Well, here is my “conspiracy theory”. In normal situation US Silver is supposed to report Q2 results sometime around August, 15. During this quarter the silver spot price was close to the last reported cost of production. So, I conclude that earnings are not going to be good. Actually it could be bad. I suspect the timing of the merger and the date of the shareholders meeting was chosen to distract market from earnings results. If the merger is approved than Q2 report can be delayed and replaced by joint USA-RXE report, where USA performance will be lost in tons of combined data. That’s one of the reasons why the management wants it to be approved NOW. I am not sure they are even ready to submit Q2 report in time, they probably consider the merger as a done deal.
