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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- Ann: Non-Renounceable Issue - Prospectus
I note in the prospectus that out of the $1.1M that may be...
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Last
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $294.0M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.5¢ | $1.683M | 8.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 127446 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 1153470 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 67980 | 0.190 |
21 | 597348 | 0.185 |
16 | 862792 | 0.180 |
13 | 356225 | 0.175 |
20 | 1216880 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 1140980 | 8 |
0.200 | 2451646 | 50 |
0.205 | 2071150 | 17 |
0.210 | 1848993 | 21 |
0.215 | 1385455 | 10 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
19.0¢ |
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Change
0.010 ( 2.70 %) |
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Open | High | Low | Volume | ||
19.0¢ | 20.0¢ | 18.8¢ | 4743759 | ||
Last updated 15.59pm 10/05/2024 ? |
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