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Re: None

Thursday, 06/30/2022 2:52:17 PM

Thursday, June 30, 2022 2:52:17 PM

Post# of 5295
It's a good decision to sell the Mexican mines. Every ounce mined was costing them money, and nobody knows what silver is going to do in the future. I thought there would be more demand for silver based on renewable energy, but as of yet, I haven't seen a viable plan put forward.

Further, Mexico has become very unfriendly to miners, and their government has said as much. They also made changes to employment laws, that made it almost impossible for us to achieve any meaningful profit from those mines.

It was obvious they had gotten over their skis, and needed to consolidate their focus on Tucana,

As far as any potential reverse split, as long as they become cash flow positive in the next 6 months, the split shouldn't hurt share price. The fact is, they have too many shares out there and a reverse will likely put shares in more long term hands. Right now, it is being penny poked by every day trader in the market.