Ivr - investigator res ltd

Gone vertical today up 144% at 22c ......big announce on ASX, of silver in SA , Australia. Very high intercepts.

Where to now , dont hold . DYOR

Now 38c.....this was one that got away from me.

Bought some last month for 1.7 cents. Now around 3 cents. 42 million oz of silver at Paris. Also a JV with an established miner to explore a prospective area they have. Not sure how long I will hold, seems more upside than down currently. Some risk of a CR/dilution. Silver out look positive. I am nervous about the markets. In the last major market rout in 2008 silver collapsed and interest in spec stocks dried up. May be different now.

Yes specie silver shares who remembers CCU MMN days when silver was much higher huge Market caps but paper thin profit margins .. great for a trade
HRZ another with a nice Silver project with more likely chance that it will ever make a profit as its high grade and in a great KAL location ....ARD,SVL,IVR all on their deathbeds only year or so ago ... but get a up trending AUD Silver price and market now Goes Gaga >>

IVR had a cash raise, 90 million shares at 2.4 cents with a 1 for 3 option exercisable at 3.5 December 2020. Sounds very generous to me, think they should have waited another month. Am seriously thinking of selling now.

They have offered the same deal to existing shareholders now which has cheered me up a bit, shares for 2.4 and options exercisable at 3.5 in December 2020. Will apply for some. I think they should have offered the shares to existing shareholders first and then to sophisticated investors for the short fall. Would have been good public relations. Current market price around 2.6, 2.7.

Some one has pointed out on HC that with over 3000 shareholders and half a million dollars of new shares offered there won't be many shares each. And the market price is down to 2.2 cents. But I got some more shares on market for 2.3 today.
Thinking about it the silver they have is mainly pie in the sky, but if the silver price improves strongly over the next 6 months as quite a few commentators predict it must be positive for the share price. Then next year the drilling by OZL at Maslins might be a catalyst. Bought for a trade but buying more and the time line is looking longer.

My investment not looking to sharp at the moment. Price down to .021,.022. Will keep holding for a month or 2. It seems a reasonable investment the realities might well be negative. Investing in the markets seems to me to be a test of mental fitness and adaptability. Not attributes that I am naturally endowed in.

Still holding. Accumulating a few more, my average must be around 1.9 cents. Share values around 1.8 to 2 cents currently for around $17m market cap. I see 3 possible catalysts for the share price in the next 12 months.
With 42m oz of silver at the best grade in Australia in a shallow deposit it will appreciate if silver rises. Recovery rates are a bit of a problem, presumably they can refine the recovery process. They say silver needs to be north of $20 US before mining becomes viable. Silver has risen over the last year and potentially could go higher. Seems stuck on around US $17.50 to $18 oz at the moment.
They have a joint venture with OZ minerals to explore for CU, Au, Ag and possibly Uranium at Maslins which has favourable magnetic and gravity anomalies and is in a corridor of similar geology with the likes of Prominent Hill, Olympic Dam, Oak Dam and Carrapeteena. It is 50km south of Carrapeteena. The first stage is early next year, 3000 metres of drilling, possibly only 3 holes. Share holders are talking up the prospects and with results possibly in March next year speculative interest is growing. Personally the deal made doesn't inspire confidence. Oz are only committing $1.4m to the first stage, $2.6m to the second, and $6m in the 3rd stage. At any time they can pull out. This will potentially earn them 70% of the project. The talk is potentially Maslins is bigger than the Carrapeteena resource which sold for around $300,000,000 in 2011. Presumably The OZ directors their geologists and consultants and similarly the IVR team are fairly knowledgeable about the potential of Maslins and what the magnetic and gravity data indicates is the potential. The deal made suggests they consider the chance of striking an exceptional resource is rather low. But you never know.
The final potential positive influence is the directors are actively seeking a project they can add value to. Presumably they have time on their hands with the silver at Paris and Maslins not requiring a lot of input currently. They have assessed 80 or more projects already but nothing has been announce. The problem I see with this is they have limited funds to contribute and at present share values issuing more shares is excessive dilution. Possibly if there are positive developments in the next 12 months and the December 2020 options are in the money at 3.5 cents things will be more appealing.
So probably the shares are fully valued at the moment and the potential is quite speculative.

Shares selling today for 1.6 cents. Market cap of $13.5m. I have a paper loss around 15%. Silver prices have stopped going up. About $25 Australian currently and need to be north of $30 Aud to make Paris viable. Would need to do more than peak at that price. Maslins drilling to start 20th January 2020. Recent drilling at Punt hill in the neighbouring tenement to the north of Maslins last Autumn, also by OZL in a joint venture, didn't produce anything exciting. Drilling in a tenement to the east of Maslins at Burra to start with in the next few weeks.
I am imagining if silver booms and or Maslins strikes some impressive mineralisation I could make in excess of 500% on my investment. But the downside if silver drifts and the drill is inconclusive is I could lose in excess of 80% of my capital. A gamble. Will hold my course for now.

Shares firmed a bit, back to 1.8, 1.9 cents. Amg about to start drilling at Mullaby project, Burra. There shares havent firmed much if any with the impending exploration. Apparently the geology they are targeting extends into IVR's tenements. So some potential for Investigator to benefit if they find something. Citic have been selling down their shareholding in ivr the last few months from holding 14% end of August. Can't have to many left. They need funds for an iron ore project in West Australia or something.
So things are ticking along. Silver back above $17 US today. Waiting for Maslins. A bit dull.

only 30 + hours to get your 2020 picks in .... about ONE DAY

Sorry don't have picks for the competition. Focus is on IVR though am ambivalent on its prospects. If they havent started drilling at Maslins it should be any day now. They are counting there chickens already on HC, OZL are going to take over, share swap.... It will need to be a good deposit to make mining worth while, 600 metres before mineralisation is lightly to start. It will take at least one or two years of drilling to confirm the size of the resource and economics of mining. Then at least another 7 or 8 years for approvals and construction. I vaguely recall Prominent Hill has 10 years of life left, so it seems to me they could relocate a lot of the gear if Maslins is a goer. But I can't see IVR would be a compelling target even if the drills show some promising mineralisation. OZL will earn 70% of the resource from Joint venturing the drill program up to $10m. All just conjecture at this stage. Silver looks to have plateaued for the time being. I could sell up now and make around 10 to 20% since holding from July/sept. (selling up to .023 lately) but I will sit it out, review my holding in April. Read somewhere not long ago that investing should be like watching paint dry, if you want excitment take your money to a casino. Another quote that is apt is a long term holding is a short term one that didn't work out.

The corona virus has me rattled. Put my IVR holding on the market this morning at 0.024. But sales only made it to 0.023 so still holding. Will think things over, over the weekend. Actually am a bit fearful. In a month I may be out of work and have my capital decimated. Not a lot I can do. I won't be the only one facing this prospect. Could possibly get some word of the visuals on the first drill hole next week, must be into the target 600 metres plus at Maslins. The price of silver holding around or just under $18 US. Possibly the economic uncertainty will give precious metals a boost. But silver being an industrial metal and China being an important consumer it could cause a slump in silver prices. My opinion is corona is going to take an economic toll on the Australian sharemarket. Am not sure how badly IVR will be hit, will depend on how the drilling goes, how the silver market goes and how the market and economy goes. Might have to sit it out.

I don't fear getting the virus myself one day. The fatality rate is low and those that succumb often have underlying health problems. I suppose it could mutate but risk looks remote from here. Not so confident about IVR's health prospects. Could still do OK but I can't see how any one can be sure of any out come.

Had my shares for sale at 0.024 at the end of last week. Still there monday night so thought things are holding up well i might as well hold so tried to cancel sell order, but the cancel wouldn't work (ASB). Sent an email off to brokers. Tuesday night they had sold. Not to worried, all things considered probably best its sold, even if they take off with some discovery. Will consider buying back in at some stage. I have done OK.

Shares are down to 1.8 cents. Presumably because of general market weakness corona virus etc... IVR made an announcement to market a week or so ago about drilling progress. First hole got to 850 metres and then a problem occurred and they couldnt retrieve the core any more. They backed up to something like 550m and started another hole on a slightly different line from the first. This should be down to the target of 1000m by now unless there have been more problems. They said the cores had come out good in the original hole but not explaining the anomalies they are targeting. This disheartened some share holders. So awaiting progress on drilling report.
Put in an order for 500,000 at 1.7 cents Wednesday night but not sure it will get filled any time soon.

Order got filled. Probably the outlook is for further softening next week. Might buy a few more.

Finally got the drilling update and it wasn't positive. Went down to almost 1200 metres. The cores not showing mineralisation and not explaining the anomalies they were targeting. Starting hole 2, 800 metres from the first drill. Not sure if this writes off maslins or not. Shares heading lower, 1.4/1.5 cents. At 1.5 has a market cap of 12.7m, had 4million cash in December.

Thinking about it some more. My reading of the announcement is their research indicated a potential mineral deposit at 600 to 800 metres. In drilling the first hole they found nothing up to 1200 metres. They still think there is something there but it is beyond 1200metres. Presumably they stopped drilling because of the cost and the likekly hood mining at that depth is uneconomic if they did find something. I am no geologist but I imagine the different types of rock are in layers, it seems to me drilling 800 metres away the likekly hood is for more of the same. There are some good geologists on HC but they havent posted yet. I am thinking a few people who were holding for the potential at Maslins will now sell, cut their loses. I think that the shares could now drop below a cent in this market. Paris is not going to be producing in the forseable future. The company can survive but only silver bugs are going to see the positives. Probably I should sell at these levels and buy in lower but I think I will wait to see a clearer picture.

I think I will hold and try and buy some more for .013. It took 13 holes to find Olympic Dam and 3 to find Oak Dam. Silver is around $26 Aus an ounce, near 5 year highs. No doubt the price will drift lower under the market circumstances.

Silver being treated as more of an industry metal by the paper market than safe haven at present not helping it's case to get anywhere close to the true ratio of Silver:Gold in the earths crust est. around 16:1 makes the current 97:1 a joke ... personal have nil investments on the ASX with Silver prospects why would I with AUD Gold at record highs and Margins FAT with energy costs down low (unlike the last GOLD Bull market when OIL was also very high in price)

I certainly wouldn't say IVR is a SELL at these levels but IMHO not a BUY as better micro-cap plays on the market

I have been buying more over the last week. 200,000 at 1.3 cents. I am not confident it is a good idea at all. Yes it seems to have decoupled from gold. One speculative thing IVR has is Maslins. Possibly they will strike gold copper and other valuable minerals in the not to distant future.
One thing that worries me about gold is in the last great depression they made it illegal to own privately. I am worried in a severe economic crisis controls would be introduced to discourage capital flowing out of the productive sector. I am probably being silly here.
Yes other micro caps in the gold sector could very likely do better than IVR. I am guessing there might be some take over activity, the miners must be getting good cash flows and buying ounces in the ground is probably easier than finding it. Or with the tech they have now for finding the most prospective targets they can narrow down the tennements that are the most desirable.

[QUOTE=zero;797634]I have been buying more over the last week. 200,000 at 1.3 cents. I am not confident it is a good idea at all. Yes it seems to have decoupled from gold. One speculative thing IVR has is Maslins. Possibly they will strike gold copper and other valuable minerals in the not to distant future.
One thing that worries me about gold is in the last great depression they made it illegal to own privately. I am worried in a severe economic crisis controls would be introduced to discourage capital flowing out of the productive sector. I am probably being silly here.
Yes other micro caps in the gold sector could very likely do better than IVR. I am guessing there might be some take over activity, the miners must be getting good cash flows and buying ounces in the ground is probably easier than finding it. Or with the tech they have now for finding the most prospective targets they can narrow down the tennements that are the most desirable.


from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind...

I could only see these being reintroduced if the US dollar was once again backed by GOLD ...

Some one once said words to the effect, gold they go to a lot of trouble and expense to dig it out of the ground only to go to a lot of trouble and expense in burying it again in a vault or something.
Gold competes with the fiat economy, its not social. That said it is well beyond my expertise to have any idea of such matters/economics.

Interestingly they backed the currency with gold but made it impossible to redeem it for bullion (the US as per JB's post).

So I am not doing so well now. Silver at $14.70 US/ounce. Every thing is down, shares gold, silver, crypto. Probably a few weeks wait for an update on Maslins drilling progress. Friday IVR shares dipped to 1 cents. The close was 1.2 cents and looked a bit artificial as if some one manipulated it up at the close. Must put me at a 10 to 20% paper loss counting the trade I did end of Feburary. Thats probably OK relative to a lot of others. And with everything looking grim is cash in some bank or institution going to be fully available in the future? Its all conjecture and imaginings at this time.

After the GFC 2008 probably the best performing shares were those that had been marked down the most after the market collapsed, the speccies.
Which way from here? may be some support at these levels or a drift lower? I imagine the helicopter money might be an option. Would they ever suspend the markets till things settle down?

I think for sure we will see being able to Short companies and the market cancelled for a few weeks and maybe even a Banking holiday + Market holiday etc ...I see Bullion dealers selling record amounts of Silver+Gold of late ... but as we know the paper market controls the price not the real demands ..well not yet

After more market research I see IVR as a must buy(and have made my first purchase) as I really believe Silver is about to slingshot higher as many silver miners close because of COVID19 but demand for Silver bullion is breaking new highs ... and IMHO IVR has the best Silver project on the ASX

SILVER PHYSL SHORTAGES >> Keith Neumeyer, CEO of First Majestic Silver
https://www.youtube.com/watch?v=g5sTmdYLlDM

If this plays out the way I think it will and we see silver move back towards 30:1 ratio to GOLD(like it reached 2011) we will see AUD Silver go past $80oz and thats if GOLD doesn't move higher which IMHO it will so AUD $100oz is my Target in the next 2yrs (but could be much sooner)

IVR has a great Silver Project>>

Total Mineral Resource estimated at 9.3Mt @ 139g/t silver and 0.6% lead; for 42Moz contained silver and 55kt contained lead (based on 50g/t silver cut-off grade). The Indicated component is 4.3Mt @ 163g/t silver and 0.6% lead; for 23Moz contained silver and 26kt contained lead. The high grade and additional ounces confirm Paris as possibly the best undeveloped silver deposit in Australia.

Seller pressure over not long till the Buyers drive higher on the right ann's and PM price movementAttachment 11158

Maslins second hole a duster. Share price heading south fast.

Will wait a day or two but considering selling up. Not sure if Maslins has the potential after 2 drill holes come up empty. Also the time factor if another drill program has to be planned.
Dont think Paris has enough potential on its own. Seems to be a disconnect of silver with gold. The economics of mining Paris compared with the goldies available is unfavourable. Firstly the recoveries, under 80% for silver (at Paris) I understand while most gold mines are well over 90%. Probably they can improve the recoveries but might add to the cost. Then there is the scale. Say Paris is 50m oz at a gold to silver ratio of 100 thats only equivalent to 500,000 oz gold. Even at 50 it is equivalint to 1m oz, plenty of gold discoveries 1m plus out there. There might be 140 grams silver per ton at Paris open cast with no strip/overburden. But plenty of open cast gold projects with well over 1 gram a ton yield and 100 times the value per gram. They have a lot to do and much time before they make meaningful progress in mining at Paris. Lots of horror stories abbout getting mines into production, disappointing performance, cost over runs commissioning mills.
Lots of under valued stocks out there now with arguably better prospects I am thinking. Cut my loss and move on.

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Originally Posted by zero

Will wait a day or two but considering selling up. Not sure if Marlins has the potential after 2 drill holes come up empty. Also the time factor if another drill program has to be planned.
Dont think Paris has enough potential on its own. Seems to be a disconnect of silver with gold. The economics of mining Paris compared with the goldies available is unfavourable. Firstly the recoveries, under 80% for silver (at Paris) I understand while most gold mines are well over 90%. Probably they can improve the recoveries but might add to the cost. Then there is the scale. Say Paris is 50m oz at a gold to silver ratio of 100 thats only equivalent to 500,000 oz gold. Even at 50 it is equivalint to 1m oz, plenty of gold discoveries 1m plus out there. There might be 140 grams silver per ton at Paris open cast with no strip/overburden. But plenty of open cast gold projects with well over 1 gram a ton yield and 100 times the value per gram. They have a lot to do and much time before they make meaningful progress in mining at Paris. Lots of horror stories abbout getting mines into production, disappointing performance, cost over runs commissioning mills.
Lots of under valued stocks out there now with arguably better prospects I am thinking. Cut my loss and move on.

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Well it all depends on the silver price .. and IMHO higher chance than not we will see history repeat aka 2008-2009+ where we seen Silver sold short heavily to then shoot upwards 500% over the next year or so.. prob be even more this time as Financial its much worse.. so the flight to safety currently dominated by GOLD -USD will flow into Silver as we are seeing the start with lack of silver bullion and high prems..

As we seen from the sell down IVR is really based around Paris Silver 42Moz JORC ..so the market really didn't see Maslins as the main game esp on this latest results ... Mktcap of 10mill really on par with many micro-cap explorers ..

Now last Silver Bull market I did very well getting in early with AYN,ARD,CCU and walked away with some good profits prior to production the numbers didn't stack up..
so I sold.. I think the same will happen here Silver will finally breakout 2H20-21 and catch-up with Gold on the back of "QE infinity" Negative rates..

IVR Paris project does have great potential(Is the reason why I purchased @ 1.3c)

Older extension drilling discovered high grades of Silver + lead that hasn't been followed up Mgmt does believe the Paris region could well host 70Moz of High grade Silver.

Yes recoveries aren't as high as Gold esp. at surface with the oxide which is only 5% of resources anyway ..deeper where 95% of Silver resources are located the last test results averaged 74% .... now that just using the base leach/flotation methods at the time --as IVR stated at the timeThe Company is considering further testwork using CELP (CANMET Enhanced Leaching Process) technology.... which has seen recoveries as high as 90%-99% from 70%-75% but as Silver price tanked its just not be worth the capital investment..

""However, the silver leaching rate was much faster with the CELP. The slurries containing the mixtures of minerals showed improvements of 21% Ag (from 75% to 96%) and 37% Ag (from 56% to 93%) with the CELP. Leaching of a high grade gold/silver ore with the CELP resulted in higher silver and gold extractions while using a lower cyanide concentration.""

Had my shares on market at 1.4 cents. Lots of shares been selling at 1.2, 6 million yesterday. Looking at the depth today I might get sold. Gold silver and the Dow well up this morning. Could be my shares are cheap but happy to leave something for the buyer. Assume someone with a lot of shares (sophisticated investor from the recent placement?) has been selling out after the dissapointment at Maslins.
JB, can't find much on how popular the Celp process is, understand it was developed more than 10 years ago. But am guessing there are technological developments that can reduce processing costs and improve yields. Wasn't one of CCU's problems low yield? I would have thought it would be a priority for management to demonstrate it can extract the mineral from its ore. Talk isn't enough, same with the 70m oz resource. Long term investors need the facts to base decisions on.
If I can sell my IVR might sit it out for a while. Been studying the gold explorers and near producers but it doesn't feel right to me. Interesting times.

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Originally Posted by zero

Had my shares on market at 1.4 cents. Lots of shares been selling at 1.2, 6 million yesterday. Looking at the depth today I might get sold. Gold silver and the Dow well up this morning. Could be my shares are cheap but happy to leave something for the buyer. Assume someone with a lot of shares (sophisticated investor from the recent placement?) has been selling out after the disappointment at Maslins.
JB, can't find much on how popular the Celp process is, understand it was developed more than 10 years ago. But am guessing there are technological developments that can reduce processing costs and improve yields. Wasn't one of CCU's problems low yield? I would have thought it would be a priority for management to demonstrate it can extract the mineral from its ore. Talk isn't enough, same with the 70m oz resource. Long term investors need the facts to base decisions on.
If I can sell my IVR might sit it out for a while. Been studying the gold explorers and near producers but it doesn't feel right to me. Interesting times.

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No good think you're learn in time selling at this point was the completely wrong action to take.... Silver is waking from a long Bear market ... Gold Bull has been well underway for some time .... Silver will slingshot later this year ... AUD SILVER just under $25oz ... just wait till its $50oz AUD later this year to early 2021

IVR will work like a leveraged proxy to the Silver price .... even if IVR only just keep the go slow and don't produce a single oz their SP will rocket higher...

Do what you will ... no regrets

Still got my IVR, had them on the market before Easter but they never got hit at 1.4 cents. Taken them off. Rarely makes over 1.3 since. Seems to be an inexaustable supply being fed in. Plenty of demand at 1.3, 1.2, and 1.1.
Quarterly out. Still got $3m cash at end of March. Directors and staff 20% wage cut. Cutting expenditure. Oz have spent enough to satisfy there first stage of earn in at Maslins. Will be researching the next move. IVR reviewing details of Paris silver project. Picked up a tenement in western Tasmania.
Well, will probably hold now for a while. All the bullion sites have articles lauding silvers prospects. But IVR have performed miserably when plenty of other resource stocks have performed/ recovered, well over the last month.

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Originally Posted by zero

Still got my IVR, had them on the market before Easter but they never got hit at 1.4 cents. Taken them off. Rarely makes over 1.3 since. Seems to be an inexaustable supply being fed in. Plenty of demand at 1.3, 1.2, and 1.1.
Quarterly out. Still got $3m cash at end of March. Directors and staff 20% wage cut. Cutting expenditure. Oz have spent enough to satisfy there first stage of earn in at Maslins. Will be researching the next move. IVR reviewing details of Paris silver project. Picked up a tenement in western Tasmania.
Well, will probably hold now for a while. All the bullion sites have articles lauding silvers prospects. But IVR have performed miserably when plenty of other resource stocks have performed/ recovered, well over the last month.

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Checkout SVL has done the same ... silver stocks ... need silver to catch-up to Gold which will happen then the money will flood into the very few silver plays on the ASX same as last time

Good run like I knew would happen on Silver price breaking out AUD $26.46oz still not amazing but trading looking for direct Silver plays on the ASX IVR meets that need...

so decide the easy ST profit was to good to pass sold my lot 19c taking $5500+ profit (as IVR won't be producing anytime soon)

And it just hit 40% up for the day LOL

Silver seems to be on the way up again. US$17.50 or so this morning. Last week I had a couple of 100,000 IVR on the market at .019 which never got sold. Am now starting to think about buying more instead. Its funny on youtube lots of experts with clips advising this rally is a trap, none of them suggesting buying stocks is a good idea. Similarly lots of clips by experts saying silver is the way to go, Rick Rule, Jim Rogers, Keith Nuemeyer, etc... Generally I am not the type of person to listen to these sorts of advice, but nor do I follow the crowd. I am perplexed about where to invest at the moment. Last week I bought a biotech and a battery metals resource stock, but chickened out for a small profit.

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Originally Posted by zero

Silver seems to be on the way up again. US$17.50 or so this morning. Last week I had a couple of 100,000 IVR on the market at .019 which never got sold. Am now starting to think about buying more instead. Its funny on youtube lots of experts with clips advising this rally is a trap, none of them suggesting buying stocks is a good idea. Similarly lots of clips by experts saying silver is the way to go, Rick Rule, Jim Rogers, Keith Nuemeyer, etc... Generally I am not the type of person to listen to these sorts of advice, but nor do I follow the crowd. I am perplexed about where to invest at the moment. Last week I bought a biotech and a battery metals resource stock, but chickened out for a small profit.

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Timing is everything >> I see IVR back down at 1.6c ...not interested at this stage ..but see how IVR does going forward with their projects ... I agree make your own decisions nothing worse that making a trade on someone else's ideas on any investment ...I like to take many options (not just bullish) then make my own mind up ...much less mistakes

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Originally Posted by JBmurc

Timing is everything >> I see IVR back down at 1.6c ...not interested at this stage ..but see how IVR does going forward with their projects ... I agree make your own decisions nothing worse that making a trade on someone else's ideas on any investment ...I like to take many options (not just bullish) then make my own mind up ...much less mistakes

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The only thing cooking with IVR is the resource at Paris. I am guessing they might come up with some update enhancing the potential. It really is dependent on the silver price which is looking positive. We should hear about Maslins sometime over the winter. I am guessing OZ will do some more drilling, 2 bores doesn't seem adequate to test the target every one raved about as being the most prospective in the area. They must still have over $3m cash, enough to last a year or more with the work load they have, one wonders what they do all day, the directors. Plenty of options due at the end of this year, they are 3.5 cents from memory, with luck they might be in the money if silver can break through the resistence in the low 20's. The only worry I have is they were making noises a while ago about finding another project, I assume they have put this on hold as they don't have the cash and the shares are low and issuing more will cause excessive dilution. But if the shares rise they may be tempted to do something which I am worried won't be in the best interests of the share value in the medium turn. I am watching but might try and sell a few at 2.4 if it gets there. Seems some resistence around there, then buy back more if it falls back again. But it all depends on the silver price.

Sold 200,000 a few weeks ago at 1.8, though i was overbalanced. Bought MYL with proceeds, it has good exposure to silver, probably be a top 10 in world silver producing mine when developed. Market doesn't like MYL though, sovereign risk?
Put the rest of my IVR, 500,000 on market at 2.5 yesterday but no bites. Am selling all my shares and having a break from market. This morning I read an article on silver at HC saying it is going to take off soon because JP Morgan and others will have to stop shorting as people are taking delivery on the Comex. If they continue to short they will lose all their silver. Gold and silver shorts have been losing big time lately. Am thinking of buying more IVR tomorrow, it closed at 2.2 friday.
Should hear this week about what OZ will do with Maslins, presume they will proceed to next stage of drill campaign, be surprised if they are quiting after 2 drill holes.
Silver price over $26 Australian.

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Originally Posted by zero

Sold 200,000 a few weeks ago at 1.8, though i was overbalanced. Bought MYL with proceeds, it has good exposure to silver, probably be a top 10 in world silver producing mine when developed. Market doesn't like MYL though, sovereign risk?
Put the rest of my IVR, 500,000 on market at 2.5 yesterday but no bites. Am selling all my shares and having a break from market. This morning I read an article on silver at HC saying it is going to take off soon because JP Morgan and others will have to stop shorting as people are taking delivery on the Comex. If they continue to short they will lose all their silver. Gold and silver shorts have been losing big time lately. Am thinking of buying more IVR tomorrow, it closed at 2.2 friday.
Should hear this week about what OZ will do with Maslins, presume they will proceed to next stage of drill campaign, be surprised if they are quiting after 2 drill holes.
Silver price over $26 Australian.

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So you’re not selling and taking a break you are in fact buying more ?

Correct, or at least considering buying more. Postponing the break.

I think regular breaks from the sharemarket is a good idea for me, 6 weeks, or longer. I am also nervous about the market holding up in the near term. I consider myself an investor but lately I have been holding for only weeks before trading out of the stocks i have bought because I am skeptical the market can stay positive. However I would like to make money and silver does look promising and possibly the precious metals will avoid a sharemarket down turn. Silver followed the market down in 2008 and last March but where will money go to if the sharemarket tanks again? For the life of me I can't see crypto as a safe haven. Term deposits, bonds? I think precious metals will be seen as a safe haven for capital. And companies like IVR will appreciate with higher silver price, leverage.
Thats my thinking, could easily be wrong, could be another learning experience. No matter how much experience I never seem to attain the status of learnt.

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Originally Posted by zero

I think regular breaks from the sharemarket is a good idea for me, 6 weeks, or longer. I am also nervous about the market holding up in the near term. I consider myself an investor but lately I have been holding for only weeks before trading out of the stocks i have bought because I am skeptical the market can stay positive. However I would like to make money and silver does look promising and possibly the precious metals will avoid a sharemarket down turn. Silver followed the market down in 2008 and last March but where will money go to if the sharemarket tanks again? For the life of me I can't see crypto as a safe haven. Term deposits, bonds? I think precious metals will be seen as a safe haven for capital. And companies like IVR will appreciate with higher silver price, leverage.
Thats my thinking, could easily be wrong, could be another learning experience. No matter how much experience I never seem to attain the status of learnt.

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If you're worried about the market might be time to add some market short positions ....I like the look of BBUS (short S&P500) and hold 14,500 ... others BEAR,BBOZ the ASX short ETFs .... good for a swing trade ...

I see IVR over 2c ... glad I moved the funds into OBM sub 10c

I am aware of BBUS, I read the thread on HC. Doesn't really appeal to me for some reason. I think some financial instruments are to complex for me. Well done on OBM, most of the gold stocks, may be all of them, have way out performed IVR.
Possibly silver will have its day. It sounds credible to me that the shorts will have to cover and reduce their positions soon. Possibly JP Morgan have a trick up their sleeves though. The gold silver ratio is extreme. Silver will benefit from electrification demand longer term. Mine grades are decreasing. IVR's silver while being a smallish resource has a good grade and is an opencast low strip mine with a little lead. Arguably it is the best silver play on the ASX. Maslins exploration can't be written off yet in my opinion.
I am thinking of buying another 500,000 at 2.2 if thats possible.

Have 500000 bought for 1.7 cents , 500000 bought 2.4 and 1000000 bought for 3.4 (IVR stock). Next 3 months could be interesting. The comex has a big influence on silver prices. I don't really understand the detail but assume the shorters flood the market with paper silver contracts to suppress the longs. Lately the longs have been taking delivery of physical silver. The shorters risk losing their stock piles. Apparently they must have physical silver to be entitled to short. Possibly the tide is turning now. The silver price could grow strongly. Its not a particularly big market, it can be squeezed.
With rising silver prices explorers like IVR with resources can bloom.

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Originally Posted by zero

Have 500000 bought for 1.7 cents , 500000 bought 2.4 and 1000000 bought for 3.4 (IVR stock). Next 3 months could be interesting. The comex has a big influence on silver prices. I don't really understand the detail but assume the shorters flood the market with paper silver contracts to suppress the longs. Lately the longs have been taking delivery of physical silver. The shorters risk losing their stock piles. Apparently they must have physical silver to be entitled to short. Possibly the tide is turning now. The silver price could grow strongly. Its not a particularly big market, it can be squeezed.
With rising silver prices explorers like IVR with resources can bloom.

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Yes Silver finally making a break and IVR off to the races >> purchased a few MKR today looks like its perfectly ...850ktpa Processing Plant + all permits etc -52MOz Silver 30koz Gold reserves ....planning to be producing Silver this Nov onwards 500,000t of 70g/t Silver ore on the ROM pad really to bring in 2moz of Silver over the following year..does have some debt but should be paid of from Gold production ...just raised 7mill market-cap ... looking like the next Aus Silver producer

MKR looks pretty good for a market cap of $18 million. First I have heard of it, just listed I see. I also have MYL which yesterday showed some life finally up about 10%. MYL has excellent silver and lead/zinc geology, scale etc... but being in Myanmar a concern for sovereign risk. MYL have 51% of the project, two large Myanmar companies have half the balance each. Talking about EPS of 4 cents, current price near 7 cents.

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Originally Posted by zero

MKR looks pretty good for a market cap of $18 million. First I have heard of it, just listed I see. I also have MYL which yesterday showed some life finally up about 10%. MYL has excellent silver and lead/zinc geology, scale etc... but being in Myanmar a concern for sovereign risk. MYL have 51% of the project, two large Myanmar companies have half the balance each. Talking about EPS of 4 cents, current price near 7 cents.

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Not all shares listed(mgmt. hold the vast bulk) MKR total cap around 60mill + 23mill debt .... but gold production to 1Q21 should pay off debt in full easy 100mill worth of plant etc

Haven't been reading forums or looking at share or commodity prices over August and September. Tried to sell half my IVR for 5 cents this week but no takers. Overweight in IVR. Will leave it for now. Have differculty imagining scenarios where bullion will decline and stay down. Concerned about the South China sea/Taiwan. The economy etc...
PMY is another stock with good silver exposure according to goldbear a poster on HC. MYL is doing a small capital raising somewhat unexpectedly. Perhaps it negotiations with the Myanmar Government over the profit sharing agreement and mining licence is not going well.

Woke up this morning with the thought, central banks sell gold to pay for covid. Yesterday there was a headline like that in the Herald. Didnt read the article, not a subscriber. So I decided to sell all my shares in IVR, put them on the market for 4.8 cents before going to work. They sold easy and the market carried on to 5.1 cents. Am thinking now this wasn't a bright move but will see in a month or two. MYL at 8.5 cents so might sell them next week. Am interested in a biotech but no hurry to reenter market.