At 6 cents we have some resistance. (Overhead Supply) However, at above 6 cents the market cap of this stock will qualify it for purchase by an increasing number of institutional funds managers, hedgies etc.. 50 million market caps are still small, but they seem to be a starting point from a liquidity perspective. So in short, the shares get more valuable as they rise.
The only fundamental analysis you need to consider is the retail nature of Silver and how a massive wave of Chinese households are being subjected to bank nationalizations, failures, and currency devaluations. They will buy physical silver to barter with. Think: X ounces per single Pig/Goat/Chicken/Bullgrog or bag of crickets.
Lastly, there will likely be 3 stages to this bull...
1st stage (New Cyclical Bull) seems upon us and silver could breach $32.00 per ounce
2nd stage is the FOMO Stage and is market by a possible move to $60.00 - $100.00 per ounce
Last stage is the BLOW OFF TOP -People buy with anger cause they missed the move and the last straw was seeing an article about a dumpy Brizzy House wife buying a bach with her winnings and you can do it too!!!.
To summarize..Dont sell at 6 cents you will suffer the regret of a generational move...
IVR Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
