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Endeavour Silver Corp. Message Board

  • quailrunrd quailrunrd Mar 1, 2012 3:33 PM Flag

    EXK sure acting sluggish

    Yesterday silver price drops 6% and Exk drops 6 1/2%. Today, silver jumps up 3% and EXK moves higher by only 1%. Not sure why this gem of a silver miner has been acting so sluggish for the last couple of weeks. Is it due to a lack of recent news releases? Who knows for sure! Earnings release should be coming up in the next couple of weeks. That should put EXK back on track. GLTA

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    • It is going to be interesting how the earnings report is going to be taken by investors.Holding back silver looks like its gonna pay off in the long run but im curious to see how the street reacts if there numbers dont meet expectations?

      • 2 Replies to scup79
      • I would suspect "expectations" on earnings will be revised significantly lower knowing that EXK has altered course and is storehousing it's silver/gold rather than selling into the market. So EXK should meet properly revised "expectations".

        There will obviously be a reflection in the earnings statement indicating the value of stored silver and gold....perhaps valued as of the last day of their reporting quarter. But precious metals have risen since then. This company better watch out if their share value takes a hit even though it's cash reserves....and now precious metals reserves are growing big time. They could easily become a takeover target if they are undervalued.

      • Personally I like that they are stackers. Smart, very smart. As the CEO states in the interview, they'll keep stacking until prices approach their highs of last year, which he believes will happen near the end of this year, or until they decide whether to make a merger or make an aquisition.

    • Just after the close today it popped up over 2.5% in after-hours on no news. maybe someone knows something or just a speculator?

    • I think investors are afraid to invest in miners. Getting burned too many times.

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