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Silvercorp Metals Inc. Message Board

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  • pm_guru_1 pm_guru_1 Oct 31, 2011 1:40 AM Flag

    Congratulations SVM longs

    I actually took profits on Fortuna last week. Nothing wrong with it, just that I bot last year @$2 and I took 220% gain. Still have a lot of FSM (I bot at 1.92 so I have lots of shares) Will sell more Fortuna when it fills the gap and retests $7.

    Right now I am infatuated with AUMN which has MASSIVE silver resources, a good near term production mine, thanks to ECU deal, and El Quevar is an up and coming world-class silver project. AUMN has been absolutely taken to the cleaners by malicious shorts (for no good reason). Its cratered - good time to buy IMO. AUMN has LOTS of cash to meet objectives and will be cash flow positive in Q2.

    AUMN also has 43-101 updates slated for this Q which should be a catalyst for turnaround. AUMN also has 2000tpd PEA for Velardenas in Q2, which will transform AUMN from a 1.5M oz producer to 8M++ Ag-eq producer (4M oz Ag, 80k oz Au, and a buttload of lead and zinc.)

    I highly recommend silverbugs with patience and time horizon to give AUMN a look and DD. They only have 38M shares fully diluted!!! Look at those massive reserves!!! Look at El Quevar (mine #2, which has a lot more drilling ahead, high grade and will get a lot bigger).

    2M shares shorted, so massive short squeeze on low volume stock is IMMINENT. Check out SVM and GORO to see what a silver short squeeze looks like LOLOLOL