Member Info for silverknight

Hi mate. Think we're all dismayed by this situation. Feel like current fundraising wont last too long (The others haven't) and how can they raise more with the sp shot.? People have talked about directors salaries taken in shares but that's only a fraction of it and the assets in Philippines and Argentina (worth b***all in the balance sheet.) If we survive it's going to be a long hard slog for the sp to recover significantly. Unless an out of the blue miracle happens...

Well I have been invested here for 7 years and 99% of my investment has gone up in smoke. The board have had plenty of time to deliver but have moved from Tanzania to the Philippines to Argentina to Columbia without any end product. That's the reality of the situation. Todays share sales say it all. People now realise that as soon as they need more cash they'll issue more shares. And they will tell investors what they want to hear. Hugely speculative but I wish you luck if buying at these prices.

this is just a tax loss now. If they could have sold either Mankayan or Eureka for just £500,000 it would have been a better option than issuing millions of shares for a pittance. They are just concessions in politically unstable countries-not hard assets (no freeholds). Credibility is shot. I'm not inclined to throw more good money after bad. Best case scenario this will limp on....

be a good idea to spend some time learning to spell and not put lol after every few words. Some people got nothing better to do than stare at share prices all day. Sad.

Miscalculated. It was only �2-10 per share. Oh well.

Long term holders? I bought in 2009 at pre 10 for 1 consolidation price of around �21 per share. Now that's a wipeout!!

You're right about the dilution. Like banks always offering umbrellas when the sun's shining. Also the issues are always for working capital rather than any tangible assets. I have to ask who would actually upfront money to buy Mankayan right now. Goldfields are clearly not interested even at today's knockdown price. There are potential upsides with this company but there are many 'in production' and profitable small miners on very lowly ratings.

I hold several small gold shares (including this one) and they're all bumping along at low points. A few years ago they were very popular and reached prices we can only dream of today. I think sentiment will improve at some point and these prices will seem a bargain. Serabi is a profitable producing company and the gold price is pretty good at the moment. Patience should be rewarded (eventually).

here meaningless. My buy is down as a sell!!

both sides of the argument here. Course its frustrating when shares tank Davie but you've gotta limit your investment to what you can afford to write off. Some of the old timers here have taken a bath but I admire Randy's guts to average down aggressively and commit serious money. You deserve to get a payoff mate.

has been pretty steady. 38000 oz at $300 per oz margin this year is impressive so unless gold price tanks we remain substantially undervalued.

Your last paragraph says it all. On fundamentals this is the cheapest gold share on the market and a great speculative buy . .Once there is more political transparency the sp should triple Just a case of when.

wouldn't buy without valid reason. Here's a chance to buy much cheaper than them.

dilution. Issue millions and millions of new shares at ever lower prices. No wonder holders are hacked off.

I'm well mate. Yes I agree the potential here is terrific and it could happen very suddenly. When I said gold prices subdued it was only a few weeks ago that it topped $1350. $1280 ish is a significant correction.

With platinum and gold prices subdued right now we might struggle to push on. The next 6 months will be interesting to see how production develops. THe kicker could be Mankayan which seems to have been forgotten but could have some real value. I'm a long term holder who initially bought when the price was way higher. I'll average down but don't feel urgency at the moment

Gut feeling that some good news will emerge in next few weeks. It happened last year and the price spiked.

Thanks for pointing out Orosur. Similar to Serabi in a lot of ways and both undervalued I think. Gold itself is intrinsically cheap. If all the virtual trades were called in at once there's less than 1% of physical to actually meet them. Wont happen but food for thought.

Of course it is. I have searched through many small goldminers stats without finding any that quite match up to this one. It must be recognized at some point.

You're right. Should produce 40k+ oz this year with possible $300 per oz margin. Gold likely to remain strong with all the political tensions right now. I'm very happy to hold this one.