Unfortunately for SVL holders everything has gone wrong. Silver...

Unfortunately for SVL holders everything has gone wrong. Silver price has continued to under-perform and management have aggressively spent their capital leaving the company in a questionable financial position.

The MD's salary according to last years report was $450 k and other directors on $60-80 k p.a.. These are numbers for operating junior miners - not exploration / development plays. A lot of money has been raised and spent in a short period.

Other junior developers seem to be able to execute on their time frames to deliver reserve statements and feasibility studies. SVL continues to push out their time frames - and has been drilling deep speculative holes as an excuse to burn time. I suspect some major shareholders who invested to develop the project have had enough.

I have recently sold my holding. I like the project, however the management team (who I have tried to contact without response) aren't delivering. I note the silver price has played a big part to the equation. However the company has been well funded to deliver and so far has not.