Re: Silver Standard releases their 2007 Financial Report
in response to
by
posted on
Mar 10, 2008 08:28AM
SSO on the TSX, SSRI on the NASDAQ
One thing I noted in the report - maybe more will be following...
Silver Standard has sold their bullion! (Sometime early this year)
Notice that they sold for more than twice their cost. (39.6M versus cost of 15.8M)
They made over 15M over a few years by doing this.
Also, notice that the price of silver does not seem to have been materially adversely affected by this sale.
I, for one, hope that when Pirquitas becomes operational that Silver Standard will only sell enough silver (and byproducts) to finance what they need financed, and will stockpile the rest.
I know that they will probably not do this, but one hopes.
Also, it would be nice to receive a dividend in silver ounces once they have sufficient profitibility to pay a dividend.