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Re: choad post# 214908

Monday, 03/08/2004 8:30:57 PM

Monday, March 08, 2004 8:30:57 PM

Post# of 704048
Basser , 2nd serving sur.v in the net at $1.03, do you follow svl.v and, if so, what is your opine. Thanks Basser, going after trading positions next.
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Hi choad,
Good grab on the SUR. You sure worked for that one. <G>
I'm expecting them to confirm the C$26 million placement this week. It'll be interesting to see who the buyers are. Look for them to begin drilling by May and for the stock to soar soon after.

Though I don't know SVL.V personally, I'd stay away from Silvercrest if I were you. Do you read the PM's boards at SI? If so, you'll be familiar with loantech, one of the posters there who makes a lot of sense to me and who has been condemning SVL's management for some time over their misinformation (read lying) w/r to the drilling rights at El Ocote.

Tom (loantech) posts at IHub as well and you might want to PM him with your questions about SVL.V. Tell him I suggested you contact him because he owes me a couple........ <VBG>

He can be reached via PM here: http://www.investorshub.com/boards/profile.asp?user=12686

Fwiw, I did find this recent post of his on SI:

Full text of BN Americas article from SH:
McBean--Note that in the headline they use the word "cancel", but in the actual story they use the word "recall". Big difference, in my view. Plus, Spanish is the official language of Honduras, so the whole thing is a translation. Also, I don't see any direct quotes, so there may be some opinion thrown in too.

Paper: Authorities cancel Silvercrest concession - Honduras
Wednesday, November 19, 2003 19:37 (GMT-0400)
Honduran authorities have decided to recall a silver mining concession awarded to a subsidiary of Canadian junior Silvercrest on the grounds that part of the concession area lies within the Guisayote national reserve, local daily El Tiempo reported.

The country's mining promotion agency Defomin made the decision at the request of community groups from Ocotepeque department. A commission of forestry industry, government and municipal groups was created to evaluate the situation.

Last week Silvercrest said Defomin had asked it to postpone drilling its silver projects in the country while it completes talks with local authorities about permitting requirements and procedures. The company is planning 1,500m of core drilling at its El Ocote project in western Honduras and another program at Opoteca in the central-west of the country.

At the time the company said it believed the delay would be short-lived, adding it had started public relations programs in key municipalities to address exploration issues with locals.

In early October, anti-mining protests occurred in Aramecina municipality in Valle department over reports that Defomin had granted 15 exploitation licenses in the area.

BNamericas.com


http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19888245




Dan

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