As far as the Silvercrest- Coeur deal, and the fact that Coeur has made money but 7 of its last 70 quarters, got a $122 million cash windfall to its balance sheet and saved Mitch Krebs sorry ass for his abysmal performance in management this side of the Millenium, Silvercrest owners will never know unless another suitor comes along. It’s been a 34 bagger, and a 6 figure Roth IRA gain for me. Right up there with Western Silver and Minefinders, and to a lesser extent Silver Standard thanks to David Morgan Silver Investor newsletter in 2000-2001

Hi Shad, I do believe that there will be a counteroffer for Silvercrest, I thought that immediately when I read the lowball offer, 18% is a joke. Companies are like people they always want the other company to start the trend before they jump in. (by the way I have read your substack article that you put out on this deal this morning)

I didn’t know that Silvercrest was stacking physical metal that may have helped to lead to their downfall. Having physical sitting in a storeroom trying to influence the price of silver is something you don’t want to tell your neighbors.

In the mining business it is eat or be eaten especially when you are such a sumptuous morsel. I feel that way about Sibanye Stillwater, they have a huge supply of precious metal, and they can’t takeout PGE when it is such a perfect fit and a steal for them. They have let Glencore get close to their doorway, LOOK OUT! DT