your patience has rewarded you. Well done. I worry Monday might be another drop to spite everyone.
None of us have been in the board room meetings making it easy to speculate their decisions. I’m concluding their CR timing was premeditated on the basis that companies project future cash flow at least on a half yearly basis. Maybe they were relying on higher silver prices. That would be negligent imo. To me this is typical counter intuitive catering to the usual suspects, who I’m sure won’t mind dumping their fresh shares the moment it reaches a meagre target of probably 22c aha.
I’ve seen this in too many companies to condition me into thinking it’s part of the process, otherwise the ASX is full of criminals which is too problematic a notion to possibly consider (sarcasm). Currently fundamentals are lesser than 3 years ago other than a decent chance of receiving mining approvals in say 3 - 6 months. The technical analysis astral charting says another story: big moves coming up. Mind myself, many professional investors are ducking out of investments as their typically winning decisions are now losing money. Everything is upside down in the investment casino at the moment. I can’t help take nibbles at these levels despite a shitty price action (paper losses) because I reckon here lies an exciting opportunity regardless of ill-times credit raises which basically every other once-small-cap-company did before excelling into production. Obviously more CR will be needed - it will be fine if approvals are awarded. So, sleepless weeks until then. May fortune favour SVL holders!
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15 | 654169 | 0.090 |
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