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Silver Wheaton Corp. Message Board

  • wingchopper123 wingchopper123 Nov 2, 2012 8:51 AM Flag

    This stock should still move up today if the trend continues

    This stock is about 20% over bought, and it might still get bought. The last time this stock was over 41 Silver was about 7$ higher. Treading lightly. GL

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    • This company will eventually price in at 1.6 times the silver price. I would like to see silver stay low and slow. The management claims to be "Busier than ever" in deal negotiations.

      "TORONTO (miningweekly.com) –

      Silver Wheaton CEO Randy Smallwood told Mining Weekly Online that although year-on-year profit for the June-quarter slid by 5% to 141.4-million, the company was in a strong cash position, with about $600-million cash in the bank and another $400-million available in its revolving loan facility to pursue funding and streaming agreements with other companies holding quality assets.

      “Our low-risk business model entails investing in companies on the lowest end of the production cost curve, sheltering us from the extreme fluctuations in production and market cycles,” he said during an interview.

      He pointed to numerous companies holding assets that could suit Silver Wheaton’s profile of low-cost, high-value projects with large quantities of by-products. Among those was Turquoise Hill Resources and its massive Mongolian Oyu Tolgoi copper/gold project, as well as the world’s top copper producer Codelco’s numerous development projects."

      From Bloomberg...
      “The challenge for financing mines right now is that the traditional forms of financing, debt and equity, aren’t very strong,” Smallwood said. “Forms of financing like streaming are very much in demand, so we’re busier than we’ve ever been.”

      "It’s easiest to negotiate deals when metal prices are stable, Smallwood said. When they rise, Silver Wheaton benefits from increased cash flow, “but expectations start shooting up quite rapidly.” “If we see continued stability of silver, trading between the high $20s, low $30s, then I’m hopeful that we will be able to make a few more acquisitions,” he said."

      More good solid deals coming our way, especially if silver stays in the price range mentioned by Smallwood. Thank you, JPM?

      Sentiment: Hold

    • you are right and you are wrong. it is over bought but it will be sold off big time today with metals getting smashed. this is the excuse to sell slw at the recent top

 
SLW
26.43-0.06(-0.23%)Jul 23 4:02 PMEDT

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