***Tahoe President and CEO Kevin McArthur said, "We are very pleased with corporate performance through the end of 2013. Capital spending to complete the Escobal mine came in very close to our initial estimates and we were able to declare on-time commercial production, effective January 1, 2014."
The Company anticipates producing between 18 and 21 million ounces of silver in concentrates in 2014 at an all-in sustaining cost of less than $10.00 per ounce (see press release dated November 12, 2013 and cautionary note below). The Company has guided that 2014 production will not be divided equally over the four quarters of 2014. Ramp-up of production will continue during the first half while the paste plant optimization is underway. Consequently, production in the first half of the year is expected to be lower than that of the second half, and costs in the first half are expected to be slightly higher.
Effective immediately, organizational changes have been approved by the Tahoe Board of Directors in order to recognize high achievement and to provide for optimum 2014 and future operations.
Kevin McArthur has been appointed vice chair and CEO. Mr. McArthur continues his daily corporate responsibilities and will focus on strategic initiatives, corporate communications and board governance programs. First priorities will include monitoring operations excellence, optimizing the corporation's balance sheet and establishing a dividend policy in 2014.
Tahoe Chair Dan Rovig said, "Tahoe succeeded on all fronts in bringing the world's third largest primary silver mine to the marketplace in a very short three and one half years. This was an immense team effort involving over 850 employees. Shareholders should be very pleased with the result, and Tahoe's board and management will continue our intensive focus on delivering long-term shareholder value."***
TAHO: $24.38 +$1.24 +5.36%
52-wk High: $24.37
52-wk Low: $11.87
SVM: $2.30 UNCH
52-wk High: $4.21
52-wk Low: $2.16
Quite a difference the market is displaying between Trustworthy management teams--MUX's McEwen and company's team, and TAHO's McArthur and team; both gentlemen former key development leaders at market-trusted Goldcorp--and the UNtrusted mgmt crew at Silvercorp.
Bwahahahaha! Keep up the comedy, chuck! Too danm funny!
Did I happen to tell you some *precious gem* stocks which are now trading at or very close to new 52-wk Highs, while SilverCraaap scrapes the bottom of the barrel? MVG, MUX, FNV and TAHOooooo!!! GO GO GO GO GO GO GO GO GOOOOOOOO!!!!! YEAHHHHH.
Only thing funnier is reading all the Grade F investors and void of market IQ, insecure people here who feel they're doing themselves a benefit by IPing me and/or expressing that I don't know anything! Gee, name one other person who's been sharing such valuable, keen insight regarding tried and true principles like, oh, say...
1) LEADERS LEAD AND LAGGARDS LAG!
2) QUALITY MANAGEMENTS COMMAND BETTER AND HIGHER MARKET PREMIUMS WHILE *TERRIBLE* LEADERSHIP GETS LITTLE TRUST AND HENCE HAVE LOWWWWWWW PRICE MULTIPLE STOCKS.
You have to Love it!!! I'm *TELLING* you you have to love it!
Though 10-15% above 52-wk low while some miners are starting to flirt w/ new 52-wk Highs. MUX, MVG, TAHO, FNV! GO, GO, GOOOOO!!!
Whoops, in case it wasn't apparent, I meant to type that the companies usually had much difficulty eking out any profits when silver prices were at $5, $10 (not $1 as I had typoed) and $15. Let's seeeee...the price of the metal is up 4-fold since ~2001, and...how much are "the top, primary silver producing gems" faring in comparison?
Are you suggesting there isn't a blaring disconnect between "the top, primary silver producer stocks" and the metal itself? Have you ever even checked the HISTORICAL charts of these companies...or taken notice of how many years of being in business they also lost major money--i.e., couldn't make any profit--when silver prices were at $5, $1 and $15?
Longs in all these "top, primary silvers" are all misguided and led astray by the many website pumping columnists into believing they're "great growth stocks," when the bittersweet reality shows they are long-term, bleeding dogs, subject to the occasional, speculative fevers, each of which ends badly with the perma-faithfuls like you unfortunately left carrying the mostly emptied bags.
And the book value keeps slipping and dripping away by at least a few pennies more...but you'd better nevermind that by not mentioning it, as all that interests you are how every dead doggy bounce reassures your conviction, being oblivious to each new, fundamentally negative tidbit which surfaces.
Wasn't it a "good sign" whenever the "Somebody was scooping up all the cheap shares" when $5 gave way?
How about when several longs were asking, and were feeling comforted by the "Someone (who was) scooping up all the cheap shares" as the stock went slicing through $4???
Funny how longs always regurgitate this hollow wish. C'mon, trader, are you really an "investor" on these successively lower lows, or merely turning the stock over with swingtrades as your username implies? Care to acknowledge?
Such a fantasy world. Now if only the fantastic delusions could carry over to your VELTF_DOG, too, huh? The only _anger_ I am feeling is, how anyone can be so GD foolish to not only keep buying (oopsi, those weren't actually your buys but must've been your Lies!), but truly Believing that a stock that's fallen from north of $2 last May to just over THREE CENTS A SHARE TODAY, will come back like a phoenix from the ashes, recovering your decimated position in the process. It makes me _angry_ that there are so Many gullible people like you in the market who never wanna admit their terrible speculations, certain with determination that you're "right" while throwing more and more money into the fire as it burns you through 40-, 50-, 60-, 80% or worse losses. Don't you ever get tired and sick of being wrong???
How can I be "looking at the past" when you can see clearly at my post's conclusion the outlook--yes, outllook means FORWARD BASED--I have for the stock is a continuing slide, with many intermittent downdrafts and not-so-mini air pockets (oopsis) to $0.50 per share. It doesn't matter that you are apparently another of SVM's perfect traders who wish to conveniently brush beneath the carpet and have everybody somehow forget the buys they excitedly broadcasted. I don't care if you believe I "am angry." Take a read of Your post. Now there's one which steeps with ire! A bitter attitude, namecalling, denial, etc.! What's the problem, were you downing too much rum too early in the day? :-) Must be some cheap, bottom shelf garbage if it's leaving you so embittered!
So, you saw the recent PR about them finding a big gold deposit, then announced that you'd better be buying more. But of course that did not happen! It COULDN'T have, since because, well, the stock has *dropped* more than 20%!!! And we all know that NOBODY who posts on YeahWho message boards as a flag waving, patriotic long EVER loses money nor has any stock with a position underwater! Dude, I have no doubt you're making a Killing here, as it's common knowledge that every time the stock hits new lows, everyone long the stock from $4, $6, $8 and $10 has their cost basis AUTOMATICALLY AND COURTEOUSLY RESET by their brokerage firm right down TO that newly lower share price! Isn't that true, wonderboy? So even though you'd rather me be unaware of your buying at $2.80+, I'm "sure" that all the SVM you purchased has an "average cost" at yesterday's $2.16, so after today's first gain in 11 sessions has you sitting pretty!
"Hi, I'm mymailtoyou45, and I bought A LOT of SVM stock in the $2.80s on Feb. 21st, shortly before this streak of 10 straight down days occurred, and yes, in spite of the fact that *I* am down ~20% on that trade, I am sending out my heartfelt, genuine concern for you dreaded shorties here of SVM, *WARNING* you that you had better cover Soon! You see, with SVM at $2.245 per share today and FLYYYYYING high off of its multi-year low yesterday, and me scurrying here to alert you Bashers that you're fixin' to pooooopie your pants, well, all I can say is you'd better COUNT on me being here t tell you what esshole-schmessholes you all are once that stock runs up and is quoting $2.40s-$2.50s...very, very eager to diminish the reality that, yes, I'll still be carrying a double-digit percentage decline on those shares which SVM sucke*RED ME* to buy on that big hype news of them striking gold!"
Feb 21, 2014 Open: $2.82 High: $2.90 Low: $2.76 Close: $2.79
*** SVM strikes gold
by mymailtoyou45 • Feb 21, 2014 2:17 PM Flag
Silvercorp Metals Inc strikes gold and the stock gos down?
I will buy more
Word up, mailtome, I promise you I will be shivering timbers each and every time it has its monumental and mighty COUNTERTREND, BEAR RUNS on its long-term grind down to...
"Plant throughputs, ore grades and metal recoveries were higher at all three mines."
Hmmm, not long ago I recall you debating with fasebyao, asianvest, and others that achieving higher grades was impractical to impossible. How'd They do it?
"it is stupid to ramp up production in the face of low silver prices as you can see now.
ramping up production caused all other miners to lose major amounts of cash."
GOSH DARN YOU! I take that you've apparently Still not written to TAHOe Resources' CEO Kevin McArthur to lambaste him for his "stupidity" for ramping the company's production to 20-million silver ounces. Woo! You don't think he's a genius for doing so and leading TAHO on the fast path to huge profitability (and thus, a high stock pricetag) while, uh, "causing all other miners to lose major amounts of cash?" So, since when is it not each individual company to seek to maximize their Own P&L rather than be at the mercy of some other miner who Dares to increase production??!!
" shorts still want to play their games it will only cause a major silver shortage throughout the world.
and are they going to give me the 15 dollar silver they promised me or not?"
Lmfao! Going on a full year now since we've heard your threatening calls about "major silver shortages" and time still marches on with more than adequate supply! Of course, if there WAS any hint of shortages, why, we might actually be seeing a $21.xx price handle which would SUSTAIN for maybe a couple or three days in a row, instead of meandering sideways for...for as long as you've been PRAYING that "price spikes are coming," while instead the metal has seen $10, or about 1/3rd of its price, go wilting from the vine. What's funnier, is how at $30.90 Ag you were clamoring wildly for $29s so you could max out any credit card you could obtain so you could default on the debt and shaft the banks. Now, with MONTHS of silver's prices available on either side of $20, the #$%$ comes out in you and suddenly you want it even Cheaper! Just like SVM shareholders who were loaded to the gils already with stock and beatched and beatched at shorties/Bashers at $6 that "lower stock prices NEVER to be seen," were suddenly getting thumbs-ups for posts saying, "Hope it goes a bit lower, 'cause I'd LOVE the opportunity to add some shares below $5!" Then, after plunging through that level, it was "Boo to the Bashers who are saying we'll see $4 taken out! But HOORAY to all longs who are claiming they "Hope it drops to $4 or less so I can avg down again!"
True it *perhaps* may be that the streak of 9 days necessarily is irrelevant....though the swiftness, and as we all saw, was with relative Ease, of the stock smashing straight through the, uhm, "new uptrend" line that it had been establishing...THEN blowing just as voraciously through the ~$2.65...AND plummeted right below the $2.46 support...AND has sliced through its former lowest closes to highlight the NEW 52-wk CLOSING LOW list again today while most of its peers are faring magnitudes better...well, I could be wrong, but I doubt it! I believe there are some serious issues ongoing at the company which has an uncanny way of being _preannounced_ within the tape activity of the stock that Definitely means something.
Stay here for awhile and find out. After all, you're the self proclaimed expert at flushing toilets! LoL So what are some of your personal thoughts for if, when, to what further lower levels, and on what kind of business circumstances might cause SVM's commode to be expertly flushed? :-)
What, I thought people Loved ryugo's idea of Silvercorp and other miners who pay a cash diviend, to switch to delivery tax deferred _gifts_ of quarterly silver bullion? :-) Wonder who the two (so far) are who objected to my post.
Out of curiosity, when you Did first begin posting--in 2012, you say--would you happen to recall any specifics you may have read from me in regards to fundamental concerns, technical conditions, prices and areas where I noted short positions I had taken and/or proposed TO take if or when certain price zones, support areas or trendlines blow out, comments on prevailing sentiment and the swings it experiences and its effects on share prices, or targets for the stock itself?
Also, since everyone else seems to essentially be sloughing off all your PsOV and lines of reasoning, might I be first to entertain your outlook for those _nuisance byproducts_ which SVM mines and markets. How's the demand in China and the Asian Pacific region for industrial metals, the lead, nickel and zinc which Silvercorp sells? I cannot speak from knowledge of current prices of those metals and how they compare to recent years' trends along with the forward outlook...however I do read and hear a lot about major global miners, steel companies, economically sensitive industries and so forth that things are not quite going too well. Either the people who Are recommending those sectors as "good recovery plays" are just completely out of touch with reality, or they're doing what they do best, i.e. touting the stuff they're hllebent on offloading to the public! That "recovery pick" talk has been going on for 4+ yrs running, and although I am not suggesting recession is imminent, I'm thinking there's a downdraft and softening in the stew that'll come to fully brew in about 6 to 9 months.
Wow, ninth consecutive day of trading Red??!! THAT, ladies and gentlemen, is the definition of a market *POWERHOUSE*!!!
It's a very, very, very strong Stock!
It's a very, very, Very strong stock!
It's a very-very-very-very, very-very-very-very, Very strong stock.
Date .. Open .. High .. Low .. Close
Mar 8, 2014 2.27 2.28 2.18 2.19
Mar 7, 2014 2.35 2.36 2.25 2.26
Mar 6, 2014 2.43 2.43 2.36 2.38
Mar 5, 2014 2.45 2.46 2.40 2.42
Mar 4, 2014 2.50 2.50 2.42 2.43
Mar 3, 2014 2.64 2.64 2.51 2.52
Feb 28, 2014 2.58 2.60 2.54 2.54
Feb 27, 2014 2.67 2.68 2.51 2.55
Feb 26, 2014 2.83 2.86 2.63 2.64
Feb 25, 2014 2.85 2.87 2.83 2.85
Only a drop of 23.17% during the 9-day period! What could be the cause when we have a dozen or more YeahWho-ers each adding another 10,000 shares every day? Ahhh, yes, I know. Because...
SVM IS THE DRDGOLD (NYSE: DRD) OF ASIA!!!!! Take a look at DRD's long-term chart since the bull market in metals began in 2000-2001. Yecch! And there's your SVM's fate, headed to...
Nice! And With those NEARLY TWO MILLION SHARES, they can be _gifted_ about 425 ounces of silver each quarter of the year at the $0.005 per share dividend rate and an avg. cost basis of $22.12 per Ag oz, allowing the company the costs and fees associated with weighing, packaging and delivering the metal to each and every shareholder around the world. In total, an approx. 1,700 silver ounces per year, using the rates above, to the Canada Pension Plan Investment Board.
Had silver been at $25 an ounce, in lieu of a cash div., they'd receive about 1504 ounces of silver for the year.
An average retail shareholder with, say 25,000 shares would get 5.814 ounces of silver for this coming quarter's gift instead of a check for $125 , using $21.50 as an avg. cost plus fees per ounce for the co. to deliver the silver to this person. Somebody who _only_ holds 10,000 shares of Silvercorp would be receiving a parcel containing their gift of 2.5 ounces of silver in place of a regular check for $50 for this coming quarter's payout, and this assuming the avg cost for the silver was generously low at $20. If you own 5,000 shares, and silver has rallied to averaging $23.50 for some upcoming quarter, you would receive 1.06 ounces of silver as your gift, or roughly a 1 oz bar and a small 1/16th of an ounce ingot! For the year, this 5K shareholder would be gifted with approx. 4.25 ounces of Ag per year at $23.50 avg. silver price.
On the positive viewpoint, assuming the 9,205,700 shares which are currently reported as sold short, was the same figure being used on this quarter's shareholders' record date for the dividend, the shorties would have to go *scrambling* to buy some 2,218.241 ounces of silver to distribute to shareholders from whom that 5.58% of SVM's float was borrowed!!! This in lieu of the $46,028.50 shorts would need to pay, assuming a $20.75 avg. price of silver.
HEY!!! Missinoutagain! LoL Well, how very ironic that you should be stopping by to post today, as I was trying like wild to recall who it was about 10 months ago discussing buys in either BIDU and QIHU! Dang...wasn't it you and I in that convo?? If so, would you kindly tell this total story-twisting dingbat that...you were saying you liked BIDU in high-$80s, and my reply said I preferred QIHU as an emerging dynamo, then trading right about $38. Right? The freakin' post must be in the archives, one would hope--would love to find it and stuff it right in ryugo's face, if the msg still exists in the threads from last May!
Oh, and also, the silly guy made up the laughable delusions that within our conversation then, I had said somewhere that, quote, I "hate any and all China investments!" LoL What a frigging howl, huh? :-) So would you go set the record straight with him (ryugo) once and for all so we can finally plug shut his rambling trap? Thanks in advance, missin!