SLX - Silvermex - Page 9

Appears GGC getting thier house cleaned up , getting ready to play " Lets Make a Deal"

Calm before the strom

Finely a sign of reversal going to watch this tomorrow, still have a buy @ .27 who knows if it will go down that far,,,,,, with this low volume it is hard to tell the direction that will transpire. As Mousser said looks like they are cleaning up their backward, so it should be interesting to see how the market will react for the next couple weeks.

Couple of weeks ??? I'm on Death Row ..... dont have that long ........ Yes Warden .... ill turn the computer off ..... Lights Out ........ cant talk....... Go STK TME !!! before I DIE ........

If your playing STK then you should be use to patience,, since that as very little action. TME sitting on support with an Inverted Hammer Pattern. GL

I will step in this one around 0.23 CAD. No hurry in this one. You need steady news flow to get up fast. No news flow and slow bleeding downtrend is happening here. Bottom here is really hard to tell but i guess this is not the bottom. The same happened with producer Pen.

YOu could be right , but then again GGC could be halted and bought out for .80 a share tomorrow as well. Your gamble.

That would be great,,,this one I'm playing long term with some in's and out's

Jul 21, 2010 06:30 ETGenco Receives $1.3 Million Payment Towards Sale of Chief

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2010) - Genco Resources Ltd. (TSX:GGC) has received a $1.3 million payment from Andover Ventures Inc. and amended the existing agreement by which Genco has agreed to sell to Andover 13,034,769 shares of common stock of Chief Consolidated Mining Company.

Under the terms of the original agreement dated March 24, 2009, Andover was required to pay Genco $5 million on or before September 30, 2010 plus quarterly interest calculated at the US Prime Rate plus 2% (subject to a minimum rate of 4% per year). Under the terms of the new agreement, Andover has paid Genco $1.3 million and agreed to pay Genco a further $700,000 plus quarterly interest on or before October 31, 2010 and $2 million plus quarterly interest on or before September 24, 2011. Andover has pledged to Genco 27,071,804 shares of common stock of Chief (representing approximately 51% of Chief's outstanding shares) as security for the outstanding balance of $2.7 million.

Genco's Acting CEO, James Anderson stated, "We believe this payment from Andover reflects their continued efforts to complete the purchase of the Chief Shares as quickly as possible. The new terms better reflect the underlying value of the shares and give additional time for Andover to complete the transaction if needed."

I guess I'm the proud owner of more shares @ .29

Instinet appears to be manipulating the price down for whatever reason. I finished a fill today at .30 with about a minute left in trading , and they sold another 1500 shares to knock it down to .285 with 14 seconds left in the trading day - smells of fishy manipulation. Perhaps an interested buyer trying to keep the price low and get a better deal? Cant find any other reason or agenda for someone to want to close it lower every day.

ggc

Your right Mouser , it appears some late day manipulation is taking place . Quite easy to accomplish on low volume days . I sold my cxt early today at .55 and added more ggc . Seems to be a no brainer here.IMO

Picked another 20K up today and continue to accumlate, NAT BANK appears to be dumping at a loss

just bought in as well

for its potential this stock is incredible low valuated.
Soon it will release its potential imho.
In the last few months there has been many positive changes,but no reflection in the sp.This has to change

Hopefully they run out soon

BID getting stack @ .275 should be a very interesting day.

also bought more at 28cents.
Bids at 27.5 are building.Something has to give.
This silver mine is producing again!

I bought today again at .28 - i sense this is the bottom , and a very bullish technical sign if we get a million share day and chart appears as a double bottom with volume.

Just pick up 50k shares @ .28 I hope we setting a up trent here.

nice, house 13 seems to be finished selling, but national has a berg sell at .28 ... good bid support at .275, so when the berg goes could see a nice pop.