SVL

Discussion in 'Stocks & Derivatives' started by Andy28, Jul 22, 2019.

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    No brainer.
    Let it run with a trailing stop.
     
  2. Justin Thompson

    Justin Thompson Active Member

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    I have brought SVL shares recently and it actually looks like they are finally getting somewhere. The have seemed to progressed in there ambition to actually pull the shiny stuff out of the ground. Here is the link for there Bowden mine site under the NSW project planning submission. https://www.planningportal.nsw.gov.au/major-projects/project/9641 I think under current economic times and the Liberal Govt in NSW it will get the go ahead. The announcements have given indications recently Environmental approvals will pass which is the main hurdle I can see.
     
  3. Slimey

    Slimey Well-Known Member

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    I only have a small parcel of them....I used the money I had found with my metal detector...about $600 only.....if I sold now the profit I would make would be lucky to buy 4 McHappy meals. I will hold on until gold tops $2300. Sell them and wait for the $950 retest.
     
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  4. Justin Thompson

    Justin Thompson Active Member

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    They are going up in leaps and bounds atm, for two obvious reasons that I can see. People are trying to leverage there returns on Silver and the actual fact they seem to be progressing down the road to creating an actual mine.
     
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  5. Andy28

    Andy28 Well-Known Member

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    Yes and this higher silver price helps them to be able to mine if profitably when they hopefully manage to do that
     
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  6. Slimey

    Slimey Well-Known Member

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    how long will it take to take a green fields site and turn it into a fully working silver mine?
     
  7. Slimey

    Slimey Well-Known Member

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    Hey Andy28, did you sell or did you hold?
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Screen Shot 2021-01-20 at 10.49.52 am.png
     
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  9. Andy28

    Andy28 Well-Known Member

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    I sold a quarter back at .27 and still holding the rest. Not huge numbers, but given its swings it has actually done pretty well for me.
     
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  10. Slimey

    Slimey Well-Known Member

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    my friend from work bought $10,000 worth of shares at 1cent and sold them around 28cents. I was curious as to whether he had purchased them before the consolidation. He wasn't sure but he told me that over $270,000 had landed in his bank account so it must have been after.
     
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  11. Andy28

    Andy28 Well-Known Member

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    Wow i didnt even know they got to 1 cent. What a trade.
     
  12. Slimey

    Slimey Well-Known Member

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    Yes, I couldn't believe it either. He either got one of the few trades at that price or a mistake was made and his shares were never consolidated at 100:1. He got his money and immediately purchased a unit in his home town.
     
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  13. DrSilver

    DrSilver Member

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    Well worth keeping an eye on SVL this week.

    2CC2C24C-B832-480E-B6E3-66DAA666FB73.jpeg
     
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  14. Slimey

    Slimey Well-Known Member

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    temporarily suspended from trade pending announcement. Raising capital...hopefully pricing it at a level that doesn't screw over current shareholders.
     
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  15. Andy28

    Andy28 Well-Known Member

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    This is always the worry with stocks like this
     
  16. Slimey

    Slimey Well-Known Member

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    reasonably good news. Company were smart enough to issue new shares at 22 cents. Thirty million dollars raised so shouldn't have to raise any more for a while. Share price hasn't moved much for the day.
     
  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    What's the feeling amongst bagholders?

    Looking at the charts I'm thinking the time to get in was around the 9 - 10c range. I'm not interested in buying any just interested in what you guys think.
     
  18. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    I wouldn't waste my hard earns on the top floor I can tell ya been traped too many times for that crap. Markets to me feels top-heavy so I've left the big ship and entered the liferaft for a while to confirm a storm is not ahead :) .... I'n saying that I would put a buy in at .089 if crap does hit the fan in the near future

    Opera Snapshot_2021-02-15_182417_www.marketinout.com.png
     
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