Yes....perhaps they don't need to worry now that they are in a Trading Halt.
They must be hoping Silver goes up before the 26th March...if the share price goes any lower I will be buying more...
At the end of the day...which ever way you look at this, SVL has significantly increased the proven in-ground value...worth more than 3-4 times the current share price. Represents a good scoop for a major miner to buy.
$200 Million to move to production...can't imagine they can do it without a significant Partner...
They must sincerely believe they are close to finding the Mother Load otherwise how do you get the Institutional Investors to part with more cash at this level....
They are now lined up with a number of Announcements:
Capital Raising
Reserve Resource
Feasibility Study
Further Drilling...we have to go with this one...they are intent on finding it.
EIS
More Drill results...
Ann: Silver Mines Presentation March 2018, page-10
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $292.4K | 1.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1746322 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 506441 | 11 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SVL (ASX) Chart |