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Bobwins

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Bobwins

Re: None

Monday, 07/22/2019 10:19:39 AM

Monday, July 22, 2019 10:19:39 AM

Post# of 35843
Fortuna Silver Mines FSM +.16 to 3.90

Bought some 12/19 Options for $4 on Fortuna. This is an old favorite of mine. Made .01 eps last qtr so profitable, although down from previous year, when Q1 generated .09.

Fortuna profits should rebound with this bounce in silver prices. They are also building a new mine in Argentina. This will be a 100K/yr gold mine scheduled to be declared commercial in early 2020. Guidance for 2019 is around 12 million silver equivalent ounces at 10-12$/ounce.

https://www.fortunasilver.com/investors/news/2019/fortuna-reports-consolidated-financial-results-for-first-quarter-2019/

Fortuna is a good operator with experienced mgmt. I expect them to do well with good silver prices.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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