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that's too bad
Not right now that's for sure.
I guess there is no real interest in this company.
Got an answer from Jerry Haung, IR guy. Just said news is released as quarterly and year end statements. At least he answered. Said my email was caught in their spam filter.
Anyone still following this company? Anyone know anything?
IMPACT Silver Announces Third Quarter 2014 Financial and Production Results
Press Release: EARNINGS – Tue, 25 Nov, 2014 9:00 AM EST
https://ca.finance.yahoo.com/news/impact-silver-announces-third-quarter-140000375.html
IMPACT Silver Corp (IPT.V)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2014) - IMPACT Silver Corp. (TSX VENTURE:IPT) ("IMPACT" or the "Company") announced today its financial results for the nine months ended September 30, 2014. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars, unless otherwise specified.
Fred Davidson, President and CEO, stated, "Our production performance during the third quarter was very positive compared to Q2. We generated higher production ounces and overall grades, which combined with stringent cost controls, enabled us to achieve significantly improved operating results despite the 14% drop in silver prices in 2014. Our near-term strategy in this low pricing environment is to continue to focus on higher grade zones of silver and gold close to active mining operations such as Cuchara-Oscar and San Ramon to ensure IMPACT continues to generate solid cash flow as the market stabilizes. While we remain focused on efficient operations, if the price for silver remains at current levels the Company will be looking at opportunities to improve its balance sheet and to fund future development through possible financing and/or acquisition or merger.
Overview for the Quarter Ended Sept 30, 2014
Financial Overview
Revenues for the third quarter were $3.4 million, an approximately 32% increase from $2.6 million in the second quarter, resulting primarily from an increase in production and grade.
Net loss of $0.6 million for the quarter, of which non-cash items included $0.6 million in depreciation and amortization and $0.02 million in share based payments (stock option grants).
Mine operating earnings before amortization and depreciation of $0.5 million compared to $0.4 million in earnings in Q3 2013.
Capital expenditures during the quarter included mineral property expenditures of $0.5 million which reduced cash to $1.0 million. The Company continues to be free of long term debt.
Net working capital decreased to $4.1 million on Sept 30, 2014, compared to $6.9 million on December 31, 2013.
Production Overview
Silver production increased to 210,513 ounces for the third quarter of 2014, up 19% from 177,366 ounces in the same period of 2013, and up 38% from the second quarter of 2014.
Average mill feed grade for silver in the third quarter of 2014 increased to 179 grams per tonne (g/t) compared to 171 g/t in the third quarter of 2013, and from 142 g/t in the second quarter of 2014.
Total tonnes milled during the third quarter of 2014 increased 8% to 41,673 from 38,520 in the third quarter of 2013.
The Cuchara-Oscar Mine was put into production in February 2013. During 2013, the mine contributed 23% of the total mill feed; by Q3 of 2014 it provided 53%.
The higher grade Mirasol Mine was put into production in July 2014 and accounted for 4% of Q3 production.
The Company experienced a positive trend in operations as tonnes processed in the third quarter of 2014 increased to 41,673, compared to 39,015 for the second quarter 2014. This increase has been a result of additional feed from the Company's principal producer, the Cuchara-Oscar Mine, as well as strong contributions from the La Gallega, and San Ramon Mines. During the quarter the Mirasol Mine was also brought into production. With production materials being drawn from several mines with different feed grades, mine production can vary from quarter to quarter. However, with the San Ramon and Mirasol Mines developing into higher grade mineralization, average silver grades were higher in the third quarter at 179 g/t compared to 142 g/t for previous quarter and are expected to continue at similar grades.
A recorded conference call reviewing the financial and production results of the three months ended September 30, 2014 will be available on the Company website on November 26th, 2014, at www.impactsilver.com/s/ConferenceCalls.asp.
IMPACT has control of the majority of two large mineral districts in central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Mineral District adjacent to and southwest of Zacualpan. The Company currently produces silver with lead, zinc and gold at its 500 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District. Additional information can be found on the Company website, www.IMPACTSilver.com.
On behalf of the directors of IMPACT Silver Corp.,
"Frederick W. Davidson", President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
Contact:
IMPACT Silver Corp.
Jerry Huang
Investor Relations Manager
(604) 681-6813
(604) 681-0172
inquiries@impactsilver.com
www.IMPACTSilver.com
I'm just really trying to see if they will bother answering me at all............
Let us know if they do, but keep in mind they can't tell you anything material that isn't already available to the public.
LC
I emailed the company today and asked for any news. I wonder if they will respond.
IMPACT Silver Corp. Intersects New High Grade Silver Vein at Depth at San Ramon; Expands Scope of Deep Mining Plans
Intersections include 1,163 g/t silver over 1.81 meters within 393 g/t Silver over 6.67 meters
https://ca.finance.yahoo.com/news/impact-silver-corp-intersects-high-133000686.html
Press Release: MINING EXPLORATION UPDATE – 6 hours ago
IPT.V 0.58 +0.0300
The question now is whether they can mine the copper and gold at a profit. We'll know in a year or so.
LC
very impressive numbers!
IMPACT Silver Intersects Additional High-Grade Silver and Gold at San Juan, Expands Search for Gold and Copper
San Juan Intersections Include 2,656.9 g/t Silver Over 1.98 Meters and 5.004 g/t Gold Over 1.81 Meters
Press Release: MINING DRILLING RESULTS – 7 hours ago
http://ca.finance.yahoo.com/news/impact-silver-intersects-additional-high-143000588.html
I wish it showed the real ticked, IPT.V. The OTCBB symbol is just an artificial one to allow Americans to trade it on the TSX Venture exchange.
In any case, this has always been more of an investing stock rather than a trading one.
LC
Ihub has fixed the ticker snafoo, I hope peolpe can find us now.........
I have owned shares in IPT for many years. I buy when it gets below $1, lower if possible, and sell near $2.
The share count is low and management is parsimonious, so it's pretty well about the PoS. If they were willing to play the brokerage game they could get lots of money and expand both the share count and production -- there are thousands of old mines on their properties -- but that's not their style.
LC
I have contacted Ihub to see if they can fix the ticker snafu with this stock. The ticker is ISVLF not ISLVF. Maybe we can get more folks to the discussion.
Someone's five best miners to own for 2014 included Impact. With years between posts and the info on the intro from 2010, is there anyone with more current views on this stock? Considering buying some...thoughts?
IMPACT Silver Drills More High Grade Gold and Silver at the San Juan Project, Also Finds Two New Silver Subdistricts in Zacualpan, Mexico
San Juan drill intersections include 10.343 g/t gold over 3.19 meters and 1,218.1 g/t silver over 1.17 meters
http://finance.yahoo.com/news/impact-silver-drills-more-high-110000211.html
IMPACT Silver Corp. 4 hours ago
Not a bad story , nice recovery since Dec from $0.40 anyone here looking at this?
IMPACT Silver Corp's Mirasol Prospect uncovers a cluster of new silver veins; intersections include 945 grams-per-tonne-silver over 1.8 meters
January 28, 2013
http://www.impactmin.com/s/NewsReleases.asp?ReportID=568018&_Type=News-Releases&_Title=IMPACT-Silver-Corps-Mirasol-Prospect-uncovers-a-cluster-of-new-silver-veins...
IMPACT is a profitable silver mining company with three principal producing mines in Mexico. The Company's 100%-owned and operated underground silver mines feed a central 500-tonne-per-day (tpd) processing plant located within the historic Royal Mines of Zacualpan Silver District. Cuchara-Oscar, IMPACT's fourth underground mine, is scheduled to commence production in early 2013. IMPACT is also currently developing its second mining district in Mexico, the open-pit Capire Mine and Processing Centre, scheduled to begin pilot plant operations in early 2013. The upcoming commencement of production at the underground Cuchara-Oscar Mine and the open-pit Capire Mine represent the next phase of significant production growth for the Company, with the objective of ultimately establishing IMPACT as a multimillion-ounce silver producer. IMPACT also holds a 16.5% shareholding in Defiance Silver Corp., who is advancing the Company's 200-tpd mill and mineral concessions into production in the Zacatecas Silver District. Additional information can be found on the Company website at www.IMPACTSilver.com
PLANS FOR 2013
Plans for 2013 are to move both Capire and Cuchara-Oscar into production during the first quarter and continue aggressive field work and drilling on targets in the Valle de Oro area and in the Capire Mine area. Additional drilling is also required for both the Condesa Silver area where the mineralization remains open to expansion at depth and to the southeast, and the Mirasol Central & Northwest areas where the mineralization is currently open in all directions. Additional fieldwork in the form of geological mapping and detailed rock sampling will continue in the Valle de Oro and the San Pablo Norte areas.
With a track record of successful exploration, rapid mine development and more than 3,000 old mine workings in the GIS database, IMPACT's long term growth strategy is to become a mid-tier multimillion ounce silver producer with multiple production centers each fed by multiple mines. The construction of a second production center at Capire is the next important step to fulfilling this vision. IMPACT's strong cash position and positive cash flow allows for accelerated growth through aggressive exploration and potential accretive acquisitions.
A Banner Year for IMPACT Silver Corp.'s Exploration in 2012
18 minutes ago
http://ca.finance.yahoo.com/news/banner-impact-silver-corp-exploration-2012-182900373.html
Another higher low on the weekly... looking good...
2012 was very kind to Impact... should get even better.
http://www.impactmin.com/s/NewsReleases.asp
IMPACT Silver Discovers Wide Silver Veins in First Drill Holes at Mirasol in Zacualpan, Mexico; Intersections include 7.1 meters grading 216 grams per tonne Silver
10 hours ago
http://ca.finance.yahoo.com/news/impact-silver-discovers-wide-silver-veins-first-drill-154900432.html
Only 68M shares issued and outstanding:
http://www.impactmin.com/s/ShareStructure.asp
Corporate presentation from August 2012:
http://www.impactmin.com/i/pdf/CorporatePresentation.pdf
The news throughout the year has been fantastic:
http://www.impactmin.com/s/NewsReleases.asp
Yep, it sure was... a new uptrend is in effect.
That dip under $1 sure was a steal...
For the week: -0.66%
Scoreboard for the week: +1.35%
Most certainly. I can't think of any scenario in which the prices of PMs can be permanently suppressed from this point, without triggering off torchlight and pitchfork parades among the 99 percenters out there.
Yes, when - not if!!!
So, on record revenues, etc, the best we can do right now is trade sideways in range. It will be better when the PMs surge again. Just a matter of when that will be.
IMPACT Silver Corp. Announces Record Revenues and Net Earnings for the Nine Months Ended September 30, 2011
November 28, 2011
IMPACT Silver Corp. ("the Company" or "IMPACT") is pleased to announce the results for the third quarter ending September 30, 2011.
Third Quarter 2011 Highlights
•Revenues are up 30% over the third quarter of 2010 to $4.2 million, and up 97% over the nine months ended 2011 compared to the nine months ended 2010, in spite of a concentrate shipment delay during the quarter.
•Net earnings increased 381% to $2.0 million from $0.4 million in the comparable period for 2010, with net earnings up 415% over the first nine months of 2010.
•Earnings per share (EPS) grew 200% to $0.03 for the quarter compared to the third quarter of 2010, and jumped to a new company record of $0.11 for the first nine months of 2011.
•Silver production increased by 21% to 663,853 over the comparable nine months of 2010.
•Mine throughput for the quarter was 427 tpd ("tonnes-per-day"), up 10% from 387 tpd in the third quarter of 2010.
•Cash flow from operations before changes in non-cash working capital was $3.1 million, up 206% from $1.0 million for the third quarter of 2010 with a significant increase of 187% to $9.1 million for the first nine months of 2011 compared to the first nine months of 2010.
•Cash and cash equivalents rose to $33.7 million with working capital at $33.1 million, and no long term debt.
(the whole release can be read at the link below)
http://www.impactmin.com/s/NewsReleases.asp?ReportID=492977&_Type=News-Releases&_Title=IMPACT-Silver-Corp.-Announces-Record-Revenues-and-Net-Earnings-for-the-Nine...
Technically, lots of reversal action lately on the daily chart...
Latest corporate presentation (August 2011):
http://www.impactsilver.com/s/CorpPresentations.asp
IMPACT Silver Resumes Concentrate Shipments to Smelter
October 17, 2011
http://www.impactsilver.com/s/NewsReleases.asp?ReportID=485587&_Type=News-Releases&_Title=IMPACT-Silver-Resumes-Concentrate-Shipments-to-Smelter
IMPACT Silver Corp. ("IMPACT") is pleased to announce that shipments of lead-silver concentrate have resumed, as scheduled. The 500-tpd (tonnes per day) Guadalupe Plant operated normally throughout this period of disrupted shipments announced September 13th and concentrate produced was stockpiled. The plant will continue to operate at near capacity with the stockpiled concentrate to be sold on an accelerated schedule.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at the 423-square-kilometer Royal Mines of Zacualpan Silver District, the 200-square-kilometer advanced Mamatla Silver District including the Capire Mine Development Project, and an option agreement for a major share position in Defiance Silver Corp. (DEF:TSX-V) in return for IMPACT's 200tpd mill and mineral concessions in the Zacatecas Silver District.
Yep. Been holding this one for a while. If you like Impact, have you given Scorpio a look?
July 12, 2011 Impact Silver Resumes Operations at Main Processing Plant
-------------------------------------------------------------------------------- (via company e-mail alert)
IMPACT Silver Corp. ("IMPACT" or the "Company") has resumed operations at the 500 tonnes-per-day ("tpd") Guadalupe Processing Plant after an accident that occurred at the plant on July 7, 2011. The plant was shut down immediately for three consecutive days to allow for a formal investigation of the circumstances, however, other exploration and mining activities operated as normal.
IMPACT is committed to developing and implementing the highest safety standards for its employees in Mexico. The Company is taking the appropriate and measured steps to return the plant to production by utilizing both the experience of the mines' safety staff, and will be engaging independent consultants to ensure ongoing safety and stability of the plant and the Company's personnel.
IMPACT Silver Corp. is a profitable silver-focused mining and exploration company operating in Mexico with a producing silver operation at the 423 km2 Royal Mines of Zacualpan District, the Capire Mine Development Project in the adjacent 200 km2 Mamatla Mineral District and a portfolio of projects with an operational processing plant at Zacatecas. Additional information including drill plans can be found on the company website at www.IMPACTSilver.com.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
For further information, please contact:
Sunny Pannu, Investor Relations
The TSX Venture Exchange has neither approved nor disapproved this news release.
--------------------------------------------------------------------------------
Forward-Looking Statements. This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
1100-543 Granville St.
Vancouver, BC., Canada V6C 1X8
Telephone 604 681-0172
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
Today closed near 2 bucks on the otcMarkets.
I cannot tell a lie... I bought all my account would let me at 172... today, the close was 196... my wife is able to breathe now!!! LOL!!! A summer of opportunities... in my belief. Best of success out there.
IMPACT Silver – Growing Company Severely Undervalued
Jun. 13, 2011 | Filed Under: ISVLF
http://www.gurufocus.com/news/136260/impact-silver--growing-company-severely-undervalued
If you know anything about investing in silver, you have probably heard Eric Sprott making bold statements that silver is going to be the investment of this decade similar to the way that gold was the investment of the last decade. As of the date of this report, silver is trading for about $36 per ounce and the bulls are predicting that silver will reach $50 per ounce and even $100 per ounce in the near future. About a month ago, the price of silver almost reached $50 per ounce but then experienced a significant correction back to the current levels. While I happen to believe that the price of silver is going higher from here, I prefer to stay away from owning silver in its physical form. I would much rather own a silver mining company. This is why I like IMPACT Silver Corporation (ISVLF, IPT.V), which is a silver producer with an extensive portfolio of advanced silver projects in Mexico.
IMPACT Silver is not some exploration company that just raised capital in order to drill holes in the ground and wildly promote the stock to make insiders rich. IMPACT Silver is already a silver producer that was profitable from the day it opened its doors in 2006. The management increased the company’s silver production from 348,949 ounces in 2006 to 823,571 ounces in 2009, which represents an increase of 136 percent. All of this was achieved by using internally generated cash flows. Currently, the company is on track to produce 1 million ounces in 2011 and 1.5 million ounces in 2012.
Assuming that the price of silver is at $30 per ounce and the company produces 1.5 million ounces per year, then IMPACT Silver is a $3.50 per share stock. Currently, it trades for $1.70 per share. However, if Eric Sprott is right about silver and it reaches $50 per ounce, IMPACT Silver should be a $7.70 per share stock. And, if silver reaches $100 per ounce, then it will be even higher.
Business Description
IMPACT Silver is a profitable silver producer with an aggressive growth strategy whose main two assets are Royal Mines of Zacualpan Silver District and Mamatla Mineral District.
Zacualpan is one of the oldest mining districts in North America with mining activity dating back to at least 1527. Currently, the production that feeds a central processing plant comes from three operating mines: Chivo, San Ramon, and Noche Buena. The company acquired this district in 2006 from a private businessman who did not know much about mining. He barely invested any money into it and the lack of investment turned out to be detrimental not only to the mill but also to the morale of the workforce. When he was ready to sell, the price of silver was below $5 per ounce, and IMPACT Silver got an incredible deal.
A mining company can only operate at its full capacity if it is fed enough ore. In 2009, the plant only operated at around 313 tpd (tonnes per day) as it was only fed ore from the Chivo and San Ramon mines. In April 2010, the Noche Buena mine was put into full production and provided enough feed to get the plant to operate at 360 tpd by the end of 2010. Currently, it is operating at 419 tpd and is on schedule to produce 1 million ounces of silver in 2011. The management plans to increase the plant’s operation to 500 tpd, which will yield 1.5 million ounces of silver in 2012.
The second district, Mamatla Mining District, is located immediately southwest of and adjacent to Royal Mines of Zacualpan Silver District. The district was acquired in February 2007 in a government auction. Mamatla was previously explored by Valerie Gold, which spent over $10 million to do so. However, the company was unsuccessful in turning resources into production as it ran out of money and was unable to raise additional capital. The capital markets for mining companies froze after the Bre-X scandal that spooked investors. For more information about this fraud, you can view the following videos:
http://www.youtube.com/watch?v=pNvixeqlKdQ&feature=related
http://www.youtube.com/watch?v=0YNnjitbcaE&feature=related
http://www.youtube.com/watch?v=-2hTKWZZz74&feature=related
In the Mamatla Mining District, IMPACT Silver is in the process of bringing Capire Project into production by the end of 2011. Currently, the company has a semi-portable 200 tpd processing plant, which will be used for the first couple of years before a new plant is constructed in 2013/2014. Capire will be the fourth mine taken from discovery to production. In 2011, it will not add much into production but in 2012 and 2013, it will produce additional 300,000 ounces of silver per year. The management’s goal for this district is to construct a plant with a capacity of 1,000 to 1,500 tpd and bring additional mines into feeding it. Based on my guess, Mamatla Mining District could produce over 4.5 million ounces of silver per annum. Add this to 1.5 million from the Zacualpan Silver District, and by 2015 you have a silver producer with a production level of about 6 million ounces of silver. None of this is included in my valuation calculation.
Valuation
IMPACT Silver increased silver production from 348,949 ounces in 2007 to 823,571 ounces in 2009 which represents a 136 percent growth. All this growth was financed by internal cash flow, which is absolutely amazing. Also, let’s not forget that the price of silver was nowhere near where it is today. In 2010, production dipped to 750,259 because the company revised cut-off grades and mined more medium grade ore as it took advantage of high silver prices. In 2011, silver production is on track to reach 1 million ounces. During the first quarter of 2011, the company already produced 260,970 ounces. By 2012, the company projects a production level of 1.5 million ounces of silver. Considering that so far, the management is executing flawlessly, I have no doubt that they will be able to execute again.
Let’s first look at how much money IMPACT Silver can make with the production of 1 million ounces of silver. I will use a silver price of $30 per ounce even though it is $36 per ounce as of the date of this report.
Revenues = 1 million production x $30 per ounce = $30 million
Expenses = 1 million production x $13 per ounce = $13 million
Profit before Taxes = $17 million or $0.24 per share
Using a multiple of 10 on this number gives us a value of $2.40 per share.
Now let’s take a look at how much IMPACT Silver can make with the production of 1.5 million ounces of silver which is scheduled to occur in 2012.
Revenues = 1.5 million production x $30 per ounce = $45 million
Expenses = 1.5 million production x $13 per ounce = $19.5 million
Profit before Taxes = $25.5 million or $0.35 per share
Using a multiple of 10 on this number gives us a value of $3.50 per share.
What if Eric Sprott is right and silver reaches $50 per ounce?
Revenues = 1.5 million production x $50 per ounce = $75 million
Expenses = 1.5 million production x $13 per ounce = $19.5 million
Profit before Taxes = $55.5 million or $0.77 per share
Using a multiple of 10 on this number gives us a value of $7.70 per share.
What if Eric Sprott is even more right and silver reaches $100 per ounce?
Revenues = 1.5 million production x $100 per ounce = $150 million
Expenses = 1.5 million production x $13 per ounce = $19.5 million
Profit before Taxes = $130.5 million or $1.81 per share
Using a multiple of 10 on this number gives us a value of $18.10 per share.
As you can see the value of IMPACT Silver will depend on the price of silver and its underlying production. Consequently, if we assume silver production levels of 1.5 million ounces of silver, then we arrive at values between $3.50 and $18.10 per share. While I have no idea where it will fall, buying it for $1.70 per share does not seem like a bad idea.
But the story does not end here. The above production calculations are only from the Zacualpan Silver District. They do not include Mamatla Mining District, which as I mentioned before could add over 4.5 million ounces to the company’s silver production levels. Running the same number using 6 million ounces of production can get you a stock price that is significantly higher than any of my conservative estimates. Because the company is cheap based on the current production, I won’t bother calculating it and I will treat it as a free option that might have some value in the future.
Catalysts
On March 24, 2011, the stock of IMPACT Silver reached $3.14 per share and then kept going down. There are several reasons for this decline: 1) the price of silver declined after the margin requirements were increased on the exchange, and 2) warrant holders sold the stock after exercising the warrants.
The CME Group raised margin requirements on trading silver futures several times this year, and consequently, this drove the price of silver down from almost $50 to $36 per ounce today. IMPACT Silver sold off heavily as the price of silver experienced this correction.
On December 15, 2010, the company closed a $15.0 million private placement consisting of 12 million units at a price of $1.25 per unit. Each unit consists of one common share of the company and one-half of a non-transferable common share purchase warrant. Each warrant was exercisable at $1.75 to purchase one common share of the company until December 14. 2012. Under the private placement, the company was entitled to accelerate the expiry date of the warrants in the event that the common shares of the company trade at a price of $2.50 per share or more for a period of at least 10 consecutive trading days.
Because the stock traded at a price above $2.50 per share for 10 consecutive trading days, the company gave such notice to the warrant holders. Some of the investors that exercised their warrants immediately turned around and sold the stock in the open market sending the price below the exercise price of $1.75 per share. While there might still be more selling happening in the near future, all the warrants had been exercised as of last Friday, June 10, 2011, which was the date that these warrants would have expired if not exercised.
What is interesting is that Eric Sprott was part of the $15 million private placement and his company received the majority of the warrants. He did not exercise his warrants until the last few days last week. This means that even though the price of IMPACT Silver was below $1.75 per share and the warrants were technically worthless, he still went ahead and exercised them paying a higher price that what he could have gotten in the open market. I believe that this is a strong indicator that he believes that IMPACT Silver is severely undervalued.
Because the warrants have all been exercised, this could provide a nice catalyst in the near future. More catalysts are likely to come from quarterly earnings and increases in production in 2011 and 2012. The increase in the price of silver should also have a positive effect on the stock of IMPACT Silver.
About Silver
Investment in IMPACT Silver makes the most sense if you happen to be bullish on silver. If you are not, you should probably look elsewhere. The following videos reflect a bullish view on silver.
Eric Sprott – Casey Research Gold & Resource Summit, October 3, 2010
http://www.youtube.com/watch?v=T2w7wGwUZ9Y
Eric Sprott – Vancouver Resource Investment Conference, January 24, 2011
http://www.sprott.com/Main1.aspx?id=297
IMPACT Silver Corporate Investor Presentation – May 2011
http://www.impactsilver.com/i/pdf/CorporatePresentation.pdf
Articles about IMPACT Silver
Wolverton Resource Review by Jim Dartnell – November 28, 2006
http://www.silverstrategies.com/publications/Wolverton_ResourceReview112806.pdf
A Small Silver Miner with Big Potential by Sean Brodrick – May 7, 2010
http://www.torontostockexchanges.com/read_email.php?email_id=1318
IMPACT Silver Mine Tour by Cansano Capital Management – March 29-31, 2008
http://www.cansanocapital.com/Temp/Impact-Silver.htm
YouTube Video about IMPACT Silver
Sean Brodrick sits down in Zacualpan, Mexico, with George Gorzynski, Vice President of Exploration of IMPACT Silver. They talk about what the company is doing and a new mine that IMPACT Silver will soon bring. Very few investors are even aware that this company even exists. When I watched this video, it was only viewed 28 times.
http://www.youtube.com/watch?v=q5rxNL2Qg_0&feature=related
Conclusion
IMPACT Silver is a company run by excellent managers. From its first days of existence, the management has been able to increase silver production at a phenomenal rate using internally generated cash flows. Only recently, it raised $15 million to accelerate the increase in production even further. Because the management executed on its plans flawlessly, I have no doubt that they will be able to bring the company to a production level of 1.5 million ounces of silver in 2012 and even more thereafter. If the price of silver continues to increase, IMPACT Silver is going to be a huge winner. If the price of silver stays at current levels, IMPACT Silver will still be a winner. The price of silver would have to fall significantly below $23 per ounce in order for IMPACT Silver to be not such a good deal. Considering that the governments around the world are destroying their currencies, I doubt that silver will fall below $23 per ounce.
Disclosure: I, or persons whose accounts I manage, own shares of IMPACT Silver. This report is not a solicitation to buy or sell securities. Neither Mariusz Skonieczny nor Classic Value Investors, LLC, is responsible for any losses resulting from purchasing or disposing shares of IMPACT Silver. You are advised to consult your financial advisor or conduct the due diligence yourself.
For the week: -7.10%
Impact Silver Intersects 304g/t Silver And 4.51g/t Gold Across 5.0 Meters at Capire
May 24, 2011
http://www.impactmin.com/s/NewsReleases.asp?ReportID=459044&_Type=News-Releases&_Title=Impact-Silver-Intersects-304gt-Silver-And-4.51gt-Gold-Across-5.0-Meters-at-...
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IMPACT Silver Corp. is a silver producer with an extensive portfolio of advanced silver projects in Mexico. The Company currently produces silver from multiple mines and a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. With mining operations having been profitable from the first day of production and continuing to be profitable even at lower metal prices, IMPACT has distinguished itself as a respected precious metals producer.
IMPACT plans to grow into a premier producer of silver through internal growth and now controls over 623 km2 in the Zacualpan Districts realizing its goal of consolidation in the surround areas. The Company owns the 272km2 Royal Mines of Zacualpan Silver District, the 200km2 Mamatla District and the Zacatecas Silver Project as well as the most recent 150 km2 Southeast Mineral Concessions to its project portfolio through additional external acquisitions.
On November 17th 2009, the Company announced it's first 43-101 resource definition in the Mamatla Silver District, outlining the combined Capire and Aurora 1 Measured and Indicated Mineral Resources estimates at 7.2 million ounces silver, 94.3 million pounds zinc and 38.8 million pounds lead This mineral estimate only covers %0.1 (0.2 sq km) of the 200 sq km Mamatla Silver District (see November 17th 2009 news release or go to Mamatla District under the Projects tab for more information). An updated NI 43-101 Mineral Resource Estimate is currently being prepared.
VISION AND OBJECTIVES VISION: To aggressively build IMPACT into a premier producer of silver. | | |
![]() | Click here for: PDF Brochure |
Directors & OfficersIMPACT's management is a diverse team of experienced, entrepreneurial professionals with a strong background in mineral exploration, mine development, international business, financing and management. Fred Davidson, C.A. - President, CEO OfficesHead Office Legal CounselBoughton Law Corporation AuditorsPricewaterhouseCoopers LLP Transfer AgentComputershare Investor Services |
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http://www.impactmin.com/s/StockInfo.asp | http://www.impactmin.com/s/NewsReleases.asp |
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http://www.impactmin.com/s/ContactUs.asp | http://www.impactmin.com/i/pdf/CorporatePresentation.pdf |
IMPACT Silver quick facts (Sent via email by IR):
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