InvestorsHub Logo
Followers 10
Posts 490
Boards Moderated 0
Alias Born 11/17/2017

Re: absinthe69 post# 3493

Saturday, 08/11/2018 3:29:33 PM

Saturday, August 11, 2018 3:29:33 PM

Post# of 5295
I'm afraid if silver continues downward it may well reach that .50 area. If the slide goes much further, they will be closing in on their all in sustaining costs and basically operating at a loss. I'm sure this is why management has put off the decision on the C mine in Peru until next year.

I've been watching it close and it is struggle to stay above one dollar a share. If it breaks that support, it could be ugly for this stock. I was talking to one of my friends and he is staying long and gritting his teeth. In the long run, this is a good company but they can't manage their way out of the low precious metal prices.

PS. you would think with all the chaos around the world and the tariff/trade concerns that gold/silver would be booming. I just don't get it.