I experienced similar negativity in my other juniors before taking big profits when the market sentiment shifted and the herd stepped in. One buys when no one else is buying, in my opinion.
Silver prices are having major rerates daily and SVL, who has the highest head grade resource of silver on the ASX, sits at rock bottom prices. The junior market moves in cycle...we are at the lows and will retrace to the point of control at 26cps before moving to new highs.
There are only a handful of silver plays on the ASX. A rising tide will lift all ships...watch what happens when silver spots head to $40/oz shortly. The share price is at these prices on extremely low volumes and it shows that the floating supply is getting lower. Once that is done, SVL will retrace, in my opinion.
SVL Price at posting:
13.1¢ Sentiment: Buy Disclosure: Held
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