Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money
link : Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money

Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money

In fact I held back in the title, because calling this money merely stupid is an insult to anyone with an IQ of less than 50; This is the dumbest freakin money to have ever entered the Canadian junior mining space and a hundred spivs and racketeers up there are currently rubbing their hands together, now that the GUY/SVM has let the cat out the bag. Just take a moment to think on the quantity of shit mining assets in Canadian hands. Now consider there's a dumbass new player in town willing to pay 5X asset value for just about anything on the list. Vancouver, get the partay started. So anyway, we got confirmation today that the IKN intel was good and SVM bought GUY.to site unseen (we told you 5 days ago), but by far the best quote in the piece was this:

""There were some leaps of faith that would usually be mollified by normal course due diligence," said Pat Burke, president of Canadian capital markets at Canaccord Genuity, which advised Silvercorp on the transaction."

I spat my coffee out. Canaccord Pres cap mkts asking and receiving a "leap of faith" from a buyer, you cannot make this up. For the implications, read paragraph one again. Or as a fund manager friend said about the deal...

"This deal is like a minefield but with big red flags poking out of the dirt everywhere, maybe even a UN blue helmeted guard waving a sign that says "MINEFIELD, MOVE ALONG!" But the Chinese tourist investors, let's call them tourovestors, WANT to see it."

Indeed this is true, as SVM is going to want to sue Canaccord by the time they've worked out the Aurora resource was a total fabrication and the only way to turn a profit on the mine is to run the best grades at 1,500tpd, or 20% nameplate capacity. The Chinese have been royally ripped off in this deal and the amusement is the long fuse, they won't even realize it until that site visit. Idiots.

Thus Article Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money

That's an article Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Silvercorp (SVM), Guyana Goldfields (GUY.to) and dumb Chinese money with the link address https://todaysand.blogspot.com/2020/05/silvercorp-svm-guyana-goldfields-guyto.html

Tweet

Subscribe to receive free email updates: