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Outstanding results for SVM,
"https://ih.advfn.com/stock-market/AMEX/silvercorp-metals-SVM/stock-news/93698939/silvercorp-reports-operational-results-and-financi"
Boing X 2
Looks like SVM not done with Celsius,
"https://www.proactiveinvestors.com/companies/news/1045565/celsius-resources-secures-additional-funding-from-silvercorp-metals-to-channel-into-copper-gold-exploration-1045565.html?region=ca®ion=ca"
Boing X 2
I hope Lon or someone from SVM reads this board.
Andrew McGuire, from Live From the Vault, just said silver should be at 200.00 right now. He further said breech of the 50 buck level and silver goes parabolic. He further sates gold valued under 3K is grossly undervalued.
We need to tie down New Pacific Metals with their million of ounces of silver and gold as well as Omai before the above happens.
Andrew has been spot on with his recent silver price break out over 26.25. It is cheaper to hit 51 percent ownership now then when the above happens.
Boing X 2
Hot off the press. 4day old video. Robert K is a well know metals dealer in Texas.
"https://www.youtube.com/watch?v=xEvQfNp_bbM"
Be sure to listen to what Lon says around minute 18.22 and after.
Boing X 2
There are articles of the silver supply running out in two years.
SVM needs to tie up New Pacific Metals at 51 percent ownership while the stock is still reasonable.
They will have decades of mine supply. If others run out SVM could really be seeing premium prices on silver. Also, they have gold.
Boing X 2
SVM needs to get to 51 percent ownership now.
"https://www.youtube.com/watch?v=lSqsROcHA7k"
Omai is a steal at this stock price.
4 day old video,
Boing X 2
silver just ended the week with a bullish engulfing candle.
Might have lift off next week.
Boing X 2
SVM needs to get 51percent ownership right now. Dirt cheap stock. Now up to 3.8M oz gold and more expected. Most of plant still in place.
"https://finance.yahoo.com/news/omai-gold-delivers-pea-tax-142600999.html"
Will make up for ore corp loss and much cheaper.
Boing X 2
Gareth Soloway just said silver had a confirmed breakout yesterday.
Boing X 2
Article this am. at Kitco. Expect silver supplies to run out in two years.
"https://www.kitco.com/news/article/2024-04-02/silversqueeze-coming-stocks-could-be-depleted-two-years-td-securities"
IMHO SVM should grab New Pacific Metals right now while it is still reasonable and set themselves up should this happen.
Not only silver they get gold likewise. Not going to be cheap two years from now.
Silver was over the magical mark of 26.25 this am. then dropped back down under. Need to close at or above to confirm.
Boing X 2
Two day old video. New Pacific Metals
"https://www.youtube.com/watch?v=9pYWczMconE"
Big tonnage of silver and gold at Carangas
Boing x 2
While two years old, this video shows why I think they should go after OMAI gold now. Shows the layout and never really drilled properly.
"https://www.youtube.com/watch?v=OIRt0hDCxTQ"
Boing X 2
Some thoughts now Ore Corp is no longer on the table.
OMAI gold already has 2M ounces gold and likely will find as much or more. We already own a ton of their stock and sit on their board.
The mill is already in place. They might have to add new ball mills. A thought is, with a properly supported tunnel, under the mill they can expand on the other side without removing the plant that was left. This would save major money.
OMAI stock is still so cheap it would not take much money to get to 51 percent ownership now.
Next,
SVM might consider getting to 51 percent on New Pacific now. We are at 27.4 percent now. Again not much money to have control with mega silver and gold reserves for years to come. They could accomplish taking over OMAI and New Pacific likely for less than what Ore Corp was going to cost them.
Just al IMHO.
Boing X 2
Two day old Lon Shaver interview with comments on Orecorp.
We do have a breakup fee they pay us if it doesn't go through. He feels with the market going. up our offer is a better offer then the all cash offer. If we don't get the takeover we still have a large number of shares to participate and make money.
In other words a win any way one looks at it.
My best guess is we prevail over an all cash offer. Orecorp shareholders get a slice out of SVM other assets by going with our offer.
The end is March 22nd. The gold and silver prices might continue higher in the mean time and make our offer even better for them to accept.
Boing X 2
3rd quarter results,
"https://ih.advfn.com/stock-market/AMEX/silvercorp-metals-SVM/stock-news/93240116/silvercorp-reports-adjusted-net-income-of-11-5-mi"
Boing X 2
Just need Orecorp shareholders approval now.
"https://finance.yahoo.com/news/silvercorp-receives-tanzanian-fcc-approval-014600631.html"
Boing X 2
High grade drill results,
"https://finance.yahoo.com/news/silvercorp-reports-high-grade-silver-123000737.html"
5kplus g/t on one drill result.
Boing X 2
We are almost there. Mid Feb.
"https://ih.advfn.com/stock-market/AMEX/silvercorp-metals-SVM/stock-news/93160218/silvercorp-satisfies-another-condition-in-connecti"
Boing X 2
New Pacific new video 3 days ago,
æ
New video with Lon regarding Orecorp
"https://www.youtube.com/watch?v=RWITDd9YLIY"
Boing X 2
A lightbulb just went off, I know, I know, No jokes.
BTG is in the same office as SVM.
Six months ago BTG said they were looking to expand in the Philliipines
How about SVM an BTG do a joint buy out of CLA.AX. not a big cost to either that way and we get a fully permit operation going.
They both win.
Boing X 2
This came in right after I left town.
High grade gold and silver drill results,
"https://finance.yahoo.com/news/silvercorp-reports-high-grade-gold-003900731.html"
Setting up for a great new year.
Boing X 2
Omai finds more gold,
"https://finance.yahoo.com/news/omai-gold-announces-7-69-130100643.html"
Boing X 2
Some thoughts on OreCorp.
I note on 11/27 there were 50M shares traded. Then on 11/30 there were 57M shares traded.
We know Lon said he was going to consider his options.
It would seem less probable that Persus would buy those shares with a potential value of .60 cents a share that were bought at an average cost of around .48 cents a share over those two days and then vote no. That would be in addition to the 19 percent they already own.
It would seem more probable that SVM bought the shares and would then vote the shares and then cancel them and not have to pay .60 cents in stock and cash out there by saving money and less share dilution.
Not sure why that volume would be sold at .48 cents average vs. holding out for the higher figure.
At any rate the vote takes place at 9PM our time tonight. That will be 10am. Perth time Friday. So, we should know late tonight or early tomorrow if the plan was approved.
Good luck Lon and SVM.
Boing X 2
I notice it says they will pay the dividends on or before Dec. 15th.
It would be a nice holiday present for them to pay them early while the market is down. They have already kissed the money off and it would be great to get to reinvest them at this lower price. Helps them on shareholder ownership likewise.
Boing X 2
Lon to the rescue,
"VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) notes the announcements made by Perseus Mining Limited ("Perseus") (ASX: PRU) (TSX: PRU) in relation to its acquisition of a 19.9% interest in OreCorp Limited ("OreCorp") (ASX: ORR). Silvercorp is considering these announcements to determine an appropriate course of action in the best interests of Silvercorp shareholders.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.
For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
"
Boing X 2
Orecorp update,
"https://ih.advfn.com/stock-market/TSX/SVM/stock-news/92642557/silvercorp-and-orecorp-enter-into-amending-agreememt"
Boing X 2
Towards the end of the video Lon says some additions coming on to the Ying district shortly.
My best guess is regarding gold. We shall see.
Boing X 2
Just posted video,
"https://www.youtube.com/watch?v=TExRBdpdsDY"
Boing X 2
SVM had a solid close above the 50 day moving average of 2.32 on Friday.
One analyst opinion,
Analyst Forecast
According to one analyst, the rating for SVM stock is "Strong Buy" and the 12-month stock price forecast is $8.0.
Price Target
$8.0
(238.98% upside)
Analyst Consensus: Strong Buy
Hope he is right.
Boing X 2
New video for New Pacific.
:
Sorry about the typo on Omai.
Hot off the press for the Ying mine,
"https://www.youtube.com/watch?v=TnlWrS8G1Qo"
Looks like a lot of potential for mining more gold.
Boing X 2
Omar keep getting good drill results,
"https://finance.yahoo.com/news/omai-gold-drills-5-89-131400962.html"
Boing X 2
Silvercorp Provides Update on OreCorp Transaction Progress
November 16 2023 - 07:30AM
PR Newswire (US)
OreCorp's Scheme Booklet, including a fair and reasonable conclusion from the Independent Expert's Report, sent to OreCorp shareholders last week
Scheme Meeting of OreCorp shareholders to take place at 10:00 am (AWST) on December 8, 2023
Approval from the Tanzanian Fair Competition Commission for the proposed acquisition has been issued to Silvercorp
Silvercorp generated $28.8 million in operating cash flow during Q2 Fiscal 2024 and held $189.1 million in cash, cash equivalents and short-term investments, plus a further equity investment portfolio with a total market value of $124.0 million as at September 30, 2023, after it invested $18.5 million into the equity of OreCorp to finance its Resettlement Action Plan ("RAP") for the Nyanzaga Gold Project
VANCOUVER, BC, Nov. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to provide an update on the proposed transaction (the "Transaction") with OreCorp Limited (ASX: ORR) ("OreCorp") as first announced on August 6, 2023.
Transaction Progress
The extensive documentation necessary to seek OreCorp shareholder approval of the Australian scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (the "Scheme") has been sent to OreCorp shareholders
On November 2, 2023 the Federal Court of Australia approved: the convening of the OreCorp shareholders meeting to consider and vote on the Scheme (the "Scheme Meeting"), currently scheduled to take place at 10am (AWST), December 8, 2023, and the delivery on November 8, 2023 of the explanatory statement and notice of Scheme meeting (together, the "Scheme Booklet") to OreCorp shareholders for their consideration
The Scheme Booklet sets out the key terms of the Transaction, the reasons for OreCorp's directors' recommendation, and includes an Independent Expert's Report that concluded the Scheme, in the absence of a superior proposal, is fair and reasonable and in the best interests of OreCorp shareholders
In late October, representatives of both companies attended the Tanzanian Mining & Investment Forum and held constructive meetings with several representatives of the Tanzanian government who continue to express enthusiasm and support for the Transaction and development of the Nyanzaga mine
Tanzanian FCC Approval
After the Silvercorp team held meetings with the Government of Tanzanian, on November 6, 2023, Silvercorp received a Merger Clearance Certificate (dated November 3, 2023) from the Tanzanian Fair Competition Commission (the "FCC") approving the Transaction without conditions. The FCC approval represents the sole Tanzanian regulatory requirement needed to complete the Transaction.
Silvercorp Chairman and CEO, Dr. Rui Feng commented: "We would like to express our gratitude to the FCC for their support throughout the approval process. We also thank everyone involved for their collective efforts over the past few months, resulting in successfully achieving numerous milestones for the transaction—paving the way for the creation of a new globally diversified precious metals producer. We eagerly anticipate continuing Nyanzaga's project execution in close partnership with the Government of Tanzania to ensure a successful development that benefits all stakeholders."
Silvercorp has the financial strength to close the Transaction and advance the development of the Nyanzaga Gold Project
Silvercorp reported strong Q2 Fiscal 2024 financial results on November 9, 2023. During the quarter, cash flow from operating activities totaled $28.8 million, and with $189.1 million in cash, cash equivalents, and short-term investments at the end of Q2, Silvercorp has the financial strength to close the Transaction and advance the development of the Nyanzaga Gold Project.
Silvercorp's equity investment portfolio, valued at $124.0 million as of September 30, 2023, includes a $18.5 million private placement in OreCorp, completed in August 2023. Proceeds from this investment have been applied towards resettlement activities outlined in the RAP. This important step will assist in facilitating the prompt development of the Nyanzaga Gold Project. As of OreCorp's report for the quarter ended September 30, 2023, issued October 19th, compensation payments in relation to the implementation of the RAP are well advanced, with approximately 84% of the agreements fully executed and approximately US$6 million paid to date. The tender process for constructing resettlement housing is well underway.
Transaction Details Recap
Silvercorp intends to acquire all fully-paid ordinary shares of OreCorp not held by Silvercorp (the "OreCorp Shares") by way of the Scheme, with each holder of OreCorp Shares (other than ineligible shareholders and Silvercorp) receiving, for each OreCorp Share held on the record date for the Scheme, A$0.15 in cash and 0.0967 of a Silvercorp common share, or at the OreCorp shareholder's election, 0.0967 of a new Silvercorp CDI (subject to ASX admitting Silvercorp to the official list of ASX and approving Silvercorp CDIs for official quotation). The Transaction is subject to the satisfaction and/or waiver of various remaining conditions, including OreCorp shareholders approving the Scheme at the Scheme Meeting, final approval of the Federal Court of Australia, and acceptance from the TSX and NYSE American, including in respect of the issuance and listing of new Silvercorp common shares issuable pursuant to the Scheme.
The OreCorp Board has unanimously approved the Transaction and has recommended that all OreCorp shareholders vote in favour of the Scheme at the Scheme Meeting, in the absence of a superior proposal and subject to the independent expert appointed by OreCorp (the "Independent Expert") continuing to conclude that the Scheme is in the best interests of OreCorp shareholders.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.
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Facilitated by China's 1997 Mineral Resource Law (click here), Silvercorp first entered China in 2003 to capitalize on the country's vastly underexplored geological potential. While the Chinese government invested tremendously in geological exploration in the 1950s and 1960s, leading to many discoveries, very little capital or advanced exploration technology were available to exploit them fully. China's 1997 Mineral Resource Law was adopted specifically to enable foreign mining companies to explore and mine in the country -- inviting in the advanced exploration technology, expertise and funding China needed to truly develop its tremendous resources.
In 2004, Silvercorp acquired the Ying project, a small producing mine in the Henan province, and exploration over the next two years led to the discovery of exceptionally high-grade silver-lead-zinc mineralization in a multitude of narrow veins similar to the prolific Coeur d'Alene silver district in Idaho, U.S.A. On March 31, 2006, Silvercorp received its first mining permit from the Ministry of Labour & Resources and commercial production of silver, lead and zinc from the Ying mine began the next day.
Today, Silvercorp is China's largest primary silver producer, achieving production of approximately four million ounces of silver in fiscal 2008. Due to the exceptionally low costs of operating in China, along with the high efficiency of a skilled labour force, Silvercorp has enjoyed industry-leading profitability and returns among its industry peers. In fiscal 2008, the company generated net profits of $59.9-million on sales of $108-million, representing earnings of $0.41 per share. As testament to its profitability - and a demonstration of its ability to repatriate profits - the company paid its first annual dividend to shareholders of $0.05 per share on October 21, 2007.
Following upon its success at the Ying mine, Silvercorp acquired three nearby mines and consolidated the district in 2007. The company now has four mining permits in the Henan province along with a newly acquired development project in the Guangdong province, which is currently in the mining permit application process. In addition to its operational success Silvercorp is considered a preferred mining company in the Henan district, having built a solid reputation for upholding high safety and environmental standards and supporting local community initiatives. Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion and continuing acquisitions with a focus in China.
Silvercorp is listed on the Toronto Stock Exchange under the symbol "SVM", and is a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick, Canada. The company is also a reporting issuer in the United States and commenced trading on the New York Stock Exchange under the symbol "SVM" on November 5, 2009. Prior to the NYSE listing, the company traded on the NYSE Amex beginning on Feb. 17, 2009.
The Company was formed as Spokane Resources Ltd. pursuant to an amalgamation of Julia Resources Corporation and MacNeill International Industries Inc., under the British Columbia Company Act, on October 31, 1991. By special resolution dated October 5, 2000 Spokane Resources Ltd. consolidated its share capital on a 10:1 basis and altered its Memorandum and Articles of Incorporation by changing its name to SKN Resources Ltd. On May 2, 2005, the Company filed a Notice of Alteration with the Registrar of Companies changing its name from 'SKN Resources Ltd.' to 'Silvercorp Metals Inc.'.
Prior to being listed on the Toronto Stock Exchange on October 24, 2005, Silvercorp Metals was listed on the TSX Venture Exchange from July 26, 2001, to May 1, 2005.
Myles Gao, President and COO of Silvercorp, joined the company as a director on November 25, 2002, just before the company acquired its first project in China. Dr. Rui Feng,Chairman CEO, joined on September 5, 2003.
Operating in China poses great opportunities but also unique challenges. Management of Silvercorp has built up a record of success in this environment by formulating and executing a distinct long-term strategy characterized by three key steps:
1) Acquire a project and conduct selective exploration to further delineate its potential
2) Develop mine operations and generate profits before the project's potential is fully drilled
3) Use cash flow generated from operations to fund further exploration, resource expansion and production ramp up.
Silvercorp's strategy has been effectively applied at its Ying mining and exploration project, where over 74,619 metres of underground workings (tunnels and stopes) and 78,581 metres of underground and surface drilling in 280 holes were completed between 2004 and 2007. Most of the work was financed by profits from the sale of ore taken out during mine development, which produced three key benefits critical to our continued success:
1) Local Employment - mine development creates jobs for neighbouring communities, boosting the local economy and creating an immediate sense of community involvement in the project.
2) Tax Revenue for Local Government - boost in local support and the taxes collected from profits ensures the support of the local government for the continuation and success of the project.
3) Minimum Dilution for Shareholders - immediate profits and returns means immediate value appreciation for Silvercorp's shareholders and minimum dilution of shareholders' equity.
Because the full potential of Silvercorp's projects has not been realized due to limited drilling, the projects are still open to tremendous exploration potential. For instance, only a small portion of Ying's 50 km2 project block has been fully explored. As of the date of the last technical report on August 16, 2007, silver-lead-zinc-gold-copper resources have been defined at only 18 out of 28 veins identified at the Ying property. Continuing work in these areas may find new veins as well as new mineralized shoots in known veins, potentially extending the life of the company's mines for many years.
Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion through exploration of existing projects and continuing acquisitions with a focus in China.
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