourself. It was a fair comment on nervousness of silver investors that are buying or making deals on the spike in price of the century~ If you don't fear a pullback in the middle of a deal you make or sale you make, you are not looking realistically at this. It could go down as fast as it went up~ Who could possibly know?
All you people who doubt what they told me, I suggest you put your big boy/girl pants on and make the call. THey are very nice to talk to. Last time I called SLW was at 3 bucks.
You should have talked about the South American political impact on silver streams. The pop is abnormal and will regress to the mean.
The San Dimas strike is real, and may affect SLW price.
The issue of Peru commandeering one of SLW's better streamers, and voiding the contract as unconscionable (meaning not in the best interests of the multitude) is not only possible but a US Supreme Court Decision for even the US! over forty years ag--your takeaway--real is as real does.
The quarterly will show us all, the actual effect.
It is only 4:30 in Vancouver give Brad a call, he is the VP of Investors Relations and ask him. He might be able to give you an actual answer instead od someone just ranting on a message board.
Other then looking for new streaming deals, not much to do at slw except open the mail and deposit the checks as they come in. No minor is without some risk, but slw has taken a lot of that risk out with over 20 streaming deals in place. Does anyone expect not to have a bump in the road from time to time with that many mines on line?
The new ceo knows the business, has been with SLW since the start. I think this will prove to be a positive as time goes on. JMO
That one mine strike does not cost SLW anything but time(the silver will be received by SLW sooner or later). SLW just has a few employee's.One of the reason's that I invest in SLW is that it is a royalty silver streamer,and management was smart not to have any Bolivia mines.These rising oil prices are a plus for SLW(rising oil prices most likely will cause higher inflation),and unlike a silver miner(rising oil prices is a major cost of production),SLW is insulated.
talked to Brad at SLW, nice guy!......no more statements on the ceo leaving. What's done is done. Personally to me it seems it might have not been all that friendly....just a gut hunch.
Will have an update on san dimas with luck in the next couple of days. They run 18-19,000 tons a day and have a capacity ( to catch up after the strike) of 22 tons a day.
other than that nothing else.
I spoke with Brad as well. He appears to be a straight shooter. Barnes wanted to move on so they said let's do it sooner rather than later. The new ceo has been president for about a year and a half and is a geology guy. I think their game plan has not changed.
My experiences with calling investor relations depts. of companies have not been so hot. Once I did with Graystar (T.GSL), and look where they are now. Even spoke to a major officer there. Just off the cuff opinions in my experience yielding very little substance. Almost like gossip. Everything is always slanted in a rosy direction. Searching for assurance is a rabbit trail. You either have confidence in a stock/company or you don't. It is what it is.
The workers at silver Wheaton are refusing to make eye contact with their spouses and children and refusing to participate in extra curicular activities because the price of silver is going to high! OMG