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SVM - Silvercorp Metals Inc - Page 37

post #721 of 732
9/26/11 at 9:39am

Possible long entry here today below $7

 

Silver is down hard, but SVM is happily green, it looks like somebody is liking it.

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post #722 of 732
12/8/11 at 8:28pm
Silvercorp's Fiscal 2012 Drilling Exploration Program Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2011) -Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") provides an update on its Fiscal 2012 exploration drilling programs on its mines and properties in China and Canada. The Company planned 244,000 meters of surface and underground drilling for its various projects for Fiscal 2012 (April 1, 2011 - March 31, 2012). As of November 30, 2011, the Company has completed a total of 523 diamond drill holes totaling 186,627 meters, which represents 76.5% of the planned drill program. Drilling is ongoing and on schedule and the Company expects to complete the planned drill program by the end of Fiscal 2012. The following table details the drilling completed so far for the different projects.

        Completed as of November 30, 2011
        Surface Underground Surface+
Underground
Projects     Planned
(meters)		 No of holes meters No of holes meters No of holes meters
    Ying 85,000 26πÇÇ 10,016 137 52,773 163 62,789
Ying Mining Camp   TLP 36,000 πÇÇ πÇÇ 114 34,779 114 34,779
    HPG+LM 50,000 πÇÇ πÇÇ 154 60,257 154 60,257
    Subtotal 171,000 26 10,016 405 147,809 431 157,825
GC Project 20,000 34 14,370 　 　 34 14,370
BYP Mine 50,000 20 8,158 23 2,837 43 10,995
Silvertip Project 3,000 15 3,437 　 　 15 3,437
Total 244,000 95 35,981 428 150,646 523 186,627

As can be seen from the table, 157,825 meters of drilling has been completed at the Company's flagship project, the Ying Mining Camp. The goal of this extensive drilling program is to upgrade current Inferred resources to the Measured and Indicated category, and to expand Inferred resources. The assay results for these drill holes will be released once data is compiled and analyzed.

Silvercorp's President, Myles Gao, P.Geo, is the Qualified Person under NI 43-101, has reviewed and takes responsibility for the contents of this release.

 

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post #723 of 732
2/9/12 at 7:20pm

Confused about one financial line.

 

I got out a few weeks ago but I was going over their financials from yesterday and found this one line quite confusing.

"Continued to maintain low cost producer status with a cash production cost per ounce of silver of negative $4.56;"

How can you have a negative cost?? Is this a typo or are they getting paid to remove silver cause it is in the way.. or what?

    Does it mean that it cost $4.56 per ounce? This seems more logical.  A negative cost is not a cost it is a benefit.

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post #724 of 732
2/9/12 at 7:29pm

Confused about one line.

 

"Continued to maintain low cost producer status with a cash production cost per ounce of silver of negative $4.56;"

Is this a cost of $4.56 per ounce or are they getting a subsidy? A negative cost is not a cost it is a benefit.

     or is it just like a negative percentage, which does not actually exist cause a percentage is always > 0. A stock is either up or down percentage it is never a negative percentage... just rambling

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post #725 of 732
2/10/12 at 2:59pm


This is how they're looking at it. The lead and zinc they mine and sell pays for all the costs and then some, for the silver they get out.
 

Quote:
Originally Posted by Deepglue View Post

Confused about one financial line.

 

I got out a few weeks ago but I was going over their financials from yesterday and found this one line quite confusing.

"Continued to maintain low cost producer status with a cash production cost per ounce of silver of negative $4.56;"

How can you have a negative cost?? Is this a typo or are they getting paid to remove silver cause it is in the way.. or what?

    Does it mean that it cost $4.56 per ounce? This seems more logical.  A negative cost is not a cost it is a benefit.



 

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post #726 of 732
2/10/12 at 10:08pm

Thank you IX MR , I should have remembered that!!

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post #727 of 732
4/13/12 at 10:40am

moving back to the green zone.

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post #728 of 732
8/31/12 at 12:42pm

Hello my old friend SVM... is it time for me to start looking at you again?
 

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post #729 of 732
9/14/12 at 9:54am

In 2 days ago @ 6.11, trailing stop set while I'm at work 0.10 below market.  Guarantees a decent profit.

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post #730 of 732
10/19/12 at 1:24pm

hitting hod

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post #731 of 732
12/24/12 at 9:30am

Thats my post from last week in Stock market today forum.

 

"Just to add few more facts about gold. After its down on heavy volume today, GLD is sitting at 200 SMA which coincide with 50% fib retracement from 5.30.2012 low (148,53) to 10.4.2012 high (174,07). If it breaks i expect it to fall down to 38,2% fib retracement which is also next major POC and support level (158,40)."

 

GLD fell on Thursday to 158,39 intraday low and im expecting it to bounce from there. 

As SLV and GLD are highly correlated (0,94 year to date) and SLV did same on Thursday (intraday low exactly on 38.2% fib retracement), looks like silver could bounce also. 

After looking for some miners, SVM looks really nice for some longs at these levels. Its sitting at monthly and weekly support at 5.00$ and it fell hard in last 5 trading sessions on heavy volume (last week average was 2,36 million and year average is 1,405 million share which is almost 70% increase in volume). If somebody likes to pick stocks at support lines i think SVM is great opportunity.

Stop loss would be few ticks under 4,89 which is intraday low from 5.16.2012.

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post #732 of 732
2/27/13 at 2:06pm

SVM trying to rebound off recent lows gets hit with a class action lawsuit dropping the stock 8% or .33 to 3.74.

 

Quote from article in Seeking Alpha>>>>>>"

In summary, SVM management issued a $160 million operating cash flow forecast for fiscal 2013, an increase of 42% from fiscal 2012, despite:

  1. Issuing declining production guidance for fiscal 2013
  2. Assuming declining silver prices from $35.88 to $30
  3. Having achieved only $43.2 million in operating cash flow in the first half of fiscal 2013, a decline of 38% from 2012.

I conclude that SVM management's $160 million fiscal 2013 operating cash flow forecast was therefore intentionally false and misleading.

 

Full article>>>>>>>http://seekingalpha.com/article/1228901-silvercorp-management-misled-investors-with-a-false-cash-flow-forecast-and-delayed-negative-news

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