Replies to post #1039 on Contrarian Value Ideas

[gfp927z]

Surf, Thanks. With the metals sector, after lagging for some years, the miners are finally catching up to bullion. I have some GDX, SIL, plus a little in IDR, which has both the gold and strategic minerals angle. But bullion has been the place to be for the last decade or so, and it can go right into a safe deposit box, so is convenient. Years ago I followed Jim Rickards' advice of having a 10% gold / metals allocation, and it's grown to the current 27%, so is getting a little out of hand, but no complaints here :o)

Current Allocation -

Stocks -- 15%
Metals -- 27%
Bonds --- 54%
Cash ----- 4%

The bonds are in a 3 year ladder of Treasuries, plus a few CDs. Stocks are 10% in individual stocks (lots of small positions), and 5% in broad index, mostly S+P 500.



---

[gfp927z]

Surf, Looking at Silvercorp (SVM), being a Chinese company could represent a significant risk for US investors. One tactic the US has used in the past is to de-list Chinese companies from US exchanges. While the SVM shares might still be tradeable on the Toronto Exchange, as the US-China struggle for dominance intensifies, Trump might put pressure on Canada to delist Chinese companies there too.

I had some Chinese stocks years ago, but sold them after the delisting shenanigans started. Objectively, we can't put anything past the Trump team. Once delisted, US investors would be stuck with the shares indefinitely.

______________


>>> Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

It is China's largest primary silver producer. The company is publicly traded on the Toronto Stock Exchange in Canada and the NYSE in the U.S.

Silvercorp Metals operates four silver/lead/zinc mines in an area encompassing the SGX, HPG, TLP and LM mines (the Ying Mining District), owned through its 77.5% and 80% Chinese subsidiary companies, respectively.[1]

Silvercorp Metals' other material property, the Gaocheng project in Guangdong Province, owned through a 95% Chinese subsidiary company, began commercial production in 2014.[1][2]

History

The company started out as a minor explorer trading on the TSX venture exchange from November 1991 to October 2005. It was incorporated under the British Columbia Company Act in 1991. At first it was known as Spokane Resources Ltd until 2001 when it was renamed SKN Resources Ltd. In 2005, the same year it graduated from the TSX Venture Exchange to the larger Toronto exchange, it adopted its current name. In 2006, Silvercorp donated RMB1.25 million towards the construction of a youth center in Luoning County, Henan Province, China.[3]

During the month of December in 2009, Shehzad inc. acquired 12% of SIlvercorp Metals over a period of a week. Shehzad inc. manages the equities and investing on behalf of Silvercorp.

Yangtze Mining Ltd. holds a 95% interest in Anhui Yangtze Mining Co. Ltd., the Chinese company holding silver, lead and zinc exploration permits on the Gaocheng project and Shimentou project in the Guangdong Province. In June 2008, Silvercorp Metals acquired Yangtze Gold Ltd.

On April 26, 2024, the company entered into a definitive agreement pursuant to which it agreed to acquire all of the issued and outstanding common shares of Adventus Mining Corporation by way of a plan of arrangement.[4][5] The transaction closed July 31, 2024.

<<<


https://en.wikipedia.org/wiki/Silvercorp_Metals


---