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Message: silvercorp revisited

silvercorp revisited

posted on Aug 03, 2008 09:20AM

despite silvercorp's profitability, its stock has declined as though it were an exploration company. david morgan and frank holmes and doug casey have all met with rui feng and greg hall, who reassured them that all is well with the company. they are buying back stock, and the company is on track.

speculation is that the decline could be due to someone with a large holding who wants out, and perhaps this investor has some information the rest of us don't know yet. the only potential problem i can think of is the geopolitical risk of doing business in mainland china. there is some concern that the chinese government is only behaving itself until the beijing olympics (starting august 8) are over.

so in a few weeks the uncertainty will be over. or the government will revert to its totalitarian ways, crushing business and industry, and svm shares will plummet to zero. as the chinese proverb goes, may you live in interesting times!

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