And so it begins….they buyouts that is. Silver47 bought out…
….for a measly 17% premium. Hold your shares boyz, the buyers are comin.
May your trades be profitable!
I had it, but not a whole lot. Might hold for the combo, probably sell and reallocate to ASM or AGI.
I was under the impression that producing mines are typically the ones bought out. Silver 47 is an explorer.
No, explores with ounces in the ground get bought out to replace depleting resources of those who actually mine….cheaper to buy these guys than to explore yourself and take years to find something worth while…..
That’s what will probably happen to SSVFF. I’m up 40% on that one. I wouldn’t mind a bump when I sell.
SSVFF was once at over .80 during the big run up.
3.0 metres averaging 205g/t Ag, 0.1% Cu, 2.8% Pb and 1.9% Zn (320g/t AgEq)
3.2 metres averaging 357g/t Ag, 0.5% Cu, 3.2%Pb and 0.7% Zn (479g/t AgEq)
2.8 metres averaging 305g/t Ag, 1.2% Cu, 9.8% Pb and 6.7% Zn (757g/t AgEq)
1.0 metres averaging 631g/t Ag, 0.1% Cu, 12.7%Pb and 8.1% Zn (1097g/t AgEq)
Have you looked into HYMC at all. They have massive discoveries but no production. I have some and it’s now on the upswing from its gap fill which I totally forgot to buy down there.
Yep, own it. I own many…..if my macro thesis is correct I will be done working in 3 to 4 years, at least at my 9 to 5.