Both the quick ratio and current ratio(acid test) are below 1, which means SSRI may have trouble paying it's bills. A further drop or even drift in silver prices will drive SSRI down, maybe to the 7/8 level. Why not simply sell some otm puts at that level. You get to keep the premium either way, and lower your cost if it hits there.
I listened to the entire conference call. Everything was pushing forward in accordance with their plans. No delays on the horizon. I've noticed that when the sector starts turning up, stocks like SSRI take off with huge bounces. I owned it in late-2008 and it went from 7 to 15 in about a month.
What you might not know is, Paulson, yea the guy who made a killing by selling his own debt cdo's to unsuspecting banks and make billions started a gold based fund which bought a ton of mining shares. I bet the huge run up after 2008 crash was due to this money coming into the markets and causing the shorts to cover. But now there just is not much intrest in the sector to keep the shorts at bay. Although the shorts are at a record high right now and the dow made a new high, IF the dow drops fast, the miners will just cratter just like in 2008 except in 2008 they were much higher. These days stocks dont move on company fundamentals most of the time.