Americas Silver Corp fka USAPF

[maverick one]

I'm a little wary of Scorpio not making a whole lot of cash down there in Mex. What are their plans with Galena and are they going to take the profits down to Mex and plow $ into Mex operations or is someone finally going to manage develop Galena correctly? The selling IMO could be insiders dumping or long time holders saying vaya con dios amigos. I sold off 100% when it was peaking after acquiring under the radar and less than a dime many many years back. I did ok :)

There is some potential upside here...the coming opening of Scorps El Cajon but we really don't know what and how much that will actually produce. Combined with Galena it could be interesting and would double Scorps output.

With silver world market prices declining on several factors...margins are decreasing and I believe this merge is reflecting that. I called it a few weeks ago that this really needed to be sold to someone who can fully develop Galena and we'll find out if they can or not. But this is a forced marriage merger IMO they didn't have much cash on the books and it was going to shutter and close the adits IMO. This deal keeps Galena open and hopefully some real exploration can further the mines life.

I kind of suspected it was being offered up for sale the stock had been slipping for a long time and like I mentioned the cash was dwindling.