SilverCrest Metals – 2022 Financial Update, Holding Silver To Add Leverage And The Possibility Of An Acquisition
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to provide a Corporate update including the move by the Company to beginning holding silver rather than selling all production immediately.
Chris recaps the Company’s strong balance sheet at year end and how he is looking to add leverage to the stock. The decision to hold metal on the balance sheet also plays into future acquisition strategies as the market has shown how difficult it is to find and build assets while keeping costs under control.
If you have any follow up questions for Chris regarding the 2023 plans at SilverCrest please email us at Fleck@kereport.com and Shad@kereport.com.
I was really surprised on Dec 16 high volume addition to GDX and the stock headed down in an up market the following days. I added sub $6 US, LOVED the interview. I’m 15% still in cash, staying disciplined. It’s been a great last 90 days for me.
Next interview with Chris, of SILV, bring up to possibility of being bought out. That was the farthest thing from my mind at this stage of early production. Could he hazard a guess what might be a reasonable target for consideration of being bought out. SHAD, would you hazard a guess?
Great news about holding the metal for strategical flexibility and monetary safeguards. What is management’s concerns on the political environment of Mexico?
My small contribution for the New Year………………Breakout out chart for January…………..with sound fundamentals….low MC and tight float…………….3 PEA’s on line to be delivered in 2023 !
LBNK.V