Loading ...deer79 @ 11:58
I think the acquisition is a good move. It looks like they expect increased production coming on line so their results may look much improved in the future. I’m gonna eyeball it! 🙂
… always like to have Sprott participating!
Ferrett
Thank you for sharing that info…..
Lots of intricate financial details that the. companies certainly won’t elaborate about……
USAS
Surprised Ipso, that they missed their EPS and quarterly revenue estimates, announce this deal, and the stock is only down .04 today… Go figure.
FWIW, Eric Sprott ( the largest shareholder) approves of this deal and says he will participate in the secondary offering to help pay for the deal.
deer, in the case of SVM,
$53m of the $55m charge is because the share price has gone up, per note 15 of the Sept 2025 accounts.
They issued $150m in convertible notes in 2024, convertible in 2029, at the conversion rate of 216 shares per $1,000, when the share price was $4.84. At 9/30 it was $8.71. So they converted at 9/30 they’d be issuing 216 shares per $1,000 of debt, with a share value of 216 x $8.71 = $1,881. The extra $881 is an effective loss to existing shareholders so it appears in the accounts, rather sneakily IMO, as an “adjustment”. Whereas in reality they are repaying $1,000 of debt with $1,881 worth of shares.
A good time to make acquisitions IMO I don’t own USAS. They’ve had a hard time making money in the past.
Americas Gold and Silver Accelerates Silver Growth in Idaho via the Proposed Strategic Acquisition of the Neighbouring Crescent Silver Mine and Announces Concurrent US$65 Million Bought Deal Financing
https://finance.yahoo.com/news/americas-gold-silver-accelerates-silver-114200556.html
Aurum
As ever we will only know afterwards……But I hear you….it is certainly as u say early to go flying higher, time is sure needed to correct lots of indicators, so u may well be right .we need a C down.
What I took away from recent action, is the speed of this last rally, says the Bull move is overall v strong….and any C down , may well be tame/sideways……..But as I said that B wave up, showed how the mkt wants to rally.
I am also watching the spreads in Shares vs Gold….we have yet to get a breakout and they look like they need time to build the power to breakout
Cheers
Using SLV
the problem is that we are at bb resistance and support is quite a bit lower
we need a small correction then a new high
aurum
also overbought on stochastic
Maddog
Perhaps the past abc was simply an A wave and current move up a B.
It is possible though that the recent abc was really a degree higher and the ABC.
This double top is critical over the short term.
imo
aurum
Shorts are getting v excited about chance of double top in AG………lets get real short…it’s all over.
Maybe recentb action was A dn and B up, so now we get C down…..but then 3 up and the shorts will get carted..
deer79
They sound like complex Derivatives that bankers force borrowers to buy, when they take out loans…..most of the time you need them like a hole in the head…but it’s a case of take the derivative, or no loan.
Ed Steer … always a level headed guy
Mark
@Mark4XX
🚨 ED STEER: “The ONLY Way to Prevent Catastrophe is to SHUT DOWN COMEX & LBMA” 🚨
The Endgame is Here:
➡️ “Shorts will be bankrupt in days, if not hours”
➡️ “Whole financial system is at stake – no way to sugarcoat this”
➡️ Major bullion banks facing “catastrophic losses” on short positions
➡️ “This is a financial crisis when this thing finally ends”
The Physical Reality:
âś… 5+ years of structural silver deficit (125-200M oz/year)
âś… LBMA cupboards ran BARE in October – required 58M oz emergency shipment
âś… SLV has 57M shares with NO silver backing (11% of total!)
âś… “When shorts cover, they’ll be buying into a vacuum”
Recent Warning Signs:
🚨 October 17th: Near-parabolic move forced “not-for-profit” selling to cap prices
🚨 November 10th: First-ever $100+ gold gain + $2+ silver gain in same day
🚨 Backwardation hit $2.60 – clear physical shortage signal
The Nuclear Option:
“The only way to save the shorts is to CLOSE the COMEX and LBMA”
This would save “too big to fail” banks but destroy market confidence
Pricing would shift to Shanghai – “where it really belongs anyway”
PM earnings
I’ve seen this being mentioned for a few of the stocks that I hold ( SVM, Integra etc….).
”adjustments were largely related to unrealized derivative losses on the debt conversion feature and bullion contracts.”
Anyone care to expound on that? Not quite sure I understand if this is something  that’s isolated to a few companies, or more prevalent……
Maddog, 3:44, can’t understand why not.
I thought a tenth of the population would be paki pakistani by now!
ferrett
Pakistan are touring the UK next summer, ….whisper is tickets ain’t selling very well.
Exmouth in the distance.
Just round the corner is the mouth of the Exe, and Starcross where I kept my boat, and where the original atmospheric Pump House for Brunel’s atmospheric railway still stands. Great days.
Maddog 12:46,
the next World Cup should be interesting. Hosted by India (and Ceylon).
Maddog btw
I saw a couple of videos of the pick pocket migrants. One woman had the thief by the hair till the cops came and told her as the migrant was screaming cuz she couldn’t get away with her hair still attached said something like she’s got 5 kids, screaming isn’t gonna bother her. The other one English was resting with her purse on her lap in a subway and the migrant thought she was sleeping arrogantly took a picture over her to show her migrant friends the person she was going to steal her phone like they’re saps and as she grabbed her phone the English woman slapped her silly and punched and slapped her right out the door soon as it stopped. So instead she can show her friend the picture of the woman who gave her one or two black eyes instead.
Maddog 15:42
No one in the private sector will entertain them. Lol I think you would say it as bully for them!! Give them hell.
Maddog 6:13
That doesn’t sound good. Armstrong warned them about getting their money out of their banks and they could ban crypto is starting to happen.