SVL 0.00% 17.0¢ silver mines limited

The method would appear quite simple.When you see it - Go for...

  1. 1,364 Posts.
    The method would appear quite simple.

    When you see it - Go for it!

    No doubt the Company is having an options rights issue to allow everyone a chance at increasing their exposure for a minimal outlay on last time.

    Its the type of move you make when you want to give everyone an opportunity to enjoy the ride ahead.

    Based upon the information the Company has released to date and the recent injection of serious funds, I would expect a solid 6-12mths of continual revaluation as they increase their High Grade Silver resource and move into an early start up.

    Although small in size this deposit at Webbs looks likes its going to be a cash cow for the Company.

    Should the Company yield significant results from any of its other prospects or increase the scope of Webbs, appreciation will follow in multiples of the current price.

    Although this is now one of my long term strategic holds, I would expect a very short term re-rating is on the cards and predict a re-test of the 14-15cent range within weeks.

    IMO
    DYOR
 
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Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $598.7K 3.513M

Buyers (Bids)

No. Vol. Price($)
13 722567 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 886260 9
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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