OK gang, time to get OT, since this affects SLW. What are the most likely small cap micro cap miners with the most promise of takeover?
If gold backs off as Schiff surmises, and the strength of the dollar as cream of the crap means gold is a winner eventually but not necessarily near term, which micro cap gold and silver co's have a good shot at takeover, by --anybody--
And while you are at it, understand SLW hasn't made a deal for a new mine in a while, although the in progress mines are running at full tap.
Check the premium for real physical over paper silver and you can see the spread attracting attention of those bigger miners with respect to consolidation.
So who have you been looking at in the tinier contenders? Who do you own?
Though not a junior, I really like First Majestic - AG
They've been firing on all cylinders with production slated to double in 2 years. Later this month they're going to announce drilling results that will outline a huge ore body. Their mines are high grade. If silver is going up when they announce you'll see an easy 10% jump in one day. Yesterday AG was up when every other silver miner was down.
The total silver comex OI is behaving quite different to gold and I believe something big is brewing. Let me explain. The huge margin costs have blown out the small guy in silver, coupled with the MFGlobal confiscation. Only, in the know players willing to take on the establishment, is playing silver and these guys refuse to buckle despite the massive shorting by our banker friends. The OI in silver rose from 105,688 to 106,471. The front options expiry month of January saw its OI fall from 62 to 44 for a loss of 18 contracts. We had 42 delivery notices on Thursday so we gained 24 notices or 120,000 oz of additional silver standing. The next big delivery month for silver is March and here the OI rose marginally from 57220 to 57,726. The estimated volume at the silver comex came in Friday at 40,208 whereas the confirmed volume on Thursday was also in the same ballpark at 42,796. The volumes in silver have been declining rather rapidly these past several weeks from previous comex sessions.