Let's evaluate....
posted on
Apr 19, 2012 12:08PM
Believe the concensus(me included) was the selling of McFaulds was good move as now focus and assets from sale to La Yesca and potentially more claim purchases.
Since Feb announcement- share price has dropped approx 50% AND the $1.5Mil invested in Sprott Silver fund has reduced by at least 10%(not sure exactly what the unit price of the fund was when purchased but it ranged around $14 to $15 at the time($1,500,000 using a nice round unit price of $15 = 100,000 units - coincidence????).
Doesn't seem like things are working out quite like the optimism laid down by mgmt in Feb. Could be a long summer guys and gals. Hold or sell????