The manipulators are losing control of the physical market, but they certainly have control of the stock market.
If the rest of the market was getting crushed like the miners are, our world would be in despair. AUMN and EXK are two of my favorite companies with great prospects and news coming out, have been slaughtered lately. No debt, great fundamentals. But it doesn't matter. The market makers can set the price. I am 30% in physical silver. Gradually, I believe that is the way to go. Until the great collapse which is coming.
America is not a free country!!! It is sad as we see our once great country listing to its side signaling the coming plunge never to be seen again.
The deal EXK just did with AUQ was really good. They will only issue about $100M in stock and they increase production immediately from 5M to 7M ozs, which puts them in First Majestic's neighborbood. Also, the 2nd property has potential to be another 2M oz mine and has a NPV almost $100M using only $24 silver and $1450 gold.
But I like First Majestic's purchase of Silvermex even more. AG is only issuing 10M shares, but they are adding a district size project. Great move. I am glad my silver juniors are smart and nimble and not like the gold majors and their clunky junky M&A activity.
So there you have it, EXK basically just paid $250M for 2M ozs of production and a development project. Wouldn't you say AUMN is extremely undervalued considering Velardena and El Quevar blow away the noncore assets AUQ is shedding? And yet for some reason AUMN is trading for less than EXK just paid?!
You know Brad Cook would have much rather spent the same amount of money and gotten AUMN, but that would have never been possible LOL.
I am glad you guys are confident this company is not the issue. I am starting to get concerned there is something more with this company than market manipulation. This stock is down every day regardless if the market is up or down!