Soon to be SILVER producer

One of very few primary silver companies on the ASX.

Soon to be the only primary silver producing company on the ASX(?).

One of the directors holds ~29% company, overall management has a large stake and financial interest in seeing the company succeed.

Recently raised capital at a PREMIUM to share price at the time of announcement (reminds me of CCU's early cap raising before share price rose multiple times).

We have a new substantial holder (~10%, First Samuel Limited), who fully underwrote the rights issue with no fees/charges.

With the mix of a debt facility and rights issue the company has now fully funded their mining restart strategy.

Earlier this year the company upgraded guidance in the restart strategy from 75,000 to 90,000 ounces of silver per month.

They have studied and showed an understanding of the previous failings (AYN, MMN), hopefully to learn from them.

Seasonally while August can see a dip (which we may have already passed through), silver often has a strong September.

Expected the Mining Lease will be granted soon which could be a catalyst for the share price to continue rising.

Potential negative:

Still waiting on the AAT decision (which could go either way, either boost share price or knock it down / act as a drag).