Americas Silver Corp fka USAPF

[retiredyoung99]

No one but a fool can be happy with the recently released year end report. It was a stinker and supplies further evidence (if any was needed), that the Drumlummon purchase was ill-advised at best. At least those undeserved options may well expire worthless.
Small solace to us shareholders however.

It is important to note that this was listed as a "non-cash" expense. Much if not all of it was a write down due to our crack management team discovering that Drumlummon wasn't worth what they paid for it.



What of a positve nature can be gleened from the latest report.

1. I believe that yearly total revenue was never higher;
2. Proven and probablereserves were more than replaced;
3. The Company actually made a profit on its mining. Without Dumlummon, Great Panther recently lost money on its mining operations!
4. Drilling continues on the Caladay and LZ areas with extraordinary results thus far.
5. We are promised a 10-15% increase in the number of ounces mined during 2013 as compared to 2012.

It is important to note that while USGIG has seen a huge decline in its share price--so has been the experience of most other miners. There are plenty of stinkers in the mining area--USGIF has been one of them.

We should soon see the Production Report for the First quarter as well as the Financial Report. That will tell us if USGIG is on the road (finally) to delivering some news that could drive share price. As I have said before, give us $40 silver and #2000 gold and we will see a drastic turnaround in share price. Give us stagnant prices of precious metals or (horrors) a continued downward trend, and so will our share price.