Americas Silver Corp fka USAPF

[maverick one]

It's a possibility IMO Galena could be mothballed once again. The silver spot is being hammered and will continue to decline and stay down. I've been around the bush a few years seen the boom and bust cycles. Like I've said before we could be sliding down to $7-$9 an oz but possibly $10-$12 range. Question begs to me is that will these Canadians have the desire to keep Galena open if the going gets tougher? Which I think it will. It's a business and I could easily see them eventually shutting the doors if this becomes a money losing operation and preserving what's in the bank that's left. For now the adits are open but we'll see what happens.

I don't see silver bouncing back and the revenues are going to reflect that. I see potential trouble on horizons in the mining sectors and only the VERY STRONG will survive what's coming and IMO is already occurring. Like I said many many months ago...I wouldn't touch this at .25...I just don't see any upside as silver spot declines.

Here is how I will play this: Wait til it slides down to .10 or under and then take deep positions again. Wait for good things to occur even if it takes years and then sell at peak again.