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I held off buying until 1.24 and 1.19, we are past that dip and I doubt it will return that low.
This should be the last of the toe rag investors just getting out of this stock from an awareness program.
At this point anything under 1.50 is a steal but as the future gets closer I have no problem paying $2 or $3 dollars per share here if the story shows promise.
This entire story depends on the NI43-101 and the size and scope of the drill program, that is what I need to see before I toss 5 figures into this as a long term hold, however under the counter whispers are saying this is a major blowout discovery..
I consider this price to be undervalued for what we have here.
We shall see.
Insiders own ~41% of shares issued including First Majestic Silver and Eric Sprott5** Includes 1,500,001 Escrow shares
Insidersholdings: ~41% of shares issued including:First Majestic Silver Corp. holding ~16% and Co-founding shareholder Eric Sprott holding
~17%Shares Issued** 36,822,734Warrants 5,575,028
Stock Options3,400,000 Fully-Diluted45,797,76252
-Week High/Low$2.29 / $0.22 30-Day Average Trading Volume316,91430-
Day Volume Weighted
Average Price$ 1.89January 15 Closing Price$ 1.73Market CapCAD$ ~64,000,000
Project overview
Corporate Highlights
4Quality projects, experienced people and good share structure
?$10.5 Million financing closed with lead orders from Eric Sprott and First Majestic Silver Corp.
?Latest drilling at La Joya returned significant mineralization in 15 of 17 holes including 1,778 g/t silver equivalent (62.7 oz/ton AgEq) over 2 metres in hole LJ DD14-116.
?Definitive Agreement signed to acquireup to a 100% interest in the La Joya Silver Project located in the State of Durango in the Mexican Silver Belt.
?Mine Finders Perry Durning and Frank (Bud) Hillemeyer, past recipients of the PDAC Thayer Lindsley Int’l. Mineral Discoveries Award, joined Silver Dollar as Technical Advisors.
?Prospecting, soil sampling and mapping, and IP surveying underway on Long legged Lake property in Red Lake to follow up on key structures identified in 2019 MAG survey.
?Northern boundary of Pakwash Lake property inRed Lake borders TNT Target, a potential Cu-Ag-Au VMS discovery being explored by BTU Metals.CSE: SLV |OTCQB: SLVDF | Frankfurt: 4KW
Mining plays are usually run on hope, but I doubt it will hit $30 per share until they are well into multi month production with good numbers.. even though silver will double in the next year or so profits on silver mines are iffy at best sometimes. However Sir Sproutt knows that and only invests in strong potential winners.
I am however.. pay attention here.. putting all r/m project profits into this company and one gold company.. this should really be completed by the end of Sept when the entire market changes and only accredited investors will be able to see and play any stock below pink current status.
I have known Eric Sprout personally for over 10 years and we once sat down for a lunch together... which really means diddly squat.
Honestly, I think this could EASILY run to $30-$50 dollars a share this week for all the reasons you mentioned and also the "green new deal" , GM to be all electric by 2035, Tesla, solar panels and 1000 other reasons.
The silver is gonna have to come from somewhere!!
I had been buying the 20oz tubes of their house silver "liberty" 1 oz rounds from SD Bullion via the wal mart app and 2 days ago , there were 100 availible 2 days ago, 12 available last night and now it (along with most everything else) says "OUT OF STOCK"!!!
Physical market is drying up!!
I think SLVDF goes to $30- 50/ share THIS WEEK!!
Glad I bought in HERE on Friday!!! Same average as Mr. Sprott, seems like this could be a BIG winner!!!!!
Low float, no debt, big hitters as main owners.....licking chops!
“Due to unprecedented demand on physical silver products, we are unable to accept any additional orders until markets open Sunday evening.”
- APMEX
Not Badd
Whoever had that short position probly isn't happy right now
volume will tell the story, and it will only increase as silver continues kaboombing.
you are correct, bid sitting never works anyway, you waste hours and get dribbles.. if you have done you homework you know that the ask is cheap!
short squeeze will not happen here, this stock is primarily a Canadian ticker with US add on hence the "F" in the ticker for foreign
Exactly... :) :)
And right now they're trying to drive the price down when buying just go right at the ask don't even bother with the bid , that was the big thing that they did to over whelm gamestop and you know the rest
When a major mineral mutual fund manager spends $6.5 million of his own money on a project you best pay attention!
The stock also has a very small float so we can win very very very big here
I am now IN!!!!!!!!!!!!!!!!! Weeeeeee
If you want to cover you need to manipulate down, we will see this hit higher and higher today.
That is not real selling on the ask why is somebody trying to drive the price down because they lost and are losing a lot of money because they shorted it for 420000
Definitely by the crapped out of this thing
Today could be huge, all eyes on this one!
Goto: https://www.otcmarkets.com/stock/SLVDF/overview
and look at the short intrest for this month!!
someone ,somewhere is short 420,000 shares of SLVDF, today is the last day for shorts to cover, if i am right , someone bet this thing was going to goto like .50 -.60 hahahahahahahaha
Someone is gonna either get wrecked will HAVE TO drop $500,000 on this TODAY!!
Buy the crap out of this thing to make stupid amounts of money, seriously!!! This combined with the rising silver price
Silver at $27 and rising already...
wow
What do you think the timeline is?
That would be nice lol
IF they hit Silver Deposits in current exploration AND confirm Gold / Dividend Payout from La Joya project then YES
So you think SLVDF goes 40x from $1.28 USD??
Asking for a bunch of friends :)
Atta boy, Smart money is all over this ticker. Sit tight. 40X
Just found you folks today and love the fundamentals. Bought in and buying more... Thanks... BOSS.
Because this is a REAL COMPANY backed by renowned investor Eric Sprott with 0 Debt!
In the private group for the WSB thing there was talk of also going into the minors as well and SLVDF was one of the 3 that they mentioned
Bought some in here, WSB boys and girls might be going after silver next
Rumors here of a major silver find. It's all speculation until the NI 43-101 but still, look at the playa's here.
I am in, got the dip I was looking for so now my question is: What is my investment going to be worth in 2 years.
Going to jump in today
Train is leaving the station. This is a REAL COMPANY WITH 0 DEBT. FULLY FUNDED. SLV to 100
Fantastic Share Price today - Dollar is manipulated, don't get shook
Not much of a Canadian following yet either, I think the timing is about perfect for a two year hold. The NI 43-101 is the key to either .50 to $30.00 a share, pick one I guess.
here is a press release from last Oct. that I find interesting
Silver Dollar hires Tetra Tech as technical adviser
2020-10-21 10:06 ET - News Release
Mr. Michael Romanik reports
SILVER DOLLAR RETAINS TETRA TECH AS TECHNICAL ADVISORS FOR THE LA JOYA SILVER PROJECT IN DURANGO, MEXICO
Silver Dollar Resources Inc. has hired Tetra Tech Inc. as a technical adviser to work alongside the company in guiding future exploration efforts on the La Joya silver project in Durango, Mexico.
Tetra Tech was previously involved with the project, providing technical support services between 2010 and 2015, when SilverCrest Mines Inc. owned and operated the project. The Tetra Tech team consists of independent qualified persons, as defined by National Instrument 43-101, who have visited the project on several occasions, completed two inferred mineral resource estimates and developed a preliminary economic assessment study on behalf of SilverCrest.
"We are thrilled to be working with the Tetra Tech team, whose previous experience and knowledge of the La Joya project is already paying dividends," said Michael Romanik, president of Silver Dollar. "This enables us to hit the ground running as we prepare for our initial drilling program. A formal historical data compilation is in progress and will be used for the development of an updated geological model to aid in identifying regional hot spots for follow-up exploration."
About the La Joya project
Under the terms of the definitive agreement between Silver Dollar and First Majestic (see news release dated Aug. 10, 2020), Silver Dollar has been granted an exclusive option to acquire an initial 80-per-cent interest and, if exercised, a second option to acquire an additional 20-per-cent interest for an aggregate 100-per-cent interest in First Majestic's La Joya silver-copper-gold property. The property, located in the southeastern portion of the state of Durango in the Mexican silver belt, consists of 15 mineral concessions, totalling 4,646 hectares, and hosts the main mineralized trend, the Santo Nino deposit and the Coloradito deposit.
The property is situated approximately 75 kilometres directly southeast of the state capital city of Durango in a prolific mineralized region with past-producing and operating mines, including: Grupo Mexico's San Martin mine; Industrias Penoles's Sabinas mine; Pan American Silver's La Colorada mine; and First Majestic's La Parrilla and Del Toro silver mines. Access and infrastructure near the property are considered excellent, with highway, rail and power lines nearby.
P. James F. Barr, PGeo, of Tetra Tech, a qualified person as defined in NI 43-101, has reviewed and approved the technical content in this press release.
About Silver Dollar Resources Inc.
Silver Dollar Resources is a mineral exploration company focused on creating shareholder value by finding and developing economic precious metal and base metal deposits. Silver Dollar's projects are located in two of the prolific mining jurisdictions in the world and include the advanced-exploration-stage/development-stage La Joya silver project in Durango, Mexico, and the discovery-stage Pakwash Lake and Longlegged Lake properties in the Red Lake mining district of Ontario, Canada. The company has an aggressive growth strategy and is actively reviewing projects in mining-friendly jurisdictions internationally for potential acquisition.
We seek Safe Harbor.
Considering Eric Sprott's reputation... I would say FOLLOW THE MONEY!
So who throws $6.5 milly into one company? Eric Sprott does I guess, you think he knows something?
Eric Sprott Announces Investment in Silver Dollar Resources Inc.
Toronto, Ontario--(Newsfile Corp. - September 17, 2020) - Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 4,621,241 common shares (shares) of Silver Dollar Resources Inc., through a private placement, at $1.40 per share for aggregate consideration of approximately $6,469,737.
https://www.newsfilecorp.com/release/64075/Eric-Sprott-Announces-Investment-in-Silver-Dollar-Resources-Inc.
Was waiting for this day. Now to wait for the NI43-101.
There is a rumble in the jungle over this one, some very heavy hitters are jumping on board, including Billionaire Eric Sproutt is throwing his own money into this one.
That geologist is no slouch either, this one should be a ride,(personal WAG $15.00 in two years)
DRILLING SAMPLES coming first half of 2021. SLV on the Road to $50 with Solar Panel Industry taking the world by storm. No Brainer
The "blight" has been cleared and the bullhorn is now gone from the SLVDF OTC page. :)
Silver Dollar Appoints Technical Advisors
Perry Durning and Frank (Bud) Hillemeyer are past recipients of the PDAC Thayer Lindsley International Mineral Discoveries Award
Mr. Hillemeyer, M.Sc., (Bud) is an economic geologist who has been actively involved in mineral exploration for 37 years and has a proven record of discovery. He graduated from the University of California at Berkeley with a B.A. in Geology and from San Diego State University with an M.Sc. in Geology. Bud has conducted extensive exploration programs in the western United States, Mexico, Honduras and Costa Rica. He has worked with an array of clients including Kennecott, Meridian Gold, BHP, Mount Isa Mines, Hecla Mining, Crown Resources, Monarch Resources, Silver SSR Mining, Canplats Resources, and The Electrum Group.
https://www.newsfilecorp.com/release/58668/Silver-Dollar-Appoints-Technical-Advisors#:~:text=Durning%2C%20M.Sc.%2C,University%20and%20an%20M.Sc.
Link to Investor Presentation -> https://silverdollarresources.com/images/Silver-Dollar_Presentation.pdf
This stock is going to $10.00-$14.00. NO DEBT! CASH HEAVY! DIVIDEND POTENTIAL!
I googled... http://ccmr-ocrmc.ca/wp-content/uploads/41-101_ni_en.pdf
thanks again!
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