$Sun Silver Ltd(SS1.AU)$ This is what I would call strength... despite dropping initially like so many others when raising funds for development or working capital, the share price has rebounded quickly.
$Sun Silver Ltd(SS1.AU)$ has raised new fund last week at a slightly discount to its trading price. On top of it, silver price had a relatively big correction when it was on the verge of touching the all important $40 mark. All these should have pointed to more corrections from SS1, but nope, its share price has defied expectations and has been raising since the initial correction.
Why so?
There are a few positives going on here with SS1. Antimony verified throughout its mine and more gold / silver discoveries! Even if silver price stays as it is (which I doubt so, the correction is temporary, as the train 🚆 has left the platform), SS1 is going to be one of the largest silver mine in Nevada, USA. Silver price, no matter the manipulations by US government or private institutions, is not holding back! The increasing price of antimony helps too for SS1. I am just going to sit around and wait for the US government to make announcement to contribute to its increasingly important Maverick Springs Silver-Gold project in Nevada, USA as it places more emphasis on securing antimony and precious metals like gold and silver. It's just a matter of time.
Join the ride... there is still a long way to go as far as SS1 is concerned. With a market cap of A$150+M, its runway is long...
@Daily_Discussion @TigerStars @CaptainTiger @TigerClub
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- JackQuant·07-28TOPNice analysis! Hope it will continue surging.LikeReport
- jollyfo·07-28Impressive insightsLikeReport
