Earnings were bad as we suspected, the dividend fell 27%, just shy of the 30% we predicted. The average silver equivalent price was $23.58.
The first quarter of 2014 numbers will be even worse as the average sell price will come down $1-2 and the first quarter of last year will drop off and put huge pressure on the dividend which is tied to the previous 4 quarters revenue.
Trying to get shorts off but there is no market right now of any size, will have to wait for the morning and hopefully get a chance before it heads down. Long over 25.50 with the calls, so would love to short the tar out of this thing above that but not looking hopeful. I will keep offers out there until 7pm when they close this in hopes of the greater fool theory, you never know.