Ann: Bowdens Silver Project Update, page-41

Yep, we've all seen this story play out one too many times sadly.

the volume is attributable to a single cross trade of 40m shares that went through this morning.

interestingly, for all the sandbagging at 10c, not a single soul is prepared to buy into the 10.5 queue. That's pretty telling. This is not whispers in advance of a positive announcement IMO.

The SP frequently hits 10, but then dies on the vine. Or very rarely pushes into 10.5 territory but always stumbles back.

SVL needs one or both of two things;

1. Evidence of substantial progress towards mine development AND significant de risking of their operation and

2. Sustained price growth in silver, likely beyond the 40USD mark.

get both, and this enterprise is up and running.

But treading water is synonymous with drowning due to cash burn. And treading water is both a cruel metaphor for this company given also what the directors are probably doing in the pool at the Ritz. "Waiter, another Singapore sling!"

i'm presuming a strong pullback next week. I suspect the election results will cast something of a pall over this operation.

imo.