SVL 3.23% 16.0¢ silver mines limited

Ann: Non-Renounceable Issue - Prospectus , page-5

  1. sto
    73 Posts.
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    I note in the prospectus that out of the $1.1M that may be raised, only $320K will go to project exploration (around 25%), which is the area that may actually add value to the company.

    In addition, $350K to pay down debt. So, is the debt simply being transferred to shareholders, as they purchase these new shares.

    I will support the issue and buy my allocation as the company requires funding to function.

    My view on the price of silver is that, generally, most commodities are falling in value and until that trend changes, silver will follow or tread water. My ideal would be for SVL to be in a good position to pick up on the upturn, though that may not be (according to the work of Martin Armstrong) until late 2015.

    Good luck. and patience, with your investments!
 
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Last
16.0¢
Change
0.005(3.23%)
Mkt cap ! $241.2M
Open High Low Value Volume
15.5¢ 16.5¢ 15.5¢ $409.0K 2.553M

Buyers (Bids)

No. Vol. Price($)
8 206187 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 941680 20
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