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They are trying to keep this from going down.
Around the 27th it is likely going down around another dollar when the dividend is declared.
The chart shows this going down further in my opinion.
Those buying at these prices might not be happy shortly.
Time will tell.
Boing X 2
Breakdown in chart,
Just broke down below the 200 and 50 day moving averages.
Sell signal might kick in on Monday.
Boing X 2
More positive drill results,
https://ih.advfn.com/stock-market/AMEX/b2gold-BTG/stock-news/89763626/b2gold-announces-exploration-drilling-results-from
Boing X 2
Playing with fire IMHO,
Short Interest Ratio (Days To Cover) 1.5
Short Percent of Float 1.47 %
Short % Increase / Decrease 7 %
Short Interest (Current Shares Short) 15,540,000
Shares Float 1,060,000,000
Short Interest (Prior Shares Short) 14,530,000
Why not jack that up to 50M?
Boing X 2
I hope we get further information on this,
In December 2020, Silvercorp’s 100%-owned subsidiary, New Infini, acquired a 100% interest in Infini Resources, S.A. de C.V. (“Infini SA”), a Mexican corporation which holds a 100% interest in the La Yesca project, in return for a US$9.25 million cash payment and a 45% interest in New Infini shares to the arm’s length vendors (the “Vendors”), pursuant to the terms and conditions of a framework agreement (the “Agreement”).
The cash payment of US$9.25 million was provided by Silvercorp (US$7.57 million) and a group of Silvercorp’s directors, officers, employees, and consultants (US$1.68 million) in return for their interests of 45% and 10%, respectively, in New Infini.
Through New Infini, Silvercorp assumed management and control of Infini SA and became the operator of the Project.
A “discovery payment” of up to $30 million calculated on the basis of US$0.20 per ounce of silver resources as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), is payable by New Infini to the Vendors subject to certain permitting considerations.
A subsequent private placement financing for New Infini in January 2021 raised US$4.0 million by issuing 8 million shares of New Infini at US$0.50 per share to Silvercorp, the Vendors and the management team. The funds will be sufficient to finance an initial drilling campaign of 10,000 m prior to listing New Infini as an independent public company.
The current New Infini share structure after the January 2021 financing has Silvercorp at 21 million shares (43.75%), the Vendors at 18.6 million shares (38.75%), and management team at 8.4 million shares (17.50%) of the total 48 million shares outstanding.
Future Exploration Plans
New Infini has assembled a team in Mexico to apply for drilling permits and to initiate a Phase I 10,000 m drilling program, which is expected to start in Q2 2021, once permits are received.
The technical information contained in this news release has been reviewed and approved by Ruijin Jiang, P. Geo., who is a Qualified Person for the purposes of NI 43-101.
And what is going on with the Egypt permits soon.
Boing X 2
Barrick win,
"Pakistan's Supreme Court endorsed on Friday a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits, it said in an order."
Boing X 2
surfer44,
Thank you.
Another company we own.
Yangtze Gold Ltd is engaged in the acquisition, exploration, and development of silver containing properties.
Acquired by
Silvercorp Metals Logo
Silvercorp Metals
Boing X 2
Any thoughts on what this was about?
https://www.marketscreener.com/quote/stock/SILVERCORP-METALS-INC-1411826/news/Transcript-Silvercorp-Metals-Inc-Special-Call-42481635/
Boing X 2
Correction,
Special CC was for SVM.
Sorry.
Boing X 3
We struck gold,
https://finance.yahoo.com/news/calibre-continues-intersect-high-grade-113000965.html
BTG has ownership in them. Big gold numbers.
I note there was a special CC on DEC. 5th. Can't find out what it was about without signing up to market watch. I wonder if this was what it was about?
Boing X 2
More digging around information.
Found this.
https://investingnews.com/news/gold-investing/volcanic-closes-8.6-million-financing-silvercorp-elects-to-maintain-19.9-pro-rata-interest/
Also they have ownership in OMI.
Boing X 2
Spuds,
I believe the dividend is paid on Dec. 16th. Declared on the 6th.
Here is another stock CMCL at 11.12 a share that is only producing 80k ounces of gold a year.
The analyst need to re-evaluate the price target on BTG producing over 1M ounces a year.
Boing X 2
I just can't believe this,
Orla Mining is producing 100k to 110,000k ounces of gold a year and is at 5.01 a share CD. They pay no dividends.
BTG is producing over 1M ounces a year and is at 3.45 a share. Plus a large cash position. They pay a 4,48 percent dividend.
BTG is so under priced it is nuts.
Boing X 2
surfer44,
You are welcome.
More news rated number 1
https://www.investorsobserver.com/news/stock-update/is-silvercorp-metals-inc-svm-a-winner-in-the-silver-industry
Boing X 2
Found this,
Read to the end for projected gross margins.
https://newsheater.com/2022/11/25/a-lesson-to-learn-b2gold-corp-btg-3/
Boing X 2
New news,
Had to dig this one out.
https://seekingalpha.com/news/3901864-whitehorse-gold-to-launch-up-to-3m-private-placement
SVM expected to participate.
Boing X 2
Better by the day,
https://www.proactiveinvestors.com.au/companies/news/996418/matador-mining-welcomes-a-3-6-million-strategic-investment-by-global-gold-miner-b2gold-996418.html
Finland is rich in gold.
Boing X 2
Whoa,
Franklin Gold and Precious Metals Fund had 9+M shares at the end of July and now have 93+M shares. Yippie, as we are also in that fund.
Boing X 2
Interesting,
BTG has approximately a 37% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
Calibre is involved in South America and BeMetals in Japan. Gets better every day .
Boing X 2
Just amazing,
High-grade intercepts include 70.10 g/t Au over 0.70 m and 11.99 g/t Au over 2.60 m
Multiple broad zones of gold mineralization at the NW and Gap Zones expand the mineralized envelopes
Assay results from 6 Aamurusko holes are pending
Further results from Helmi Discovery (B2Gold JV) expected in the near future
500,000 tons of rock processed over 1M ounces gold. And that is just one vein with many more high grade veins.
Boing X 2
Holy Cow,
Read all the PR'S on https://finance.yahoo.com/news/aurion-b2gold-jv-intersects-gold-120000919.html
No PR's from BTG but this joint venture is finding major grams per ton AU.
Boing X 2
Dividend declared. .04 for shareholders of record Dec. 7th and payable Dec. 16th.
Boing X 2
Might want to reconsider selling after you read this,
https://seekingalpha.com/article/4548482-b2gold-stock-5-1-percent-dividend-yield-57-percent-upside
Boing X 2
Added 4k shares just now. Averaged my cost down. Re-investing dividends.
Andrew McGuire on his am. video indicate he thinks silver will be 27 to 30 and ounce by year end. I think he well might be right.
SVM has high grades in their deposits and should see a big bump if he is right.
Their Mexico operation also has high grades and is ready to produce.
As always do your own DD.
Boing X 2
Interesting in how yahoo is moving comments around on the stock board.
One had to really study the board to see the comments and replies.
Older comments moved to the top.
Now have 10k shares and partial ownership in 215M shares in ETFs.
That is how convinced I am in this co.
INMO this stock is going up. Time will tell. Do your own DD.
Boing X 2
Just added 3.900 more shares. Averaged my cost down.
Told several people on a flight to Denver last week and they all
were going to check it out.
Now reinvesting all dividends and will be adding over a 100 shares a quarter.
Not if, just when this blows up.
Boing X 2
Great source just indicated to me that Russia has moved their blood supply up to the front line.
Of note, market closed Monday. If I were Putin and planned to invade it would be tomorrow to have the least impact on Russian stocks. Just my thinking.
Who knows, just giving my thoughts. Raised more cash yesterday to protect against a sell off.
Just added another 1K shares BTG yesterday. Cheap and reinvesting the dividends.
GDX and GDXJ should move up before long due to short supplies all all metals.
I look at miners as a double safety net. Gold and Silver plus metals that are going to be in more short supply.
Boing X 2
Added another 1K shares today.
I don't care if anyone buys or not. Just saying what I am doing.
Inflation is out of control and not going to get better.
I am re investing dividends to off set depreciation in the dollar.
I don't think we have seen anything yet in what is about to come down the pike.
Boing X 2
Mali updated the BTG permit. Takes that worry away.
Now let us see what Finland and Egypt can produce.
Boing X 2
jsc52033,
Sorry I had not checked in. BTG trades on the AMEX.
Metals are taking off today.
BTG starting to take off.
Had a very good year per PR today.
Boing X 2
Several things.
I am most interested in them having obtained permits in Egypt and their big finds in Finland.
Egypt has had only one mine for centuries. The potential could be enormous. They still might obtain more permits in the bidding in Egypt. Also, I suspect Barrick Gold who also obtained permits in Egypt is watching them closely.
Egypt and Finland might have the biggest potential in my opinion. They are still cranking it out In Mail in the mean time.
Boing X 2
jsc52033.
I said I added the shares. Not NY BOB.
Boing X 2
NYBOB
Just added 1,300 shares today.
They got approval for 12 years on the Mali mine.
Finland has big potential on their few drill holes with many more to go to find out the potential to gold.
They just increased their shares ownership in the JV.
3rd lowest miner cost. A jewel in the making.
What has me excited is their permits in Egypt with only one miner there for centuries. Hope they grab many more permits.
Also, made a big play on adding 5 mutual funds we don't have to pick up another 2.4B shares at the lowest cost. Bought the least amount to get into the funds and average my other shares down from down 23 Percent and greater for less dollars.
Now have exposure to 7Billion shares on miners at rock bottom prices.
Oil is going probable going down on production yet demand likely to increase. That likely means the cost of everything is going to go up.
Time to tell but I think I am right.
Boing X 2
Starting to sound better.
https://www.mining.com/four-agreements-signed-at-first-pre-consultation-for-pan-american-silvers-escobal-mine/
Boing X 2
miggi,
I think it might be in relation to the government unrest. They are still full speed ahead mining and it looks like the government issue might get resolved.
Undervalued big time for a low cost miner IMHO.
Boing x 2
NYBob,
Thank you very much for the welcome.
BTG has a 3.16% dividend. One of the highest for a gold miner. I suspect that will increase down the road.
4 cents payable to holders on May 10th and payable June 10 if I remember right.
What I like is that GDX, GDXJ, FCNTX , OGMYX and FGDAX have a couple hundred million shares or more among those 5 funds.
Their Egypt permit has me stoked along with Barrick Gold. The funds also have heavy numbers of shares of Barrick in them. Egypt could be a block buster for these two with their knowledge. I hope they can grab more permits as they are still putting them up for auction. They didn't accept all those that bid the last time.
I hear now the GOVT. wants to spend 10 Trillion more. If they do, all metals are going off the charts.
Almost every product is upping their prices and or putting less in the packages. Car wash up 10 percent this am. I wanted it clean for Mother's Day and for a nice restaurant our son is sending us to on Sat. Costco paper towels went from 160 sheets per roll down to 140 for the same price this week. That works out to 1 and one third less rolls in the big pack. They have the same numbers of rolls with less paper and at the same price. 8 some & increase.
Luck to us all,
Boing X 2
Correction,
Mining lead and zinc not iron.
Boing X 2
Picked up shares Friday for my individual account. Already had shares in my miners ETF.
SVM showing very high grams per ton count in their China and Mexico mines recently.
Most miners find 1 or 2 to 20 grams per ton.
Their drill results are finding 3,200, 1,300 and 800 Grams per ton.
They are already mining millions of tons of lead and iron in China.
Looks like a lot of potential going forward IMHO.
Boing X 2