SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pianoman1997 who wrote (77848)7/5/2022 9:42:26 AM
From: Logain Ablar  Read Replies (1) of 77891
 
Hi Pianoman1997:

I agree retail (we) are getting the short end of the stick but in this case AXU management has shown they were not up to the task in bringing the mine operational. They've always had an excuse and while I went along with the Covid delays for the past 2 years the latest with not being able to feed the mill just shows an overall management operational issue.

Management indicated they needed to "again" obtain additional funding, which in this environment (higher cost and pricing pressure) means additional share dilution. Look at Argonaut with their additional delays and costs and the financing dilution that just occurred (with onerous loan terms as well) as an example (and I assume similar will happen to Marathon looking at their share price).

I hope (we know hope is not a good investment strategy) this can work out to some extent (I don't expect to fully recover financially) as Helca has proven management and their stock should do fine once silver starts to move higher (difficult if the world economies are in a recession).

Best,
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext