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And ya just got diluted again...love you guys....wish I owned this company I qoukd just keep issuing shares to you all guys...??????????
Risk54, handsdo, Mediascience, MC2Atlantis
News release:
"Not for distribution to U.S. news wire services or dissemination in the United States."
"Silver Elephant Announces Filing of Technical Report for Pulacayo Project and Final Short-Form Prospectus for Previously Announced $8.0 Million Bought Deal OfferingVancouver, British Columbia, November 17, 2020 – Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce that, further to its press releases dated October 13, 2020, October 20, 2020, October 21, 2020, and October 27, 2020, it has filed its independent amended technical report with a report date of November 12, 2020 and an effective date of October 13, 2020, titled "Mineral Resource Estimate Technical Report for the Pulacayo Project" (the"Report"). The Report was prepared by Mercator Geological Services Limited on the Company’s Pulacayo project and has been filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.
The Company has also filed a final short form prospectus with the securities commissions in each of the provinces of Canada, other than Québec, in connection with its previously announced bought deal offering (the "Offering") of 20,000,000 common shares of the Company (the "Offered Shares") at a price of C$0.40 per share for aggregate gross proceeds of $8.0 million through a syndicate of underwriters led by Mackie Research Capital Corporation and including Canaccord Genuity Corp. and Sprott Capital Partners LP (together, the "Underwriters").
The Company has also granted the Underwriters the option, exercisable in whole or in part from time to time at any time on or prior to the date that is 30 days following the closing date of the Offering to acquire up to an additional 3,000,000 common shares of the Company (representing an additional 15% of the Offered Shares) at a price of C$0.40 per share.
Closing of the Offering is expected to occur on November 24, 2020, or such other date as may be agreed by the Company and the Underwriters, acting reasonably.
The Toronto Stock Exchange has conditionally approved the Offering and the listing of the Offered Shares, subject to customary conditions.Insider Participation.
It is anticipated that John Lee, a director and officer of the Company, will purchase 750,000 Offered Shares pursuant to the Offering. As a result of the participation of Mr. Lee in the Offering, the Offering constitutes a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101").
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Here is the "Conclusion" of the Technical Report.
From SEDAR Filings;
MINERAL RESOURCE ESTIMATETECHNICAL REPORTfor the PULACAYO PROJECT
Page 24
(Snip) ...
"Interpretations and Conclusions Based on results of the current mineral resource estimation program documented in this report, Mercator has concluded that detailed economic assessment studies are warranted to assess the economic viability of a combined open pit mining scenario for the Pulacayo and Paca deposits with the possibility of related underground mining opportunities. Good potential exists for mineral resource extensions at both the Pulacayo and Paca deposits and new prospect evaluations are also warranted within the exploration holding. The current mineral resource estimate represents a 226% increase in total sulphide contained silver equivalent from the previous mineral resource estimate reported by Cullen and Webster (2017) and includes definition of new oxide mineral resources. This substantial increase in total contained metal reflects the transition from a low tonnage high grade assessment approach or concept used in 2017 to the low grade open pit mining concept of the current mineral resource estimate."
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Upside is a 226% increase in Pulacayo silver reserves, a positive on the balance sheet. Open pit operations would cost less and make it more attractive to start up operations or to potential purchasers.
The share offering; If fully subscribed it will result in $8,000,000 CND. Offset that against 23,000,000 share dilution for current shareholders.
I do not know specifics of the offering. Generally there is a required hold period before subscription shares can be sold. In the U.S. insider sales are generally restricted to certain periods of time, usually about once a quarter. I do not know how this would be handled under Canadian law. I do not have a large number of shrare but I am not selling at this time.
(Everyone should do their own Due Diligence when deciding to invest.)
Ha....Never when money is involved...I like what these guys are doing....Proven reserves adding to the NAV is the way to go these days......
I know in interviews when asked what's the next step via production they hesitate and say "well we have options once we get there"
They have "1" option....sell to the highest bidder
Risk54: Wack, squack, beware, beware! Going down to $.10 per share!
(Just Remember, a seagull troll bot tried to save you! Really tried! Only thinking of you not his short sale!)
Risk54: Good purchase! I have some shares. I wish I had more. Up 16%.
(But you know, a bot bird told me it will go to $.05 per share, snort!)
Maybe some day it will be possible to intelligently discuss this stock on this board without getting hit with a guano storm.
Just took a large position in the Elephant...Wakebe convinced me...
Pain in the wallet for all investors here...I tried to save you...I tried....insiders control this ...your peons...getting ripped off like scabs on a cut...enjoy
Ole the dark days for this stock have just started...total eclipse....!!!!!.....
Yeah a 6 week shutdown...lol...
Looks like the pain continues as the dumping continues....pain pain pain...??????????????????????????????????????
Must be some real good news coming with gold down 80 plus dollars and this stock making such a good move upward.
"Pain will come!"
True! You keep posting!
Price goes up, price goes down. Its down 15 cents from some price in the past.
(Will time pass? Will it get dark tonight?)
Kunio? Shorting this stock?
Nice to see a chart for direction - http://schrts.co/xBKNcQHz
More pain to come...as I've said...losses will mount...!!!!...beware
Roflmfao yeah its went down as I've said lol...over 15 cents and will continue to drop
in the case of silver, we have been waiting such a long time..
MC2 Atlantis:
A day at the beach! This is what happens to any attempt at posting information and discussing SILEF:
Looks Like I am here again! "Sqwack! "
A someone who said they sold all their shares in this stock and made a bundle keeps coming back to shout in the air, insult any other posters and the company, and generally draw attention to themselves.
You also have to take into account government debt around the world. Not just the United stars. The announcement of future stimulus will make Gold and Silver rise while helping the economy at the same time.
Although, I am not saying or betting against a V recovery once President Trump is re exacted. For he is the only one today that can make that happen.
This stock is way under valued. IMHO And it’s been doing the opposite of every negative innuendo that you post about it But I have to give you points for effort and persistence.
This goes no where but down to 20 cents wished you had read my post....mined or unmined....this drops with silver economy is less than 2 months away from a ""v"" recovery...!!!!....Mexico is the big boy in this market...
My previous post should have read “from the PR posted today” GLTA
I doubled my position yesterday and from the PR erased today looks like I might have timed it just right..
Looks like I was right...lol...stock has tanked one third look for another 12 to 15 cents drop...your welcome!!!!!
Looks like a gutter ball to me lol....idiots....big boys done sold into you all...more shares to come..way to many press releases....pump n dump....hello
Basically made it all back in a day...
Strong dollar...not good for precious metals....just so you can expect the bottom to fall out of this stock...!!!!!
Please send me John Lee's email address.
Wakeby.
I may or may not have shares in this company, but you said you don't and for some reason you keep posting to this board. Here is news for the company:
https://www.silverelef.com/silver-elephant-subsidiary-acquires-bisoni-vanadium-project-next-to-gibellini/
Surprise! They have expanded their Vanadium holdings!
Enjoy!
The centers for disease control just released covid-19 only responsible for 9700 deaths in united states....your welcome to the ones I told it was a hoax....hoax hoax hoax....vindicated again and again....anyone message John Lee on building the mine cost start up yet??? 160 million....somehow I guess just good at making up numbers....check ya self before ya wreck ya self..
Covid fears helped silver today but the big hammer drops when these phase 3 drugs are approved in less rhan 30 days....silver and gold won't have a leg to stand on....economy will go zero to 100....election over holiday season....triple and quadrupple whammy......bang bang bang....bang bang....
Silver ?? Gold?? Dropping?? Economy about to explode into a recovery...who would predict this all????
John Lee ceo will email you back usually within a hour..ive had a message answered in 5 minutes...
You listen to obama...thats your first problem...message John lee...the ceo...he can tell you just like he told me...i thought that was expensive as well...no power no water and basically building roads and waste water treatment plants buildings the chemicals alone to bleach the vanadium are several millions if dollars...equipment 777 catapillar trucks are over a million each yeah 160 million easily...!!!
Silver gold dropping???...omg....im suprised...roflmfao...""idiots''...gator-bait
last news:
https://www.silverelef.com/silver-elephant-intercepts-1565-g-t-silver-8-25-pb-3-85-zn-1825-g-t-ageq-over-5-meters-with-pud-283-while-pud-284-intercepts-66-7-meters-grading-182-g-t-ageq/
and
https://www.silverelef.com/silver-elephant-37-triunfo-samples-assayed-up-to-8-3-g-t-aueq-1000-meter-drilling-commences-today/
thank you for the video:
"Silver Elephant Is Acquiring Large Lots of Silver In The Ground"
also silver price should continue to increase.
Your post makes as much sense as the Obama speech last night. An open pit mine will NOT cost $160,000,000 start up. Vanadium from a Nevada mine is SO much more valuable than product from Usebeckistan or Usewhateverstan. Maybe some of those apples hit you on the head too much!!
Wait I knew.... giggles....economy will be back in full swing in 60 days dummies.....
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