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Gold/Mining/Energy : Silver Bull Resources, Inc.
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From: LoneClone11/22/2024 5:48:25 PM
1 Recommendation

Recommended By
the longhorn

   of 5627
 
Comments I posted elsewhere...

There have been some interesting developments at Silver Bull Resources aka SVB's Sierra Mojada prospect in Coahuilla, Mexico. It has been subject to an illegal blockade for the last five years, and SVB is currently in negotiations with the Mexican government for compensation under NAFTA.

But now comes a PR from a private company incorporated in Wyoming that appears to be a new effort by the blockaders. They have offered to end the blockade and drop their lawsuits if SVB is willing to negotiate a 'merger of equals', whatever that means. To me, this indicates they suspect SVB will win a nice-sized compensation package and walk away, leaving them with a deposit they can't raise the money to develop, and that no one else will touch because the ruckus they have raised.

I expect that SVB will push forward with the NAFTA case and only entertain this initiative if they are very unhappy with the results. There has been a lot of bad blood built up between the two sides which will be difficult to overcome.

LC
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