Ann: $2.6M Placement Agreement with Strategic Investment Fund, page-36

Well, it now seems Patras will sell at 6 cents or slightly higher until they're done. They will collect their free options. They also have the incentive to do this because the next tranche will be dependent on where the price is, so they will keep it down.

6 cents likely base price. The upside seems limited short term unless they let it run.

Silver has moved from sub $22 to a now respectable $26.50 and TMZ hasn't budged. Frustrating.

That said, the upside could still go bonkers should it break free.

Other silvers players moving higher. SVL, IVR, ARD, and BML. TMZ won't be overlooked, but punters bidding are just getting sold into.

Patience will be rewarded.