Americas Silver Corp fka USAPF

[firecracker070445]

the cash position as of March 31 is going to be vital. Silver settled at an average of $32 in quarter 4 and an average of $30 in quarter 1. My guess is that cash will be down as of March 31. If cash dropped with silver at $30 what will it do with silver at $24? Trying to change management right now isn't going to help. The key is how fast they can reduce expenses. Can you really lay off all those new miners that you just spent a lot of money to train? Perhaps you can cut everyone back to 30 hours a week? Revenues are going to drop another 20% if prices stay this low so all expenses must drop by 20% just to keep even. Don't get mad at new management yet over this until you find out what they are doing about expenses. How fast they react will determine whether the company survives if prices stay low. You will know more soon either from the annual meeting or the 1st quarter report around May 15.