What news in the past 18 days justifies a 35% haircut to SLW anyways. I know silver dropped in price but it did not go down 35% in the last few weeks!!!!! I am long this stock but don't know if it's a good idea anymore. This stock is not acting well
the VALE deal. SLW now has debt.
SLW can re-do the loan out for many years if they have too. They are making too big of a deal about the debt...IMO
Must be the fact that you can't buy physical silver anywhere near the so-called "spot price". Obviously, a lower price will scare everyone who did not sell at $30 an oz to sell at $20.00 an oz (not).
I know of people who are still holding onto their "Beanie Babies" and "Pet Rocks" too.
Sentiment: Strong Sell
SLW trades on the percieved future price of silver as much as the current price. Wish SLW would issue a statement on their finances including the loan structure.