SVL 0.00% 16.5¢ silver mines limited

So if your fund manager gets you into an investment that...

  1. 1,627 Posts.
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    So if your fund manager gets you into an investment that required a $150,000 outlay and this investment now drops to $95,000-100,000 after 15-18 months and he/she tells you "let the value drop to $35,000-$40,000. Who really cares, great time to accumulate and bring the holding average down. The truth is, at some point what you are investing in will go up" ... I assume your response would be "oh terrific what an opportunity"?

    This is the mindset that gets "long term" retail investors into trouble. Or should I say "long term fundamental driven" retail investors.

    Personally I would love to see SVL at much higher prices as I have friends who hold this stock however stop losses are essential.

    I hope SVL does not drop to the 4-5c however if Blackrock needs to offload on-market their remaining shares then this is a possibility. SVL will need funds soon as well so expect a capital raising to further dampen "buying enthusiasm" short term.
 
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Last
16.5¢
Change
0.000(0.00%)
Mkt cap ! $248.8M
Open High Low Value Volume
16.5¢ 17.0¢ 16.5¢ $134.6K 811.7K

Buyers (Bids)

No. Vol. Price($)
9 945217 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 1839573 27
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
SVL (ASX) Chart
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