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.
Strategies & Market Trends : Ride the Tiger with CD
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John McCarthy who wrote (70342)12/26/2006 3:53:39 PM
From: rubbersoul  Read Replies (2) of 313000
 
Hi John,

I originally bought SDR for their Santo Domingo property in Mexico. There are lots of old mine workings on their land and the company is hoping to prove up 300 000 million ounces of silver. Even though SDR's drill results so far at Santo Domingo shows some promise (4.5 m of 837 million grams of silver equivalent) they still have a lot of work ahead of them. The main problem at this point is the 115 million shares outstanding (even though Sprott owns about 10%). SDR's market cap is about 21 million and the company will have to prove up some more decent holes if it wants to double from here and justify a +40 million dollar market cap. I was hoping to capitalize on the tax-loss selling and the eventual bounce but now think that the "bounce" may not be as automatic as I hoped. I could be wrong though. Also, Coach didn't seem to like it very much due to their share structure.

So, I ended up selling my SDR for a slight loss and bought ECU
instead.

Hope my bozo logic helps.

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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News